Updated Four-Family Residential
125 Grove Street Clinton, MA 01510
125 Grove Street, Clinton, MA, 01510
$990,000
For Sale
$990,000
Four fully occupied units offer in-unit washer and dryer hookups, with 2019 renovations and updated energy-efficient windows and insulation.
Property Size3,716 SF
Price / SF$266.42
Days on Market104
Property Features for 125 Grove Street
General Information
- Standard status
- Active
- Size
- 3,716 SF
- Property subtype
- Multi-family / 4 Family - 4 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Daniel Patrick Real Estate LLC
(508) 925-0433
Listed by
Dan Levesque · License #9516130
(508) 925-0433
Source
Compass
Added: Apr 9 Updated: Jul 20 at 9:42PM Checked: Jul 21 at 6:11AM
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 Daniel Patrick Real Estate LLC
Investment Insights
Based on property information with market context.
This updated four-family residential building is fully occupied and configured with three spacious 3-bedroom units across the first, second, and third floors, plus a separate 2-bedroom ground-level unit. Renovations completed in 2019 included updated energy-efficient windows and insulation, and each apartment includes in-unit washer and dryer hookups. The ground-level unit features a brand-new gas hot air furnace installed in October 2024.
The property offers tenant access to a spacious yard with a greenhouse, plentiful off-street parking, and outdoor space that includes a large balcony with views overlooking the dam. The building is located just minutes from downtown Clinton, with nearby natural surroundings described as being near the Wachusett Reservoir.
From an operational standpoint, the unit mix and residential improvements support a turn-key income-focused setup for either investors or owner-occupants.
The property offers tenant access to a spacious yard with a greenhouse, plentiful off-street parking, and outdoor space that includes a large balcony with views overlooking the dam. The building is located just minutes from downtown Clinton, with nearby natural surroundings described as being near the Wachusett Reservoir.
From an operational standpoint, the unit mix and residential improvements support a turn-key income-focused setup for either investors or owner-occupants.
Key Highlights
- Fully occupied 4‑family property with three 3‑bedroom units plus one 2‑bedroom ground‑level unit
- Renovated in 2019 with upgraded energy‑efficient windows and insulation
- In‑unit washer and dryer hookups for each apartment
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 | $73.6k | $19.80 |
| − Vacancy | −$1.8k | −$0.49 |
| EGI | $71.8k | $19.31 |
| − OpEx | −$21.5k | −$5.79 |
| NOI | $50.2k | $13.52 |
3,716 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$717.6K
$627.9K – $837.2K
NOI $50,232 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$624.5K
$546.4K – $728.6K
NOI $43,715 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,827 @ 7.0% cap · market cap 8.97%
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 occupied units offer in-unit washer and dryer hookups, with 2019 renovations and updated energy-efficient windows and insulation.
Where is this quadplex located?
The property is located at 125 Grove Street Clinton, MA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Fully occupied 4‑family property with three 3‑bedroom units plus one 2‑bedroom ground‑level unit; Renovated in 2019 with upgraded energy‑efficient windows and insulation; In‑unit washer and dryer hookups for each apartment
