Updated Triplex with Detached
74 Ellis St, Brockton, MA 02301
For Sale
$949,900
Three-unit property with updated interiors, separate utilities, and one unit prepared for immediate occupancy.
Property Size3,324 SF
Price / SF$285.77
Days on Market54
Property Features for 74 Ellis St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Charles Lima · License #126683
(508) 272-4442
Source:
Leightonteam
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 4:13PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 3,324-square-foot triplex, built in 1907, contains two three-bedroom units and one four-bedroom unit. Each apartment includes 1.5 baths, its own electric system, a separate hot water tank, and a new gas-fired heating system. The property also has a new roof, vinyl siding, and vinyl replacement windows.
The unit to be delivered vacant features a new kitchen and bathrooms, new appliances, new flooring, and fresh paint. Three-car off-street parking is provided through a detached garage. Delead certificates are in hand for all three units. The property is located in Brockton’s Westside area near numerous conveniences.
The unit to be delivered vacant features a new kitchen and bathrooms, new appliances, new flooring, and fresh paint. Three-car off-street parking is provided through a detached garage. Delead certificates are in hand for all three units. The property is located in Brockton’s Westside area near numerous conveniences.
Key Highlights
- Three‑unit layout with two 3 bedroom units and one 4 bedroom unit
- 3,324‑square‑foot property built in 1907
- Each unit has 1.5 baths and separate electric systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,330
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,600
$1.1M
Cap Rate 7%
$819,000
$819.0K
Cap Rate 9%
$637,000
$637.0K
Market Conditions
NOI Build-Up for 3,324 SF
Gross rent
$85.8K $25.80/SF
− Vacancy
−$3.9K −$1.16/SF
EGI
$81.9K $24.64/SF
− OpEx
−$24.6K −$7.39/SF
NOI
$57.3K $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%
$1,146,600
Cap Rate 7%
$819,000
Cap Rate 9%
$637,000
Alternative Uses
Best Use
Multifamily LT 5
$819.0K
$716.6K – $955.5K
NOI $57,330 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$724.9K
$634.3K – $845.8K
NOI $50,746 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,665 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
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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
$414,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brockton, MA
Properties on Market for Triplexes in Brockton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with updated interiors, separate utilities, and one unit prepared for immediate occupancy.
Where is this triplex located?
The property is located at 74 Ellis St Brockton, MA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Three‑unit layout with two 3 bedroom units and one 4 bedroom unit; 3,324‑square‑foot property built in 1907; Each unit has 1.5 baths and separate electric systems
