9-Unit Apartment
New
For Sale
$1,725,000
807-809 N Montello Street, Brockton, MA 02301
The three-story property occupies a corner parcel near the Montello MBTA Commuter Rail Station.
Property Size10,092 SF
Lot Size0.21 Acres
Price / SF$170.93
Days on Market6
Property Features for 807-809 N Montello Street
General Information
Standard status
Active
Size
10,092 SF
Total Parking Spaces
9
Lot size
0.21 Acres
Property subtype
Multi-family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
9 x 2BR/1BA
Multifamily Units
9
Building Details
Year Built
1920
Stories
3
Listing Agency:
Horvath & Tremblay
Listed By:
Jason Kulik · License #9554698
(781) 776-4000
Source:
Miketoomeyrealestate
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 14 at 10:45PM
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 Horvath & Tremblay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1920-built apartment property contains nine two-bedroom, one-bathroom units across three stories. The building has 10,092 square feet of gross living area within 13,456 square feet of gross area, on a 0.21-acre corner parcel. Nine off-street parking spaces serve the property, and Unit 3 is vacant.
At 807-809 N Montello St in Brockton, the property is 0.1 miles from the Montello MBTA Commuter Rail Station. Electricity is separately metered. Tenants are responsible for gas-fired heat and hot water, except in Units 5 and 8, where the landlord covers those services. The landlord also pays directly for domestic water and sewer.
At 807-809 N Montello St in Brockton, the property is 0.1 miles from the Montello MBTA Commuter Rail Station. Electricity is separately metered. Tenants are responsible for gas-fired heat and hot water, except in Units 5 and 8, where the landlord covers those services. The landlord also pays directly for domestic water and sewer.
Key Highlights
- Nine apartments, each with two bedrooms and one bathroom
- 10,092 square feet of gross living area; 13,456 square feet of gross area
- 0.21‑acre corner parcel with nine off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,070
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,081,400
$3.1M
Cap Rate 7%
$2,201,000
$2.2M
Cap Rate 9%
$1,711,889
$1.7M
Market Conditions
NOI Build-Up for 10,092 SF
Gross rent
$295.5K $29.28/SF
− Vacancy
−$15.4K −$1.52/SF
EGI
$280.1K $27.76/SF
− OpEx
−$126.1K −$12.49/SF
NOI
$154.1K $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%
$3,081,400
Cap Rate 7%
$2,201,000
Cap Rate 9%
$1,711,889
Alternative Uses
Best Use
Apartment 5plus
$2.20M
$1.93M – $2.57M
NOI $154,070 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $335,991 @ 7.0% cap · market cap 19.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
9
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
576
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The three-story property occupies a corner parcel near the Montello MBTA Commuter Rail Station.
Where is this apartment building located?
The property is located at 807-809 N Montello Street Brockton, MA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Nine apartments, each with two bedrooms and one bathroom; 10,092 square feet of gross living area; 13,456 square feet of gross area; 0.21‑acre corner parcel with nine off‑street parking spaces
