162 Warren Ave Brockton, MA 02301
Estimated payment $16,107/month
About This Home
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 Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,596
Year Built
- Built in 1890
Lot Details
- 7,222 Sq Ft Lot
- Level Lot
Interior Spaces
- 12,432 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Parking
- 3 Open Parking Spaces
- 3 Car Parking Spaces
Utilities
- 100 Amp Service
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number M:091 R:019 S:,961498
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,596 | $1,453,000 | $208,700 | $1,244,300 |
| 2024 | $17,465 | $1,453,000 | $208,700 | $1,244,300 |
| 2023 | $17,652 | $1,359,900 | $199,200 | $1,160,700 |
| 2022 | $17,159 | $1,228,300 | $199,200 | $1,029,100 |
| 2021 | $15,775 | $1,087,900 | $189,800 | $898,100 |
| 2020 | $16,570 | $1,093,700 | $106,700 | $987,000 |
| 2019 | $16,278 | $1,047,500 | $106,700 | $940,800 |
| 2018 | $14,902 | $1,024,200 | $106,700 | $917,500 |
| 2017 | $14,902 | $925,600 | $106,700 | $818,900 |
| 2016 | $15,437 | $889,200 | $106,680 | $782,520 |
| 2015 | $14,671 | $808,300 | $106,680 | $701,620 |
| 2014 | $14,654 | $808,300 | $106,680 | $701,620 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/06/2026 01/06/26 | For Sale | $2,800,000 | 0.0% | $225 / Sq Ft |
| 11/18/2025 11/18/25 | Off Market | $2,800,000 | -- | -- |
| 10/16/2025 10/16/25 | For Sale | $2,800,000 | -- | $225 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,400,000 | None Available | |
| Quit Claim Deed | $1,115,000 | -- | |
| Not Resolvable | $1,115,000 | -- | |
| Deed | $635,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,200,000 | Purchase Money Mortgage | |
| Previous Owner | $835,000 | Commercial | |
| Previous Owner | $730,000 | Commercial | |
| Previous Owner | $60,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73444455
APN: BROC-000091-000019
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