Extraordinary opportunity to own a turn key 12-unit investment property in Brookline, one of Boston’s premier rental markets. Excellent condition, strong income, with several units currently below market. Located in a picturesque and vibrant neighborhood, 5 minute walk to Brookline Hills T stop (D line), close to Brookline Village, Longwood Medical, Lincoln Elementary, Olmsted Park and all amenities. Neighborhood parks, coffee shops, grocery store and restaurants all within 1-2 blocks. Charming landscaped courtyard adds to tenant appeal. 6 one-bedrooms and 6 two-bedrooms, 5 with wood floors and 5 with new stainless appliances, all are updated and have wall AC’s. Storage units for each apartment in basement, 4 new hot water heaters, top-of-the-line Veissmann boiler and 3 sets of coin operated laundry. Truly a rare chance to acquire a meticulously maintained income property of this size in Brookline.
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Last Updated: May 7th, 2024 at 6:17am
General Information for 18-20 Roberts St, Brookline, Massachusetts 02445
Property TypeCommercial Sale
Property Sub TypeMulti Family
Price$4,975,000
Price per sqft$0
MLS #73157322
Handicap Access / FeaturesNo
List Date2023-09-01
Special Listing Conditions
StateMassachusetts
Street NameRoberts St
CityBrookline
Zip Code02445
CountyNorfolk
MLS Status
Covered Parking Spaces
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area Source
Building Area Total
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces
Listing Service
UnparsedAddress18-20 Roberts St, Brookline MA 02445
Zoning
Interior Features for 18-20 Roberts St, Brookline, Massachusetts 02445
* Approx. Living Area Total0 sq ft
Living Area Includes Basement
Bedrooms0
* # Fireplaces0
Bathrooms (Total)0
Full Baths
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes Basement
Door Features
ElectricNo
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_1
MLSPIN_BEDRMS_2
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_1
MLSPIN_F_BTHS_2
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_1
MLSPIN_H_BTHS_2
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate22/11/2023
Exterior Features for 18-20 Roberts St, Brookline, Massachusetts 02445
* Approximate Lot Size0.17 acres
Covered Parking Spaces
Lot Features
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1850
Year Built Details
Year Built Source
Construction Materials
Exterior Features
Foundation Area
Foundation Materials
Approx. Street Frontage65.00
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)7,305 Sqft
Disclosures for 18-20 Roberts St, Brookline, Massachusetts 02445
Buyer Agent Compensation2%
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Living Area Disclosure
Living Area Includes Basement
Facilitator Compensation1%
TransactionBrokerCompensationType%
BuyerAgencyCompensationType%
Financial Information for 18-20 Roberts St, Brookline, Massachusetts 02445
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$333,888
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_1
MLSPIN_LEVELS_2
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT1
MLSPIN_RENT2
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$245,225
OperatingExpense$88,663
OriginalListPrice$5,250,000
RENT_FEE_INCLUDES
TOTAL_RENT
WaterSewerExpense$0
Lifestyle Information for 18-20 Roberts St, Brookline, Massachusetts 02445
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 18-20 Roberts St, Brookline, Massachusetts 02445
Elementary School
Middle School
High School
NumberOfUnitsTotal
Marketing History for 18-20 Roberts St, Brookline, Massachusetts 02445
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 18-20 Roberts St, Brookline, Massachusetts 02445