Turnkey Quadplex with Off-Street
115-117 Mechanic Clinton, MA 01510
115-117 Mechanic, Clinton, MA, 01510
$1,300,000
For Sale
$1,300,000
Four fully restored 2-bedroom apartments with in-unit laundry hookups, secure basement storage, and off-street parking.
Property Size4,649 SF
Price / SF$279.63
Days on Market50
Property Features for 115-117 Mechanic
General Information
- Standard status
- Active
- Size
- 4,649 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
REMAX Executive Realty
(978) 807-7784
Listed by
The Journey Group
Source
Classifiedrealtygroup
Added: Jun 2 Updated: Jul 21 at 6:46AM Checked: Jul 21 at 6:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX Executive Realty
Investment Insights
Based on property information with market context.
This turnkey quadplex has been thoughtfully transformed into four brand-new, fully restored residences. The property features four 2-bedroom, 1-bath apartments with refinished hardwood floors and new energy-efficient windows, along with inviting open-concept layouts. Kitchens include stainless appliances and Carrara quartz countertops, complemented by contemporary finishes. Each unit offers two generous bedrooms, a full bath with tile flooring and quality fixtures, modern lighting, and high-efficiency heating and cooling. In-unit laundry hookups and secure basement storage are provided for each apartment, and there is off-street parking for two vehicles per unit.
Located in the heart of downtown, the property is just steps to restaurants and shopping, and close to Central Park.
Located in the heart of downtown, the property is just steps to restaurants and shopping, and close to Central Park.
Key Highlights
- Four fully restored 2‑bedroom, 1‑bath apartments (Year built: 1900), with unit sizes of 1,362 SF, 1,355 SF, 1,014 SF, and 918 SF.
- Open‑concept layouts with refinished hardwood floors, new energy‑efficient windows, and modern lighting throughout.
- Kitchens include stainless appliances and Carrara quartz countertops with contemporary finishes.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.1k | $19.80 |
| − Vacancy | −$2.3k | −$0.49 |
| EGI | $89.8k | $19.31 |
| − OpEx | −$26.9k | −$5.79 |
| NOI | $62.8k | $13.52 |
4,649 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$897.8K
$785.6K – $1.05M
NOI $62,844 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$781.3K
$683.6K – $911.5K
NOI $54,691 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,130 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four fully restored 2-bedroom apartments with in-unit laundry hookups, secure basement storage, and off-street parking.
Where is this quadplex located?
The property is located at 115-117 Mechanic Clinton, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four fully restored 2‑bedroom, 1‑bath apartments (Year built: 1900), with unit sizes of 1,362 SF, 1,355 SF, 1,014 SF, and 918 SF.; Open‑concept layouts with refinished hardwood floors, new energy‑efficient windows, and modern lighting throughout.; Kitchens include stainless appliances and Carrara quartz countertops with contemporary finishes.
