Renovated Four-Unit
3 Oak Street, Clinton, MA 01510
For Sale
New
$899,999
One vacant apartment offers flexibility for occupancy or leasing, alongside three units with long-term tenants.
Property Size3,788 SF
Price / SF$237.59
Days on Market5
Property Features for 3 Oak Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Gross Income
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
eXp Realty LLC
Listed By:
Candor Investment Group
(978) 710-5616
Source:
Inrealtyinc
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:14PM
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 eXp Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,788-square-foot quadplex in Clinton was built in 1900 and has four renovated apartments. Improvements include updated flooring, fresh paint, new appliances, and new heating systems. The property also has a new exterior deck and stairs.
Three of the four units are occupied by long-term tenants; the remaining apartment is vacant and available for occupancy or leasing. Tenants pay their own utilities.
Three of the four units are occupied by long-term tenants; the remaining apartment is vacant and available for occupancy or leasing. Tenants pay their own utilities.
Key Highlights
- Four‑unit multifamily property totaling 3,788 square feet
- All four apartments renovated with new flooring, paint, appliances, and heating systems
- Three units occupied by long‑term tenants; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,205
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,100
$1.0M
Cap Rate 7%
$731,500
$731.5K
Cap Rate 9%
$568,944
$568.9K
Market Conditions
NOI Build-Up for 3,788 SF
Gross rent
$75.0K $19.80/SF
− Vacancy
−$1.9K −$0.49/SF
EGI
$73.1K $19.31/SF
− OpEx
−$21.9K −$5.79/SF
NOI
$51.2K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,100
Cap Rate 7%
$731,500
Cap Rate 9%
$568,944
Alternative Uses
Best Use
Multifamily LT 5
$731.5K
$640.1K – $853.4K
NOI $51,205 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$636.6K
$557.0K – $742.7K
NOI $44,562 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,548 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 01510, MA
15,428
Population
7,017
Households
2.2
Avg Household Size
39
Median Age
35%
College-Educated
91%
High-School Grad
5.7 sq mi
ZIP Area
2,707
Density / Sq Mi
$93,849
Median Household Income
$49,815
Median Earnings
$1,353
Median Rent
$348,000
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Worcester County, MA
Properties on Market for Quadplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - One vacant apartment offers flexibility for occupancy or leasing, alongside three units with long-term tenants.
Where is this quadplex located?
The property is located at 3 Oak Street Clinton, MA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Four‑unit multifamily property totaling 3,788 square feet; All four apartments renovated with new flooring, paint, appliances, and heating systems; Three units occupied by long‑term tenants; one unit vacant
