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Brockton Multifamily Portfolio | 2 Asset 1 Land Properties Offered at $2,299,000 in Brockton, MA
Investment Highlights
- Land Redevelopment
- Stable Income
- ADU Execution
Executive Summary
97 Huntington St
Units: 2 units + finished basement (ADU potential)
Pro Forma Gross Income (w/ ADU): ~$77,000–$83,000
Proforma NOI: ~$54,000–$59,000 (utility structure dependent)
Estimated Pro Forma Cap: ~6.0%–6.8%
Value-Add: Basement already finished w/ full bath ? attached ADU approval = NOI growth
Parking: 6 off-street
Utilities: Separate
184 Myrtle St
Units: 3
Lot Size: ~0.46 acres (double lot)
Zoning: R-2
Proforma NOI: ~$88,575
Parking: 9+ off-street (double driveway)
Value-Add: Subdivision / additional structure / ADU (buyer due diligence)
Units: 2 units + finished basement (ADU potential)
Pro Forma Gross Income (w/ ADU): ~$77,000–$83,000
Proforma NOI: ~$54,000–$59,000 (utility structure dependent)
Estimated Pro Forma Cap: ~6.0%–6.8%
Value-Add: Basement already finished w/ full bath ? attached ADU approval = NOI growth
Parking: 6 off-street
Utilities: Separate
184 Myrtle St
Units: 3
Lot Size: ~0.46 acres (double lot)
Zoning: R-2
Proforma NOI: ~$88,575
Parking: 9+ off-street (double driveway)
Value-Add: Subdivision / additional structure / ADU (buyer due diligence)
Taxes & Operating Expenses (Pro Forma - 2026) |
Annual |
|---|---|
| Gross Rental Income |
$166,000
|
| Other Income |
-
|
| Vacancy Loss |
$16,600
|
| Effective Gross Income |
$149,400
|
| Taxes |
$14,500
|
| Operating Expenses |
$7,500
|
| Total Expenses |
$22,000
|
| Net Operating Income |
$127,400
|
Taxes & Operating Expenses (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $166,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | $16,600 |
| Effective Gross Income | |
|---|---|
| Annual | $149,400 |
| Taxes | |
|---|---|
| Annual | $14,500 |
| Operating Expenses | |
|---|---|
| Annual | $7,500 |
| Total Expenses | |
|---|---|
| Annual | $22,000 |
| Net Operating Income | |
|---|---|
| Annual | $127,400 |
Property Facts
| Price | $2,299,000 | Status | Active |
| Sale Condition | Bulk/Portfolio Sale | Number of Properties | 2 |
| Cap Rate | 6% | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Land Area | 0.13 AC |
| Price | $2,299,000 |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Land Area | 0.13 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 97 Huntington St, Brockton, MA 02301 | Land | 0.13 AC | - |
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Presented by
Smith and Oak Real Estate Co.
Brockton Multifamily Portfolio | 2 Asset
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