4-Unit Residential
47 - 49 Middle Street, Braintree, MA 02184
For Sale
$1,150,000
Pending
Residential Income, Braintree, MA
Property Size3,986 SF
Lot Size0.31 Acres
Days on Market52
Property Features for 47 - 49 Middle Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Fireplace
Directions
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
on-site laundry
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams Realty Signature Properties
Listed By:
Al Styles
(781) 924-5766
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 6 at 11:06PM
MLS# 73578522
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 3,986-square-foot residential property contains four apartments in a two-story layout, with two units on each floor. Each apartment has two bedrooms, one full bath, hardwood floors, separate utilities, and two off-street parking spaces. Two apartments will be delivered vacant; one of those has a remodeled kitchen and updated bath. The other two are tenant occupied. Basement amenities include coin-operated laundry, separate electric panels, and natural gas heating and hot water systems. The property was built in 1890 and occupies a 0.3076-acre lot zoned B.
The MBTA bus line runs along Middle Street, with access to MBTA stations, the Red Line, and Commuter Rail. The property also has access to major commuting routes and local shopping. Town water and sewer serve the site.
The MBTA bus line runs along Middle Street, with access to MBTA stations, the Red Line, and Commuter Rail. The property also has access to major commuting routes and local shopping. Town water and sewer serve the site.
Key Highlights
- Four apartments; two units on each floor
- 3,986 square feet on a 0.3076‑acre lot
- Each apartment has 2 bedrooms, 1 full bath, separate utilities, and 2 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,403
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,060
$1.4M
Cap Rate 7%
$1,020,043
$1.0M
Cap Rate 9%
$793,367
$793.4K
Market Conditions
NOI Build-Up for 3,986 SF
Gross rent
$107.6K $27.00/SF
− Vacancy
−$5.6K −$1.41/SF
EGI
$102.0K $25.59/SF
− OpEx
−$30.6K −$7.68/SF
NOI
$71.4K $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%
$1,428,060
Cap Rate 7%
$1,020,043
Cap Rate 9%
$793,367
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$892.5K – $1.19M
NOI $71,403 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$941.2K
$823.5K – $1.10M
NOI $65,881 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,179 @ 7.0% cap · market cap 14.36%
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
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 02184, MA
39,143
Population
15,032
Households
2.6
Avg Household Size
42
Median Age
47%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,836
Density / Sq Mi
$125,305
Median Household Income
$65,542
Median Earnings
$1,925
Median Rent
$623,200
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?
Quadplex - Two apartments are scheduled for vacant delivery, including one with an updated kitchen and bath.
Where is this quadplex located?
The property is located at 47 - 49 Middle Street Braintree, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four apartments; two units on each floor; 3,986 square feet on a 0.3076‑acre lot; Each apartment has 2 bedrooms, 1 full bath, separate utilities, and 2 off‑street parking spaces
