Triplex with
For Sale
$999,900
Pending
33 Park St, Brockton, MA 02301
Three residential units offer separate heating, basement laundry, and off-street parking.
Property Size4,371 SF
Days on Market43
Property Features for 33 Park St
General Information
Standard status
Pending
Size
4,371 SF
Property subtype
3 Family
Units
Unit Mix
3 x 4BR/1.5BA
Multifamily Units
3
Additional Details
Sprinkler System
Yes
Amenities
coin-operated laundry
Building Details
Year Built
1925
Year Renovated
2018
Buildings
1
Listing Agency:
Keller Williams South Watuppa
(508) 677-3233
Listed By:
The J. Pavao Team
(774) 319-1169
Source:
Ninasoto
Added: Sep 21
Changed: Oct 30
Last Checked: Oct 30 at 2:38PM
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 South Watuppa
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Investment Insights
Based on property information with market context.
Built in 1925, this 4,371-square-foot triplex contains three units, each configured with four bedrooms and one-and-a-half bathrooms. Renovations completed in 2018 included hardwood and updated vinyl flooring. Each apartment has its own Navien heating system.
The property also includes a garage, off-street parking, a whole-house sprinkler system, and coin-operated laundry in the basement. Located at 33 Park St in Brockton, Massachusetts, the building combines three similar residential layouts with shared property amenities.
The property also includes a garage, off-street parking, a whole-house sprinkler system, and coin-operated laundry in the basement. Located at 33 Park St in Brockton, Massachusetts, the building combines three similar residential layouts with shared property amenities.
Key Highlights
- Three units, each with four bedrooms and one‑and‑a‑half bathrooms
- 4,371‑square‑foot building, constructed in 1925
- Renovated in 2018 with hardwood and updated vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,388
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,507,760
$1.5M
Cap Rate 7%
$1,076,971
$1.1M
Cap Rate 9%
$837,644
$837.6K
Market Conditions
NOI Build-Up for 4,371 SF
Gross rent
$112.8K $25.80/SF
− Vacancy
−$5.1K −$1.16/SF
EGI
$107.7K $24.64/SF
− OpEx
−$32.3K −$7.39/SF
NOI
$75.4K $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 Rate 5%
$1,507,760
Cap Rate 7%
$1,076,971
Cap Rate 9%
$837,644
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$942.4K – $1.26M
NOI $75,388 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$953.3K
$834.1K – $1.11M
NOI $66,730 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,523 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,751
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer separate heating, basement laundry, and off-street parking.
Where is this triplex located?
The property is located at 33 Park St Brockton, MA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Three units, each with four bedrooms and one‑and‑a‑half bathrooms; 4,371‑square‑foot building, constructed in 1925; Renovated in 2018 with hardwood and updated vinyl flooring
