For Sale
$900,000

127 Newbury StBrockton, MA 02301

Five-unit building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional value-add opportunity presents a five-unit apartment building situated on a 0.17-acre lot in Brockton, Massachusetts. The three-story, 6,009 square foot building boasts 4,317 square feet of net rentable space, currently housing three two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units. With a 100% occupancy rate and a strong net operating income (NOI) of $61,192, this property offers a compelling 6.80% cap rate. The asking price is $900,000, translating to $180,000 per unit. Built in 1900, the property features separately metered utilities (tenant-paid electricity, gas, and heat

Highlights

  • Excellent transit-oriented location on Newbury Street, minutes from Rtes. 27, 123, and 24, with nearby BAT bus routes 4 & 9 and the Brockton MBTA commuter rail station (0.7 miles).
  • Significant value-add potential due to below-market rents, allowing for interior and common area upgrades in a high-demand market.
  • Separately metered utilities (tenant pays electric, gas, and heat; landlord pays common area electric, water, and sewer).
  • Offers off-street resident parking.
  • Strong rental demographics: over 35,600 residents within 1 mile ($93,958 avg. household income) and over 109,800 within 3 miles ($106,951 avg. household income).
  • Desirable location near downtown Brockton amenities, parks (Brockton Park, D.W. Field Park, Waldo Lake, Ames Nowell State Park), golf courses, and with easy access to Boston (25 miles).

Property Details for 127 Newbury St

Property type
Apartment buildings
Square Feet
6,009 SF
Year Built
1900
Buildings
1
Stories
3
Lot Size (sq. ft)
7,405 SF
Units
5

Location Insight

City
Brockton
County
Plymouth
State
Massachusetts
Latitude
42.08227785
Longitude
-71.02647531
127 Newbury St, Brockton, Massachusetts

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127 Newbury St
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