162 Warren Avenue is a fully licensed 36-room lodging house in the heart of Brockton, including 2 one-bedroom apartments and 1 studio. This three-story, 12,432 SFbuilding 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 8.69 % cap rate at the $2,500,000 asking price. Situated on a 0.17-acre parcel zoned C2Commercial, the property offers both stable cash flow and long-term redevelopment potential. The building is fully functional with consistent occupancy. Its primelocation places it near downtown Brockton, the MBTA Commuter Rail, and Vincentes Supermarket, offering investors a rare chance to acquire a stabilized incomeproducing asset with future upside.
- Basement:
- Unfinished
- Parking:
- Off Street, Paved, Paved Drive
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 6
- Parking Spaces:
- 3
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $201
- Zoning:
- C2
- No Units:
- 36
- Orig Price:
- $2,500,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Brockton
- State:
- MA
- County:
- Plymouth
- Postal Code:
- 02301
- Longitude:
- W72° 58' 38.2''
- Latitude:
- N42° 4' 57.3''
Residential Income
162 Warren Ave, Brockton, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,500,000
- Bedrooms :
- 36
- Rooms :
- 54
- Total Bathrooms :
- 12
- Full Bathrooms :
- 12
- Square Footage :
- 12,432 Sqft
- Year Built :
- 1890
- Lot Area :
- 0.17 Acre
- Listing ID :
- 73513906
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com