Triplex with Finished Lower
For Sale
$1,099,000
35 Florence St, Brockton, MA 02301
Three residential units include eat-in kitchens and bright interior spaces.
Property Size3,078 SF
Price / SF$357.05
Days on Market57
Property Features for 35 Florence St
General Information
Standard status
Active
Size
3,078 SF
Property subtype
3 Family
Additional Details
Public Transit
Yes
Multifamily Units
3
Amenities
finished lower level
Building Details
Building Size
3,078 SF
Year Built
1882
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Aug 21
Changed: Oct 15
Last Checked: Oct 15 at 12:23AM
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 IVerty Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1882, this triplex contains three residential units with 11 total bedrooms. Each unit includes an eat-in kitchen, spacious interior layouts, and strong natural light. A finished lower level adds flexible space for storage, recreation, or extended living beyond the primary unit areas.
The property is located at 35 Florence St in Brockton, close to shopping, transit, and major routes. Its three-unit configuration, substantial bedroom count, and additional finished space support a range of investor or owner-occupant living arrangements.
The property is located at 35 Florence St in Brockton, close to shopping, transit, and major routes. Its three-unit configuration, substantial bedroom count, and additional finished space support a range of investor or owner-occupant living arrangements.
Key Highlights
- Three‑unit triplex configuration
- 11 total bedrooms
- Finished lower level for storage, recreation, or extended living
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,087
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,740
$1.1M
Cap Rate 7%
$758,386
$758.4K
Cap Rate 9%
$589,856
$589.9K
Market Conditions
NOI Build-Up for 3,078 SF
Gross rent
$79.4K $25.80/SF
− Vacancy
−$3.6K −$1.16/SF
EGI
$75.8K $24.64/SF
− OpEx
−$22.8K −$7.39/SF
NOI
$53.1K $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%
$1,061,740
Cap Rate 7%
$758,386
Cap Rate 9%
$589,856
Alternative Uses
Best Use
Multifamily LT 5
$758.4K
$663.6K – $884.8K
NOI $53,087 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$671.3K
$587.4K – $783.2K
NOI $46,991 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,475 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
896
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 include eat-in kitchens and bright interior spaces.
Where is this triplex located?
The property is located at 35 Florence St Brockton, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; 11 total bedrooms; Finished lower level for storage, recreation, or extended living
