Corner Lot Multifamily
2-12 Chace Street Clinton, MA 01510
2-12 Chace Street, Clinton, MA, 01510
$1,650,000
For Sale
$1,650,000
Six-unit multifamily with two two-bedroom and four one-bedroom units, plus off-street parking.
Property Size4,986 SF
Price / SF$330.93
Days on Market151
Property Features for 2-12 Chace Street
General Information
- Standard status
- Active
- Size
- 4,986 SF
- Property subtype
- Multi-family / 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Yannios R E Investment Sales
(781) 224-0081
Listed by
James Yannios · License #9052901
(781) 224-0081
Source
Compass
Added: Feb 20 Updated: Jul 21 at 3:42AM Checked: Jul 21 at 3:42AM
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 Yannios R E Investment Sales
Investment Insights
Based on property information with market context.
This six-unit multifamily property is situated on a corner lot and is structured with two two-bedroom units and four one-bedroom units. The units are described as spacious, and updates have been completed over the years. Tenant-paid utilities and off-street parking are included as part of the operating setup.
The offering is for sale in Clinton, Massachusetts, and is described as being in a good location within a great neighborhood.
The building configuration provides a mix of unit sizes, with a total of six residential apartments and off-street parking available for occupants.
The offering is for sale in Clinton, Massachusetts, and is described as being in a good location within a great neighborhood.
The building configuration provides a mix of unit sizes, with a total of six residential apartments and off-street parking available for occupants.
Key Highlights
- 6‑unit multifamily on a corner lot with off‑street parking
- Unit mix: two 2‑bedroom units and four 1‑bedroom units
- Tenant‑paid utilities
Local Financial Insights For Apartment 5plus
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 | $109.5k | $21.96 |
| − Vacancy | −$2.8k | −$0.57 |
| EGI | $106.6k | $21.39 |
| − OpEx | −$48.0k | −$9.63 |
| NOI | $58.7k | $11.76 |
4,986 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$837.9K
$733.2K – $977.6K
NOI $58,655 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,185 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six-unit multifamily with two two-bedroom and four one-bedroom units, plus off-street parking.
Where is this apartment building located?
The property is located at 2-12 Chace Street Clinton, MA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6‑unit multifamily on a corner lot with off‑street parking; Unit mix: two 2‑bedroom units and four 1‑bedroom units; Tenant‑paid utilities
