Building Details

Building Size 4,464 SF

Year Built 1910

Stories 3

Listing Agency: Show Phone

Listed By: Scott Nagy Show Phone

Source: Milestonerealtyinc

Added: May 7 Changed: Aug 31 Last Checked: Aug 31 at 1:37AM

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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 Scott Nagy

Investment Insights

Based on property information with market context.

Built in 1910, this 4,464-square-foot triplex contains three residential units with individual layouts. Each unit includes a living room and dining area, three bedrooms, one full bath, and a half bath near the kitchen. Hardwood flooring extends throughout all three residences, while the bathrooms feature ceramic tile. Kitchens include stainless steel appliances, granite countertops, substantial cabinetry, workspace, and a wine chiller. Dedicated basement storage is provided for each unit.

The property includes five parking spaces and is zoned T-5. All three units have Letters of Compliance. The address is 1.2 miles from Chestnut Hill Mall, one mile from The Reservoir T- Station, one mile from Brookline Reservoir, and 0.5 mile from Chestnut Hill Reservoir.

Key Highlights

• Three‑unit multifamily property with 4,464 SF of building area
• Each unit includes 3 bedrooms, 1 full bath, and a half bath near the kitchen
• Five on‑site parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$94,460

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

3.51%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

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 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.

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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

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 (±1% cap)

NOI $94,460 @ 7.0% cap · market cap 3.51%

Second Best

Apartment 5plus

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,819 @ 7.0% cap · market cap 3.30%

Theoretical Best

Office A

$2.64M

$2.31M – $3.08M (±1% cap)

NOI $184,987 @ 7.0% cap · market cap 6.86%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Auto Parts Store HVAC Service Big Box & Wholesale Store Food Market Home Appliance Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

1,293

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three residential units offer consistent layouts, private storage, on-site parking, and updated kitchen and bath finishes.

Where is this triplex located?

The property is located at 8 White Ave Brookline Chestnut Hill, MA.

What is the asking price?

The asking price for this property is $2,695,000.

What are key features of this property?

This property features: Three‑unit multifamily property with 4,464 SF of building area; Each unit includes 3 bedrooms, 1 full bath, and a half bath near the kitchen; Five on‑site parking spaces