Three-Unit Property with
For Sale
$699,000
310 Blackstone St, Uxbridge, MA 01569
Three residential units offer consistent layouts with private outdoor spaces and shared off-street parking.
Property Size4,047 SF
Price / SF$172.72
Days on Market76
Property Features for 310 Blackstone St
General Information
Standard status
Active
Size
4,047 SF
Total Parking Spaces
17
Property subtype
Multi-Family
Zoning
RC
Net Operating Income
$24,600
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,995
Amenities
sun porch
private deck
solar panel array
Building Details
Building Size
4,047 SF
Year Built
1880
Stories
3
Listing Agency:
SR Commercial Realty
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 17
Changed: Aug 30
Last Checked: Aug 30 at 1:50PM
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 SR Commercial Realty
Investment Insights
Based on property information with market context.
Located at 310 Blackstone St in Uxbridge, this three-unit residential property contains 4,047 square feet and was built in 1880. Each unit includes 3 bedrooms, 1 bath, a sun porch, and a private deck. The property is situated on over 1 acre with a level lot and zoning designated RC.
A detached two-car garage adds loft space that can support storage, a workshop, studio, or hobby area. Generous off-street parking serves the property, while a solar panel array is also included. The combination of three similarly configured units, substantial land, accessory garage space, and established residential improvements defines the offering.
A detached two-car garage adds loft space that can support storage, a workshop, studio, or hobby area. Generous off-street parking serves the property, while a solar panel array is also included. The combination of three similarly configured units, substantial land, accessory garage space, and established residential improvements defines the offering.
Key Highlights
- Three units, each with 3 bedrooms, 1 bath, a sun porch, and a private deck
- 4,047‑square‑foot property built in 1880
- Situated on over 1 acre with a level lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,706
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,094,120
$1.1M
Cap Rate 7%
$781,514
$781.5K
Cap Rate 9%
$607,844
$607.8K
Market Conditions
NOI Build-Up for 4,047 SF
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.
Gross rent
$80.1K $19.80/SF
− Vacancy
−$2.0K −$0.49/SF
EGI
$78.2K $19.31/SF
− OpEx
−$23.4K −$5.79/SF
NOI
$54.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,094,120
Cap Rate 7%
$781,514
Cap Rate 9%
$607,844
Alternative Uses
Best Use
Multifamily LT 5
$781.5K
$683.8K – $911.8K
NOI $54,706 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$680.1K
$595.1K – $793.5K
NOI $47,609 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,739 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 01569, MA
14,193
Population
5,523
Households
2.6
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
29.4 sq mi
ZIP Area
483
Density / Sq Mi
$122,458
Median Household Income
$61,245
Median Earnings
$1,480
Median Rent
$417,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer consistent layouts with private outdoor spaces and shared off-street parking.
Where is this triplex located?
The property is located at 310 Blackstone St Uxbridge, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three units, each with 3 bedrooms, 1 bath, a sun porch, and a private deck; 4,047‑square‑foot property built in 1880; Situated on over 1 acre with a level lot
