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16 Garrison Rd APT 7A, Brookline, MA, 02445

5beds
2baths
1,413sqft
$840,000
$594price/sqft
$5,425/moest. monthly cost
$217,000/yrincome needed

About This Home

High-yield, turnkey investment opportunity in Brookline's coveted Washington Square! Tenants are in place paying $5,275 per month, offering a 5.5%+ cap rate, immediate cash flow, and long-term appreciation potential. This spacious 5-bedroom, 2-bath residence features a renovated open-concept kitchen with granite countertops, stainless steel appliances, abundant cabinetry, and two updated bathrooms, including one with a walk-in shower. Hardwood floors, generously sized bedrooms, in-unit laundry, and bike storage add to the appeal. The professionally managed 8-unit association has completed major improvements, including a new roof in 2020 and a boiler replacement in 2016. Some of the photos are ai enhanced. Set on a quiet, tree-lined side street just steps from restaurants, cafés, shops, Star Market, parks, Coolidge Corner, and Cleveland Circle. Located less than a quarter mile from the Green Line and bus routes, with convenient access to Longwood Medical Area, downtown Boston, universities, and major highways. An exceptional opportunity for investors and future owner-occupants alike.

Getting Around

75
WalkingVery Walkable
69
TransitGood Transit
54
BikeBikeable

Schools

8/10
John D Runkle SchoolGrades PK-80.4 mi
8/10
Brookline High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1915

Materials

  • Roof: Rubber
  • Construction materials: Frame

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer
  • Laundry features: In Unit,Electric Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Internet Available - Unknown
  • Flooring: Wood,Tile
  • Finished area above ground: 1,413

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,413
  • Total interior livable area: 1,413 sqft

Master Bathroom

  • Features: No

Property

Accessibility

  • Accessibility features: No

Details

  • Parcel number: 37498
  • Zoning: RES

Features

  • Entry location: Unit Placement(Garden)

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,247$50,964
Home Insurance *$110$1,320
Property Taxes $714$8,568
Electricity $354$4,259
Total$5,425$65,100
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$186,000/yr
40% on housing$162,750/yr
45% on housing$144,666/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$594This listing

vs Other Active Listings

Avg $/sqft

ZIP 02445$759
Norfolk County$448

vs Homes Sold Last Month

Median $/sqft

ZIP 02445$803
Norfolk County$427

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-31Listed for sale$840,000

For Sale by Agent

AgentIrina Spiegel
BrokerageColdwell Banker Realty - Brookline

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