Harvard Ave Apartments — Sale in Brookline, MA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brookline, MA 02446

Photos

Harvard Ave Apartments — Sale in Brookline, MA, photo 1 of 3
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Investment Figures

Cap rate
5.10%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is excited to present the Harvard Avenue Apartments located in Brookline, MA. The legacy building features 24 apartments including 20 one-bedrooms, 3 studios and 1 two-bedroom apartments. The building also includes 42 off-street parking spaces, on-site laundry facility. The three-section building has a newer gas fired boiler FHW system with a flat rubber roof. The apartments feature hardwood floors, tile bathrooms, white kitchen cabinetry and appliances. Heat and hot water are included, tenants are responsible for electricity. The roof and windows were replaced in 2014, the gas boiler in 2021, and several units that have been updated, leaving upside for buyers to continue to improve the units and raise the rents accordingly. Investment Highlights: • 24-unit Apartment Complex with 42-Parking spaces located in Brookline, MA • Featuring (20) one-bedrooms, (3) studios and (1) two-bedroom apartment • The flat rubber roof and metal windows were replaced in 2014 and the gas boiler in 2021

Market Context

This multifamily in Brookline, MA is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Brookline, MA — view the full market.

As of Q1 2026, the Boston multifamily market showed average asking rents near $2966.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

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