Triplex with Two-Car
For Sale
$999,000
Pending
29 Park Street, Brockton, MA 02301
Three-unit property with porches, a fenced yard, and off-street parking.
Property Size4,332 SF
Days on Market189
Property Features for 29 Park Street
General Information
Standard status
Pending
Size
4,332 SF
Total Parking Spaces
6
Property subtype
Multi-family / 3 Family
Zoning
R3
Net Operating Income
$72,000
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,201
Amenities
solar panels
water filtration system
double porches
storage closets
fenced-in yard
off-street parking
garage
No
Tile, Laminate, Wood, Hardwood
Range, Refrigerator
5.0
Electric Dryer Hookup, Washer Hookup
Full, Walk Out, Dirt Floor, Concrete Floor, Unfinished Basement
Living Room, Dining Room, Kitchen, Window AC
5
5.00
Fenced/Enclosed, Fenced
Frame
Level
Rain Gutters, Fenced Yard, Porch
Porch
Building Details
Year Built
1910
Listing Agency:
110 Realty Group
(508) 944-6553
Listed By:
Suehay Almonte · License #9587134
(508) 944-6553
Source:
Compass
Added: Feb 23
Changed: Aug 31
Last Checked: Aug 31 at 7:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 110 Realty Group
Investment Insights
Based on property information with market context.
This 4,332-square-foot triplex, built in 1910, features similar floor plans with large eat-in kitchens, double parlors, three bedrooms, and tiled bathrooms. Two of the units include two bathrooms. Additional improvements include solar panels, a water filtration system serving the owner's unit, and a basement with walk-out access and unfinished areas.
Double porches on each floor provide outdoor space and include storage closets. The property also offers off-street parking, a two-car garage, a fenced yard, and additional exterior space. Located near downtown Brockton, the property is close to schools, shopping, restaurants, bus routes, the commuter rail, gyms, and other local amenities. Zoning is R3.
Double porches on each floor provide outdoor space and include storage closets. The property also offers off-street parking, a two-car garage, a fenced yard, and additional exterior space. Located near downtown Brockton, the property is close to schools, shopping, restaurants, bus routes, the commuter rail, gyms, and other local amenities. Zoning is R3.
Key Highlights
- 4,332‑square‑foot triplex built in 1910
- Similar floor plans with large eat‑in kitchens, double parlors, 3 bedrooms, and tiled bathrooms
- Two units include 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,494,300
$1.5M
Cap Rate 7%
$1,067,357
$1.1M
Cap Rate 9%
$830,167
$830.2K
Market Conditions
NOI Build-Up for 4,332 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.8K $25.80/SF
− Vacancy
−$5.0K −$1.16/SF
EGI
$106.7K $24.64/SF
− OpEx
−$32.0K −$7.39/SF
NOI
$74.7K $17.25/SF
Area
Brockton, MA
Vacancy
4.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,494,300
Cap Rate 7%
$1,067,357
Cap Rate 9%
$830,167
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$933.9K – $1.25M
NOI $74,715 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$944.8K
$826.7K – $1.10M
NOI $66,135 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,224 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,751
Businesses Nearby
Explore this area
Business Placement
Demographics for 02301, MA
69,418
Population
24,592
Households
2.8
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
12.4 sq mi
ZIP Area
5,598
Density / Sq Mi
$72,727
Median Household Income
$43,588
Median Earnings
$1,566
Median Rent
$414,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with porches, a fenced yard, and off-street parking.
Where is this triplex located?
The property is located at 29 Park Street Brockton, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 4,332‑square‑foot triplex built in 1910; Similar floor plans with large eat‑in kitchens, double parlors, 3 bedrooms, and tiled bathrooms; Two units include 2 bathrooms
