Three-Unit Multifamily
For Sale
$3,100,000
3 Strathmore Rd, Brookline, MA 02445
Well-maintained residential building with spacious apartments, original character, off-street parking, and leases extending through 2027.
Property Size5,118 SF
Price / SF$605.71
Days on Market51
Property Features for 3 Strathmore Rd
General Information
Standard status
Active
Size
5,118 SF
Total Parking Spaces
6
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
1 x 2BR, 2 x 3BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$25,692
Building Details
Building Size
5,118 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Fenway Property Advisors
Listed By:
Matthew Foley
(617) 262-9966
Source:
Classifiedrealtygroup
Added: Sep 11
Changed: Oct 29
Last Checked: Oct 30 at 11:17AM
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 Fenway Property Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,118-square-foot triplex contains three apartments: one two-bedroom residence and two three-bedroom residences. Each unit offers a practical layout with large bedrooms, eat-in kitchens, hardwood flooring, storage, and original architectural details. The building was constructed in 1900 and received a new rubber roof in 2021. Off-street parking behind the property accommodates multiple vehicles.
The property is located at 3 Strathmore Rd in Brookline, with access to Cleveland Circle, Coolidge Corner, public transportation, the Longwood Medical Area, and Boston College. Shops, restaurants, and neighborhood services are also nearby. All three apartments are occupied by long-term tenants under fixed leases that run through 2027.
The property is located at 3 Strathmore Rd in Brookline, with access to Cleveland Circle, Coolidge Corner, public transportation, the Longwood Medical Area, and Boston College. Shops, restaurants, and neighborhood services are also nearby. All three apartments are occupied by long-term tenants under fixed leases that run through 2027.
Key Highlights
- 5,118‑square‑foot triplex with three apartments
- Unit mix includes one two‑bedroom and two three‑bedroom apartments
- New rubber roof installed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,681
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,833,620
$1.8M
Cap Rate 7%
$1,309,729
$1.3M
Cap Rate 9%
$1,018,678
$1.0M
Market Conditions
NOI Build-Up for 5,118 SF
Gross rent
$138.2K $27.00/SF
− Vacancy
−$7.2K −$1.41/SF
EGI
$131.0K $25.59/SF
− OpEx
−$39.3K −$7.68/SF
NOI
$91.7K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,833,620
Cap Rate 7%
$1,309,729
Cap Rate 9%
$1,018,678
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,681 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,591 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$3.03M
$2.65M – $3.53M
NOI $212,089 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 02445, MA
22,499
Population
10,016
Households
2.2
Avg Household Size
36
Median Age
86%
College-Educated
98%
High-School Grad
2.6 sq mi
ZIP Area
8,653
Density / Sq Mi
$145,878
Median Household Income
$76,514
Median Earnings
$2,779
Median Rent
$1,218,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained residential building with spacious apartments, original character, off-street parking, and leases extending through 2027.
Where is this triplex located?
The property is located at 3 Strathmore Rd Brookline, MA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 5,118‑square‑foot triplex with three apartments; Unit mix includes one two‑bedroom and two three‑bedroom apartments; New rubber roof installed in 2021
