Three-Unit Multifamily
For Sale
$899,999
Pending
957 Warren Ave, Brockton, MA 02301
Residential income property with basement laundry, rear parking, balconies, and a fenced outdoor area.
Property Size4,709 SF
Days on Market47
Property Features for 957 Warren Ave
General Information
Standard status
Pending
Size
4,709 SF
Property subtype
Investment
Units
Unit Mix
3 x 4BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,382
Amenities
laundry
balcony
fenced-in area
Building Details
Building Size
4,709 SF
Year Built
1900
Stories
6
Units
3
Listed By:
Detra Offutt
(774) 274-2043
Source:
Elliman
Added: Sep 9
Changed: Oct 19
Last Checked: Oct 24 at 6:55PM
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 Detra Offutt
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Investment Insights
Based on property information with market context.
This 1900-built triplex contains three residential units, with each unit offering 4 bedrooms and 1 full bathroom. The property also includes a full basement with partially finished space and laundry facilities, along with balcony areas at the front and side of the building. A fenced outdoor section and parking are located behind the home.
The property is situated at 957 Warren Ave in Brockton, Massachusetts, with public transportation, shopping, schools, restaurants, and other everyday amenities nearby. WalkScore is 77, BikeScore is 51, and TransitScore is 37, reflecting walkable access, bikeable conditions, and available transit service.
The property is situated at 957 Warren Ave in Brockton, Massachusetts, with public transportation, shopping, schools, restaurants, and other everyday amenities nearby. WalkScore is 77, BikeScore is 51, and TransitScore is 37, reflecting walkable access, bikeable conditions, and available transit service.
Key Highlights
- Three residential units, each with 4 bedrooms and 1 full bathroom
- Full basement with partially finished space and laundry
- Front and side balcony areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,218
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,624,360
$1.6M
Cap Rate 7%
$1,160,257
$1.2M
Cap Rate 9%
$902,422
$902.4K
Market Conditions
NOI Build-Up for 4,709 SF
Gross rent
$121.5K $25.80/SF
− Vacancy
−$5.5K −$1.16/SF
EGI
$116.0K $24.64/SF
− OpEx
−$34.8K −$7.39/SF
NOI
$81.2K $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%
$1,624,360
Cap Rate 7%
$1,160,257
Cap Rate 9%
$902,422
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,218 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$1.03M
$898.6K – $1.20M
NOI $71,890 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,776 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
711
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with basement laundry, rear parking, balconies, and a fenced outdoor area.
Where is this triplex located?
The property is located at 957 Warren Ave Brockton, MA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Three residential units, each with 4 bedrooms and 1 full bathroom; Full basement with partially finished space and laundry; Front and side balcony areas
