3-Unit Triplex with Hardwood
New
For Sale
$850,000
65 Richmond St, Brockton, MA 02301
Gas heat and separate gas water heaters serve the three-unit residential property.
Property Size3,654 SF
Days on Market2
Property Features for 65 Richmond St
General Information
Standard status
Active
Size
3,654 SF
Total Parking Spaces
3
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,453
Building Details
Building Size
3,654 SF
Year Built
1898
Buildings
1
Listing Agency:
Torrey & Associates R. E.
Listed By:
Michelle Torrey
(508) 580-8440
Source:
Classifiedrealtygroup
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:41AM
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 Torrey & Associates R. E.
Investment Insights
Based on property information with market context.
Built in 1898, this three-unit property has vinyl siding and hardwood flooring throughout. The first-floor apartment is described as a four- to five-bedroom unit. Gas heat and individual gas water heaters serve the building.
The first- and second-floor units have long-term tenants, with reported tenancies exceeding 15 years and six years, respectively. The third-floor apartment recently became vacant after a 17-year tenancy. Two parking spaces were added after a detached two-car garage was removed.
The first- and second-floor units have long-term tenants, with reported tenancies exceeding 15 years and six years, respectively. The third-floor apartment recently became vacant after a 17-year tenancy. Two parking spaces were added after a detached two-car garage was removed.
Key Highlights
- Three residential units in a building constructed in 1898
- First‑floor unit has 4 to 5 bedrooms
- Hardwood floors throughout; vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,022
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,440
$1.3M
Cap Rate 7%
$900,314
$900.3K
Cap Rate 9%
$700,244
$700.2K
Market Conditions
NOI Build-Up for 3,654 SF
Gross rent
$94.3K $25.80/SF
− Vacancy
−$4.2K −$1.16/SF
EGI
$90.0K $24.64/SF
− OpEx
−$27.0K −$7.39/SF
NOI
$63.0K $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%
$1,260,440
Cap Rate 7%
$900,314
Cap Rate 9%
$700,244
Alternative Uses
Best Use
Multifamily LT 5
$900.3K
$787.8K – $1.05M
NOI $63,022 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$796.9K
$697.3K – $929.7K
NOI $55,784 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,652 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
612
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Gas heat and separate gas water heaters serve the three-unit residential property.
Where is this triplex located?
The property is located at 65 Richmond St Brockton, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three residential units in a building constructed in 1898; First‑floor unit has 4 to 5 bedrooms; Hardwood floors throughout; vinyl siding
