MA
Plymouth
Brockton
02301
162 Warren Ave
162 Warren Ave, Brockton, MA 02301
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Listing Type
Multi Family
Listing Status
active
9
$2,800,000

Home Details for 162 Warren Ave

Price
$2,800,000
Type
Residential Income
Bedrooms
2
Bathrooms
Square feet
12432
Year built
1890
Lot size acres
0.17
County
Plymouth
Total rooms
33
Garage
Basement
Full
Days on site
25
MLS Listing#
73444455
Property Description

162 Warren Avenue is a fully licensed 33-room lodging house in the heart of Brockton, including 2 one-bedroom apartments and 1 studio. This three-story, 12,432 SF building generates $403,476 in gross annual income from diversified sources including room rents, laundry, vending, ATM, and storage. With operating expenses of $186,280, the property produces a net operating income of $217,196, delivering a 7.75% cap rate at the $2,800,000 asking price. Situated on a 0.17-acre parcel zoned C2 Commercial, the property offers both stable cash flow and long-term redevelopment potential. The building is fully functional with consistent occupancy. Its prime location places it near downtown Brockton, the MBTA Commuter Rail, and Vincentes Supermarket, offering investors a rare chance to acquire a stabilized income-producing asset with future upside.

Property Features
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: eXp Realty - 888-854-7493
Presented by: Creatini Group
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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