Turnkey Four-Unit Residential
115-117 Mechanic Clinton, MA 01510
115-117 Mechanic, Clinton, MA, 01510
$1,400,000
For Sale
$1,400,000
Four fully restored 2-bedroom residences with in-unit laundry hookups, refined interiors, and off-street parking.
Property Size4,649 SF
Price / SF$301.14
Days on Market74
Property Features for 115-117 Mechanic
General Information
- Standard status
- Active
- Size
- 4,649 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
REMAX Executive Realty
Listed by
The Journey Group
(617) 731-4644
Source
Hammondre
Added: May 9 Updated: Jul 21 at 1:53PM Checked: Jul 21 at 1:53PM
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 four-unit quadplex has been thoughtfully restored and offers turnkey, ready-for-tenants residential income. The property features four 2-bedroom, 1-bath apartments with refinshed hardwood floors, new energy-efficient windows, and open-concept layouts. Kitchens are updated with stainless appliances and Carrara quartz countertops, paired with contemporary finishes throughout. Each unit includes in-unit laundry hookups, high-efficiency heating and cooling, secure basement storage, and a full bath with tile flooring, quality fixtures, and modern lighting. Unit sizes are 1,362 sq ft, 1,355 sq ft, 1,014 sq ft, and 918 sq ft.
The building is located in the heart of downtown, with walkable access to restaurants and shopping, and it is described as just steps to Central Park.
Off-street parking is available for two vehicles per apartment, supporting convenient daily use for tenants.
The building is located in the heart of downtown, with walkable access to restaurants and shopping, and it is described as just steps to Central Park.
Off-street parking is available for two vehicles per apartment, supporting convenient daily use for tenants.
Key Highlights
- Converted former WWII Sherman Tank display site into four fully restored 2‑bedroom, 1‑bath residences
- Unit sizes: 1,362 SF, 1,355 SF, 1,014 SF, and 918 SF
- Refinished hardwood floors, new energy‑efficient windows, and open‑concept layouts
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 4.49%
Second Best
Apartment 5plus
$781.3K
$683.6K – $911.5K
NOI $54,691 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,130 @ 7.0% cap · market cap 7.94%
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 residences with in-unit laundry hookups, refined interiors, 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 $1,400,000.
What are key features of this property?
This property features: Converted former WWII Sherman Tank display site into four fully restored 2‑bedroom, 1‑bath residences; Unit sizes: 1,362 SF, 1,355 SF, 1,014 SF, and 918 SF; Refinished hardwood floors, new energy‑efficient windows, and open‑concept layouts
