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    Victorian Two-Family Corner Home Title is generated by Realmo AI

    3 Harrison Avenue, Braintree, MA 02184

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    For Sale
    $769,000

    Victorian-style two-family with off-street parking and multiple laundry hookups, offering flexible living or rental configurations.

    Type:Multi Family Home
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 1:44 am

    Property Features for 3 Harrison Avenue

    General Information

    Standard status
    Active
    Property subtype
    Multi Family Home

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Richard Lannon

    Listing agent Richard Lannon

    Listing office Keller Williams Realty

    Listing date Jun 3, 2026

    Source Janicemitchellre

    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 Keller Williams Realty

    HighLights

    • Victorian‑style 2‑family built in 1920 with a wrap‑around covered farmer’s porch on a corner lot
    • Multiple laundry hookups: pantry/laundry hookup on the first floor and additional washer & dryer on the first level, plus basement laundry hookup
    • Hardwood floors in many rooms and a den/office on the first floor with a second egress
    • Basement includes utilities and open storage via the bulkhead
    • Upstairs features 2 BRs, living room, kitchen, full bath, and an entry foyer
    • Off‑street parking with most of the exterior on aluminum siding and vinyl replacement windows

    Overview

    This Victorian-style two-family home sits on a corner lot and is configured for two separate living areas. The property includes a wrap-around covered farmer’s porch and an additional deck for outdoor use. Inside, the first floor features hardwood floors in many rooms and has seen some updates. A den/office is included, along with pantry space and laundry hookups. The second level has an entry foyer, two bedrooms, a living room, and a kitchen, plus a full bathroom.

    Additional conveniences include washer and dryer provided on the first level. The basement contains the utilities, another laundry hookup, and open storage accessed via the bulkhead. Exterior improvements include aluminum siding for most of the house and vinyl replacement windows.

    The layout supports both owner-occupancy and tenant use, with room to separate work-from-home space on the main level and independent bedroom and living areas upstairs. With off-street parking and multiple laundry hookups, it can be workable for households that value day-to-day functionality. The home is being offered in as-is condition.
    Location Intelligence

    Current Use by Public Records

    Felicas,Craft Catering Take-out & Catering

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Braintree
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9937929
    Latitude
    42.2151083

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    FAQs

    What type of property is this?
    Duplex - Victorian-style two-family with off-street parking and multiple laundry hookups, offering flexible living or rental configurations.
    Where is this duplex located?
    The property is located at 3 Harrison Avenue Braintree, MA.
    What is the asking price?
    The asking price for this property is $769,000.
    What are key features of this property?
    This property features: Victorian‑style 2‑family built in 1920 with a wrap‑around covered farmer’s porch on a corner lot; Multiple laundry hookups: pantry/laundry hookup on the first floor and additional washer & dryer on the first level, plus basement laundry hookup; Hardwood floors in many rooms and a den/office on the first floor with a second egress
    (617) 571-8510
    We can help!
    Listing Contact
    Richard Lannon
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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