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About the Listing AC0342 - TM358164
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 an 8.42% cap rate at the $2,580,000 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 Vicente’s Supermarket, offering investors a rare chance to acquire a stabilized income-producing asset with future upside.
Listing Highlights
Status
Active
Days on Site
122
Property Type
Multi-Family
MLS ®
73444455
Year Built
1890
Total Square Footage
12,432
Lot/Acreage
0.17
County
Plymouth
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 3
- Zoning: C2
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Spaces: 3
Financial Details
- Tax Amount: $17,596
- Taxes w/Assessments: $1,453,000
- Tax/Property ID: M:091 R:019 S:,961498
- Tax Year: 2025
Payment Calculator
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Questions About..
162 Warren Ave Brockton, MA 02301
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