Three-Family with Coin-Op
28 Richmond St Blackstone, MA 01504
New
28 Richmond St, Blackstone, MA, 01504
$639,900
For Sale
$639,900
MULTI_FAMILY - Blackstone, MA
Property Size3,226 SF
Lot Size0.11 Acres
Price / SF$198.36
Days on Market3
Property Features for 28 Richmond St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 9, Bedroom 1, Bedroom 8, Bathroom 1, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 2
- Parking
- 5
- Standard status
- Active
- APN
- M:0001 B:0000 L:13,3445616
- Size
- 3,226 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4764
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
Listing Agency
Keller Williams Elite
(508) 528-1000
1000 Franklin Village Dr, Suite106, Franklin, MA
Listed by
Jennifer Hoyt
(508) 695-4545
Added: Jul 15 Checked: Jul 17 at 8:06 am
MLS# 73550462
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 28 Richmond St in Blackstone, this well-maintained three-family property offers three separate units in a practical income-producing layout. The building includes updated units with spacious layouts and attractive finishes, along with coin-operated laundry in the basement.
The property is configured with separate utilities, with tenants paying the majority of utility expenses. Additional features include ample off-street parking and low-maintenance vinyl siding.
With existing rental income currently exceeding $5,100 per month, this multi-family offering is positioned for investors or owner-occupants seeking an immediately income-generating property. Conveniently located near shopping, restaurants, schools, parks, and major commuter routes, the home supports everyday tenant convenience.
The property is configured with separate utilities, with tenants paying the majority of utility expenses. Additional features include ample off-street parking and low-maintenance vinyl siding.
With existing rental income currently exceeding $5,100 per month, this multi-family offering is positioned for investors or owner-occupants seeking an immediately income-generating property. Conveniently located near shopping, restaurants, schools, parks, and major commuter routes, the home supports everyday tenant convenience.
Key Highlights
- Three‑family property built in 1900
- Generates over $5,100 per month in rental income
- Unit layout includes 9 bedrooms and 3 bathrooms (Bedrooms 1–9, Bathrooms 1–3)
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 | $63.9k | $19.80 |
| − Vacancy | −$1.6k | −$0.49 |
| EGI | $62.3k | $19.31 |
| − OpEx | −$18.7k | −$5.79 |
| NOI | $43.6k | $13.52 |
3,226 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$623.0K
$545.1K – $726.8K
NOI $43,608 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$542.2K
$474.4K – $632.5K
NOI $37,951 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.10M
$963.9K – $1.29M
NOI $77,114 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family property with coin-operated basement laundry, separate utilities, and ample off-street parking.
Where is this triplex located?
The property is located at 28 Richmond St Blackstone, MA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Three‑family property built in 1900; Generates over $5,100 per month in rental income; Unit layout includes 9 bedrooms and 3 bathrooms (Bedrooms 1–9, Bathrooms 1–3)
