Triplex with In-Unit
For Sale
$645,000
Pending
42-44 Pine St, Whitinsville, MA 01588
Three residential units provide varied layouts, multiple kitchens, private laundry, and substantial yard areas on a quiet street.
Property Size3,912 SF
Days on Market49
Property Features for 42-44 Pine St
General Information
Standard status
Pending
Size
3,912 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,425
Building Details
Building Size
3,912 SF
Year Built
1910
Stories
7
Units
3
Listing Agency:
Premeer Real Estate
Listed By:
Chris Whitten · License #453011256
(401) 527-1004
Source:
Elliman
Added: Aug 18
Changed: Sep 23
Last Checked: Oct 4 at 11:09AM
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 Premeer Real Estate
Investment Insights
Based on property information with market context.
This 1910 triplex contains three residential units with 11 total bedrooms and nearly 4,000 sqft of living area on 0.46 usable acres. The two upper units have matching five-bedroom, one-bath layouts with kitchens, dining rooms, living rooms, additional bedrooms, and sitting or den areas. A walkout lower-level unit includes a kitchen, living room, bathroom, bedroom, and bonus room. Each unit has in-unit laundry.
The property includes two separate driveways, a large backyard, and side yard. Existing improvements include an architectural shingled roof, replacement windows, hardwood flooring, public water and sewer, and natural gas service. The property is a couple of blocks from Church St and Hill St, with Whitin Community Center nearby. Providence and Worcester are approximately 20–25 minutes away.
The property includes two separate driveways, a large backyard, and side yard. Existing improvements include an architectural shingled roof, replacement windows, hardwood flooring, public water and sewer, and natural gas service. The property is a couple of blocks from Church St and Hill St, with Whitin Community Center nearby. Providence and Worcester are approximately 20–25 minutes away.
Key Highlights
- Three‑unit property with 11 total bedrooms
- Nearly 4,000 sqft of living area on 0.46 usable acres
- Two separate driveways, large backyard, and side yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,881
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,620
$1.1M
Cap Rate 7%
$755,443
$755.4K
Cap Rate 9%
$587,567
$587.6K
Market Conditions
NOI Build-Up for 3,912 SF
Gross rent
$77.5K $19.80/SF
− Vacancy
−$1.9K −$0.49/SF
EGI
$75.5K $19.31/SF
− OpEx
−$22.7K −$5.79/SF
NOI
$52.9K $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%
$1,057,620
Cap Rate 7%
$755,443
Cap Rate 9%
$587,567
Alternative Uses
Best Use
Multifamily LT 5
$755.4K
$661.0K – $881.4K
NOI $52,881 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$657.4K
$575.3K – $767.0K
NOI $46,021 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,512 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 01588, MA
10,106
Population
4,553
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
1,248
Density / Sq Mi
$88,735
Median Household Income
$50,855
Median Earnings
$1,263
Median Rent
$413,600
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 provide varied layouts, multiple kitchens, private laundry, and substantial yard areas on a quiet street.
Where is this triplex located?
The property is located at 42-44 Pine St Whitinsville, MA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Three‑unit property with 11 total bedrooms; Nearly 4,000 sqft of living area on 0.46 usable acres; Two separate driveways, large backyard, and side yard
