Mixed-Use Property with
For Sale
$749,900
616 Centre, Brockton, MA 02302
Residential Income, Brockton, MA
Property Size4,018 SF
Lot Size0.23 Acres
Price / SF$186.64
Days on Market95
Property Features for 616 Centre
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C1
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1
Parking
10
Elementary school
Downey Elementry
Middle school
East Middle
High school
Bhs/Spellmen/Southeastern
Directions
Proceed down 106 to 616 Centre St, use GPS
Standard status
Active
APN
969127
Size
4,018 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Building Details
Year built
1916
Floors in Building
5
Number of units
4
Listing Agency:
RE/MAX Synergy · RE/MAX International
Listed By:
Luis B Martins
(508) 857-5392
Added: Jul 23
Changed: Oct 24
Last Checked: Oct 25 at 2:06PM
MLS# 73553898
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.
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Investment Insights
Based on property information with market context.
This mixed-use property contains a single-family residence alongside three storefront units within a 4,018-square-foot building. The residence includes three bedrooms and two full bathrooms. Reported improvements include a new roof and updated heating systems, while basement space provides additional utility. The property sits on a 0.2349-acre lot and was built in 1916.
Positioned at 616 Centre in Brockton, the property is located on Rt 123 near the Dwyers building and approximately one minute from Brockton Hospital. The site is served by a bus route and includes parking. C1 zoning supports the property's mixed residential and storefront configuration.
Positioned at 616 Centre in Brockton, the property is located on Rt 123 near the Dwyers building and approximately one minute from Brockton Hospital. The site is served by a bus route and includes parking. C1 zoning supports the property's mixed residential and storefront configuration.
Key Highlights
- 4,018‑square‑foot mixed‑use building on a 0.2349‑acre lot
- Single‑family residence with 3 bedrooms and 2 full bathrooms
- Three storefront units included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,341
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,820
$1.2M
Cap Rate 7%
$876,300
$876.3K
Cap Rate 9%
$681,567
$681.6K
Market Conditions
NOI Build-Up for 4,018 SF
Gross rent
$117.6K $29.28/SF
− Vacancy
−$6.1K −$1.52/SF
EGI
$111.5K $27.76/SF
− OpEx
−$50.2K −$12.49/SF
NOI
$61.3K $15.27/SF
Area
Brockton, MA
Vacancy
5.20%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,820
Cap Rate 7%
$876,300
Cap Rate 9%
$681,567
Alternative Uses
Best Use
Mixed Use
$1.07M
$932.3K – $1.24M
NOI $74,584 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$876.3K
$766.8K – $1.02M
NOI $61,341 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,770 @ 7.0% cap · market cap 17.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
109k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 30%
Home Improvements & Furnishings 23%
Electronics 2%
The Home Depot
Home Improvements & Furnishings
24,275 visits/mo
0.4 miles
McDonald's
Dining
19,766 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,379 visits/mo
0.3 miles
Dunkin' Donuts
Dining
11,246 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,817 visits/mo
0.3 miles
Demographics for 02302, MA
36,202
Population
12,828
Households
2.8
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
4,068
Density / Sq Mi
$87,560
Median Household Income
$45,342
Median Earnings
$1,476
Median Rent
$395,000
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C1-zoned property combines a single-family residence with three storefront units.
Where is this mixed-use property located?
The property is located at 616 Centre Brockton, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 4,018‑square‑foot mixed‑use building on a 0.2349‑acre lot; Single‑family residence with 3 bedrooms and 2 full bathrooms; Three storefront units included
