Three-Family Residential Income
59 Ford Street Brockton, MA 02301
59 Ford Street, Brockton, MA, 02301
$689,000
For Sale
$689,000
Three units with 2 bedrooms each; the 2nd and 3rd floors are fully remodeled and ready for occupancy.
Property Size2,346 SF
Price / SF$293.69
Days on Market98
Property Features for 59 Ford Street
General Information
- Standard status
- Active
- Size
- 2,346 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1898
Listing agency
Century 21 North East
Listed by
Luis Tejada
(781) 878-2478
Source
Trufantre
Added: Apr 15 Updated: Jul 20 at 5:18PM Checked: Jul 21 at 5:59AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
59 Ford Street is a 3-family residential income property featuring three separate units, each with 2 bedrooms. The 2nd and 3rd floor units have been fully remodeled and are ready for occupancy.
Recent major improvements include a new roof, a new hot water heater, updated gas utilities, and newer electrical systems, providing reassurance for the next owner. Outside, the property offers 2-car parking and a large detached garage/storage structure that may be suitable for storage, workshop space, recreation, or potential future accessory use, subject to buyer due diligence.
This is a practical multi-family layout with multiple income-generating units and meaningful site amenities, including dedicated off-street parking and substantial detached storage space.
Recent major improvements include a new roof, a new hot water heater, updated gas utilities, and newer electrical systems, providing reassurance for the next owner. Outside, the property offers 2-car parking and a large detached garage/storage structure that may be suitable for storage, workshop space, recreation, or potential future accessory use, subject to buyer due diligence.
This is a practical multi-family layout with multiple income-generating units and meaningful site amenities, including dedicated off-street parking and substantial detached storage space.
Key Highlights
- 3‑family property built in 1898 with 2 bedrooms in each unit
- 2nd- and 3rd‑floor units are fully remodeled and ready for occupancy
- Recent major improvements include a new roof, new hot water heater, updated gas utilities, and newer electrical systems
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.5k | $25.80 |
| − Vacancy | −$2.7k | −$1.16 |
| EGI | $57.8k | $24.64 |
| − OpEx | −$17.3k | −$7.39 |
| NOI | $40.5k | $17.25 |
2,346 SF · lease $25.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$578.0K
$505.8K – $674.4K
NOI $40,462 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$511.6K
$447.7K – $596.9K
NOI $35,815 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.12M
$976.3K – $1.30M
NOI $78,105 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three units with 2 bedrooms each; the 2nd and 3rd floors are fully remodeled and ready for occupancy.
Where is this triplex located?
The property is located at 59 Ford Street Brockton, MA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 3‑family property built in 1898 with 2 bedrooms in each unit; 2nd- and 3rd‑floor units are fully remodeled and ready for occupancy; Recent major improvements include a new roof, new hot water heater, updated gas utilities, and newer electrical systems
