February 28, 2025 – Jason Kulik and Sam Peck of Horvath & Tremblay have successfully completed the sale of a 7-unit multi-Family property in Brockton, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,050,000.
285 W Elm Street is a multi-family building in Brockton, Massachusetts. The Property consists of a three-story building containing seven (7) residential units comprised of five (5), 1-Bedroom/1-Bathroom units, one (1), 2-Bedroom/1-Bathroom units, and one (1) 3-Bedroom/1-Bathroom unit with 4,839 square feet of living area in 6,874 total gross square feet on a 0.16-acre corner parcel of land. The Property features six (6) on-site parking spaces available for tenants. In-place rents are significantly below the current market rates; the opportunity exists to increase income via programmatic updates to the unrenovated units, common areas and exteriors to drive rental rates in an urban-infill, high demand/supply constrained residential market. 285 W Elm Street is well-located in a renter-dominated market and well-maintained with low historical vacancy. There is a limited supply of multi-family property in Plymouth County with a high demand for rental units. The Property is situated on the west side of Brockton and is 0.9-miles from the Brockton MBTA Commuter Rail station. The location offers tenants convenient access to area shopping (Walmart, Market Basket, Shaw’s, Aldi, Walgreens, CVS) several options for restaurants and bars, and convenient access to the area’s major roadways. The Property is also close to several area schools including Brockton High School and Massasoit Community College.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.