Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    125 Grove St Clinton, MA 01510

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    Contact for pricing

    Updated, fully occupied four-family property near downtown Clinton.

    Lot size:
    0.23 Acres

    Property Features for 125 Grove St

    General Information

    Property type
    Investment
    Standard status
    Pending
    Lot size
    0.23 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Dan Levesque
    Source: Elliman

    Listing Agent: Dan Levesque

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Updated Clinton Four-Family Property

    This updated and fully occupied four-family property is located just minutes from downtown Clinton. The building features three spacious 3-bedroom units on the first, second, and third floors, plus a cozy 2-bedroom ground-level unit. The property is suitable for investors or owner-occupants looking to generate rental income. Renovated in 2019, the building offers modern interiors and updated energy-efficient windows and insulation. Each apartment includes in-unit washer and dryer hookups. The ground floor unit features a new gas hot air furnace installed in October 2024. Tenants have access to a spacious yard with a greenhouse, plentiful off-street parking, and a large balcony with views overlooking the dam. The property is near the Wachusett Reservoir and is a short stroll to downtown Clinton’s shopping, dining, and entertainment.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6848833
    Latitude
    42.4106804

    Nearby Similar for Sale

    • Contact for pricing

      190,000 SF Industrial Building

      Industrial building with tailboard loading and significant paved area.
      20 Cameron St, Clinton, MA 02445
      View Details
    • Contact for pricing
      10,000 SF

      Clinton MA Commercial Building For Sale

      10,000 SF commercial building on 8+ acres in Clinton.
      1031 Main St, Clinton, MA 01510
      View Details
    • Contact for pricing

      Former Restaurant in Prime Location

      Commercial building in high-traffic area, suitable for various ventures.
      675 Main St, Clinton, MA 01510
      View Details
    • $549,000
      1,794 SF

      Clinton MA Auto Shop - Main St

      High-traffic location, 1794 sq ft auto shop
      678 Main St, Clinton, MA 01510
      View Details
    • $1,200,000
      2,178 SF

      Clinton Retail/Industrial Property

      High-traffic location, 2,178 sq ft, 80 parking spaces
      675 Main St, Clinton, MA 01510
      View Details
    • $549,900
      0.28 Acres

      Clinton Main Street Commercial Property

      High-Visibility Garage/Shop with Office
      678 Main St, Clinton, MA 01510
      View Details
    • $299,999
      0.21 Acres

      Prime Clinton Commercial Property

      High-traffic location, ideal for retail.
      382 Water St, Clinton, MA 01510
      View Details
    • $4,000,000
      196,000 SF

      Clinton, MA Warehouse - $4M

      Massive Industrial Warehouse, 196,000 SF
      20 Cameron St, Clinton, MA 01510
      View Details

    FAQs

    What type of property is this?
    Quadplex - Updated, fully occupied four-family property near downtown Clinton.
    Where is this quadplex located?
    The property is located at 125 Grove St Clinton, MA.
    What are key features of this property?
    This property features: - Fully occupied 4-family property generating rental income.; - Three spacious 3-bedroom units plus one 2-bedroom unit.; - Renovated in 2019 with modern interiors and energy-efficient windows and insulation.
    (508) 847-5515
    Request Owner's contact information
    125 Grove St Clinton, MA 01510
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    125 Grove St
    Clinton, MA 01510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    125 Grove St Clinton, MA 01510
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dan Levesque
    (508) 847-5515 (508) 925-0433
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!