Triplex with Multi-Car
86 Chestnut St, Brookline, MA 02445
For Sale
$1,699,000
Pending
The property needs repairs and updates, with off-street parking available in its driveway.
Property Size3,681 SF
Days on Market98
Property Features for 86 Chestnut St
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Red Tree Real Estate
Listed By:
Sarah McIntyre
Source:
Thewilsongrouprealtors
Added: Aug 5
Changed: Nov 7
Last Checked: Nov 9 at 2:36PM
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 Red Tree Real Estate
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Investment Insights
Based on property information with market context.
Built in 1900, this Brookline triplex contains 3,681 square feet. The property requires repairs and updates, and its driveway provides off-street parking for multiple vehicles.
Brookline Village is nearby, and the Green Line is a 12-minute walk away. The MBTA Route 60 bus stops steps from the property, with service to the Longwood Medical Area. Grocery stores, restaurants, parks, and walking trails are also in the surrounding area.
Brookline Village is nearby, and the Green Line is a 12-minute walk away. The MBTA Route 60 bus stops steps from the property, with service to the Longwood Medical Area. Grocery stores, restaurants, parks, and walking trails are also in the surrounding area.
Key Highlights
- Triplex with 3,681 square feet
- Built in 1900
- Driveway accommodates multiple cars for off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,939
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,780
$1.3M
Cap Rate 7%
$941,986
$942.0K
Cap Rate 9%
$732,656
$732.7K
Market Conditions
NOI Build-Up for 3,681 SF
Gross rent
$99.4K $27.00/SF
− Vacancy
−$5.2K −$1.41/SF
EGI
$94.2K $25.59/SF
− OpEx
−$28.3K −$7.68/SF
NOI
$65.9K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,780
Cap Rate 7%
$941,986
Cap Rate 9%
$732,656
Alternative Uses
Best Use
Multifamily LT 5
$942.0K
$824.2K – $1.10M
NOI $65,939 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$869.1K
$760.5K – $1.01M
NOI $60,840 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,540 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,633
Businesses Nearby
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Business Placement
Demographics for 02445, MA
22,499
Population
10,016
Households
2.2
Avg Household Size
36
Median Age
86%
College-Educated
98%
High-School Grad
2.6 sq mi
ZIP Area
8,653
Density / Sq Mi
$145,878
Median Household Income
$76,514
Median Earnings
$2,779
Median Rent
$1,218,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Norfolk County, MA
Properties on Market for Triplexes in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property needs repairs and updates, with off-street parking available in its driveway.
Where is this triplex located?
The property is located at 86 Chestnut St Brookline, MA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Triplex with 3,681 square feet; Built in 1900; Driveway accommodates multiple cars for off‑street parking
