Two-Family Residential
190 Grove St Clinton, MA 01510
190 Grove St, Clinton, MA, 01510
$399,900
Pending
For Sale
$399,900
Pending
Two-family property with updated electrical and 8 bedrooms and 3 bathrooms, sold as-is with an additional lot.
Property Size1,620 SF
Days on Market57
Property Features for 190 Grove St
General Information
- Standard status
- Pending
- Size
- 1,620 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
LeRoux Realty Group
(508) 847-2321
Listed by
Dennis Leroux
(508) 847-2321
Source
Lockandkeyre
Added: May 27 Updated: Jul 21 at 9:17PM Checked: Jul 21 at 9:17PM
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 LeRoux Realty Group
Investment Insights
Based on property information with market context.
This large two-family residential income property is configured with 8 bedrooms and 3 bathrooms and includes updated electrical work. The offering includes an additional lot, and the property is being sold as-is, with buyers encouraged to perform their own due diligence regarding use and development potential.
The home is described in the remarks as being near the Wachusett Reservoir with water views and direct access for kayaking, boating, fishing, and winter recreation.
The current configuration supports multiple occupancy arrangements, and the included additional lot provides room for future development as allowed by applicable requirements.
The home is described in the remarks as being near the Wachusett Reservoir with water views and direct access for kayaking, boating, fishing, and winter recreation.
The current configuration supports multiple occupancy arrangements, and the included additional lot provides room for future development as allowed by applicable requirements.
Key Highlights
- Two‑family property built in 1900
- Currently configured with 8 bedrooms and 3 bathrooms
- Updated electrical work
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 | $32.1k | $19.80 |
| − Vacancy | −$792 | −$0.49 |
| EGI | $31.3k | $19.31 |
| − OpEx | −$9.4k | −$5.79 |
| NOI | $21.9k | $13.52 |
1,620 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$312.8K
$273.7K – $365.0K
NOI $21,899 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$272.3K
$238.2K – $317.6K
NOI $19,058 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$553.2K
$484.1K – $645.4K
NOI $38,724 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property with updated electrical and 8 bedrooms and 3 bathrooms, sold as-is with an additional lot.
Where is this duplex located?
The property is located at 190 Grove St Clinton, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑family property built in 1900; Currently configured with 8 bedrooms and 3 bathrooms; Updated electrical work
