Three-Unit Multifamily
For Sale
$799,999
4 Richmond St, Brockton, MA 02301
Multifamily property with updated exterior components, basement access, outdoor space, and off-street parking.
Property Size3,124 SF
Price / SF$256.08
Days on Market55
Property Features for 4 Richmond St
General Information
Standard status
Active
Size
3,124 SF
Property subtype
Multi-Family
Building Details
Year Built
1874
Listing Agency:
RE/MAX Synergy
Listed By:
Isabel Fernandes Realty Team
(508) 857-5392
Source:
Leightonteam
Added: Aug 12
Changed: Sep 10
Last Checked: Oct 4 at 1:48PM
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 RE/MAX Synergy
Investment Insights
Based on property information with market context.
This three-unit multifamily property at 4 Richmond St. includes a three-bedroom first-floor unit, a three-bedroom second-floor unit, and a two-bedroom third-floor unit. The building has three full bathrooms, a full unfinished basement with walkout access, and a backyard. Roof and windows have been updated, and off-street parking is available. Built in 1874, the property is zoned R2.
The Brockton location places the property near shopping, schools, hospitals, laundry services, other amenities, and major highway access. All three units may be delivered vacant, providing flexibility for an owner-occupant or residential income strategy.
The Brockton location places the property near shopping, schools, hospitals, laundry services, other amenities, and major highway access. All three units may be delivered vacant, providing flexibility for an owner-occupant or residential income strategy.
Key Highlights
- Three‑unit property with 3‑bedroom, 3‑bedroom, and 2‑bedroom unit mix
- 3 full bathrooms across the building
- Updated roof and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,881
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,620
$1.1M
Cap Rate 7%
$769,729
$769.7K
Cap Rate 9%
$598,678
$598.7K
Market Conditions
NOI Build-Up for 3,124 SF
Gross rent
$80.6K $25.80/SF
− Vacancy
−$3.6K −$1.16/SF
EGI
$77.0K $24.64/SF
− OpEx
−$23.1K −$7.39/SF
NOI
$53.9K $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%
$1,077,620
Cap Rate 7%
$769,729
Cap Rate 9%
$598,678
Alternative Uses
Best Use
Multifamily LT 5
$769.7K
$673.5K – $898.0K
NOI $53,881 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$681.3K
$596.2K – $794.9K
NOI $47,693 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,007 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
620
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with updated exterior components, basement access, outdoor space, and off-street parking.
Where is this triplex located?
The property is located at 4 Richmond St Brockton, MA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Three‑unit property with 3‑bedroom, 3‑bedroom, and 2‑bedroom unit mix; 3 full bathrooms across the building; Updated roof and windows
