3-Unit Residential Income
8 White Ave, Brookline, MA 02467
For Sale
$2,599,000
Three separate apartments each offer three bedrooms, one-and-a-half baths, hardwood floors, and a kitchen with dining area.
Property Size4,464 SF
Price / SF$582.21
Days on Market18
Property Features for 8 White Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
stainless steel appliances
granite countertops
basement storage
Kitchen
Laundry Room
Living RM/Dining RM Combo
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Coldwell Banker Realty - Lynnfield
(781) 334-5700
Listed By:
The Caceda Team
(978) 764-0151
Source:
Castleknockrealtygroup
Added: Oct 20
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Coldwell Banker Realty - Lynnfield
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Investment Insights
Based on property information with market context.
This 4,464-square-foot triplex contains three separate apartments, each with three bedrooms, one-and-a-half baths, a living room, and a kitchen with a dining area. Hardwood floors extend throughout the units, and kitchens include stainless steel appliances and granite countertops. The property was built in 1910 and has T-5 zoning.
Each apartment has basement storage, and the property includes five off-street parking spaces. Letters of compliance are in place for all three units.
The property is near Brookline Reservoir, Chestnut Hill shopping and dining, and public transportation. Route 9 provides access to Boston and surrounding communities.
Each apartment has basement storage, and the property includes five off-street parking spaces. Letters of compliance are in place for all three units.
The property is near Brookline Reservoir, Chestnut Hill shopping and dining, and public transportation. Route 9 provides access to Boston and surrounding communities.
Key Highlights
- Three apartments, each with 3 bedrooms and 1.5 baths
- 4,464 square feet; built in 1910
- Five off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,460
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,889,200
$1.9M
Cap Rate 7%
$1,349,429
$1.3M
Cap Rate 9%
$1,049,556
$1.0M
Market Conditions
NOI Build-Up for 4,464 SF
Gross rent
$142.0K $31.80/SF
− Vacancy
−$7.0K −$1.57/SF
EGI
$134.9K $30.23/SF
− OpEx
−$40.5K −$9.07/SF
NOI
$94.5K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,889,200
Cap Rate 7%
$1,349,429
Cap Rate 9%
$1,049,556
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,460 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,819 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,987 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
Demographics for 02467, MA
22,626
Population
7,293
Households
3.1
Avg Household Size
31
Median Age
83%
College-Educated
99%
High-School Grad
4.9 sq mi
ZIP Area
4,618
Density / Sq Mi
$173,854
Median Household Income
$47,877
Median Earnings
$3,067
Median Rent
$1,249,100
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Middlesex County, MA
Properties on Market for Triplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments each offer three bedrooms, one-and-a-half baths, hardwood floors, and a kitchen with dining area.
Where is this triplex located?
The property is located at 8 White Ave Brookline, MA.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 1.5 baths; 4,464 square feet; built in 1910; Five off‑street parking spaces
