Renovated Three-Unit Triplex with Basement
New
For Sale
$549,000
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
Price / SF$207.01
Days on Market5
Property Features for 5-7 Oak St
General Information
Standard status
Active
Size
2,652 SF
Property subtype
3 Family
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
(508) 223-7583
Listed By:
TEAM Metrowest
(508) 223-7583
Source:
Lockandkeyre
Added: Jul 26
Changed: Jul 29
Last Checked: Jul 30 at 5:27AM
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 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 | $52.5k | $19.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $51.2k | $19.31 |
| − OpEx | −$15.4k | −$5.79 |
| NOI | $35.8k | $13.52 |
2,652 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
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
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
363
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
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-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
