Renovated Three-Unit Triplex with Basement
For Sale
$549,000
Pending
5-7 Oak St, Clinton, MA 01510
Three-family triplex offers a three-level 3-bedroom owner unit plus a 2-bedroom and a 1-bedroom rental unit.
Property Size2,652 SF
Days on Market51
Property Features for 5-7 Oak St
General Information
Standard status
Pending
Size
2,652 SF
Property subtype
3 Family
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
(508) 655-1211
Listed By:
TEAM Metrowest
(508) 223-7583
Source:
Lockandkeyre
Added: Jul 26
Changed: Sep 13
Last Checked: Sep 13 at 9:18AM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
Investment Insights
Based on property information with market context.
This renovated three-unit triplex is set up for flexible living and income. The 3-bedroom owner’s unit offers three levels of living space with a private front porch, basement storage, and a laundry hook-up in the bathroom. Newer updates include new electrical service and a new gas line. Two additional apartments round out the property: a 2-bedroom apartment and a 1-bedroom apartment, each with a living room, kitchen, and full bath.
Major capital improvements include a new roof, two new furnaces, and many new windows. Built in 1900, the home provides a renovated foundation while supporting both owner-occupant and investor use.
The property is conveniently located just minutes from downtown Clinton, local shops and restaurants, Central Park, and Wachusett Reservoir and Dam.
Major capital improvements include a new roof, two new furnaces, and many new windows. Built in 1900, the home provides a renovated foundation while supporting both owner-occupant and investor use.
The property is conveniently located just minutes from downtown Clinton, local shops and restaurants, Central Park, and Wachusett Reservoir and Dam.
Key Highlights
- Renovated three‑unit triplex with a 3‑bedroom owner’s unit plus two rental units
- Owner’s unit spans three levels and includes a private front porch and basement storage
- Owner’s unit laundry hook‑up, new electrical service, and new gas line
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
$35,849
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
6.53%
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%
$716,980
$717.0K
Cap Rate 7%
$512,129
$512.1K
Cap Rate 9%
$398,322
$398.3K
Market Conditions
NOI Build-Up for 2,652 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
$52.5K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$51.2K $19.31/SF
− OpEx
−$15.4K −$5.79/SF
NOI
$35.8K $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%
$716,980
Cap Rate 7%
$512,129
Cap Rate 9%
$398,322
Alternative Uses
Best Use
Multifamily LT 5
$512.1K
$448.1K – $597.5K
NOI $35,849 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$445.7K
$390.0K – $520.0K
NOI $31,198 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$905.6K
$792.4K – $1.06M
NOI $63,393 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family triplex offers a three-level 3-bedroom owner unit plus a 2-bedroom and a 1-bedroom rental unit.
Where is this triplex located?
The property is located at 5-7 Oak St Clinton, MA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Renovated three‑unit triplex with a 3‑bedroom owner’s unit plus two rental units; Owner’s unit spans three levels and includes a private front porch and basement storage; Owner’s unit laundry hook‑up, new electrical service, and new gas line
