Renovated Three-Unit
51 Dean St, Warren, MA 01092
For Sale
New
$475,000
Three apartments offer a flexible bedroom mix, with town water and sewer and off-street parking.
Property Size2,973 SF
Lot Size0.53 Acres
Price / SF$159.77
Days on Market2
Property Features for 51 Dean St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Rain Gutters
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
OnNest Real Estate LLC
Listed By:
Regina Gariepy
(508) 232-1684
Source:
Condonrealty
Added: Nov 6
Last Checked: Nov 7 at 9:25AM
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 OnNest Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated triplex contains three apartments: two with three bedrooms and one bathroom each, plus a one-bedroom, one-bath unit. The upper apartment has mini-split systems for heating and air conditioning; the other two use gas-fired hot-water heat. The building was constructed in 1920 and has 2,973 square feet of space.
The property occupies approximately 0.53 acres at 51 Dean St in Warren, Massachusetts, near Dean Park. Town water and sewer serve the site, and a paved driveway provides off-street parking. Zoning is VIL.
The property occupies approximately 0.53 acres at 51 Dean St in Warren, Massachusetts, near Dean Park. Town water and sewer serve the site, and a paved driveway provides off-street parking. Zoning is VIL.
Key Highlights
- Three units: two 3‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
- 2,973 square feet; built in 1920
- Approximately 0.53 acres near Dean Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,188
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,760
$803.8K
Cap Rate 7%
$574,114
$574.1K
Cap Rate 9%
$446,533
$446.5K
Market Conditions
NOI Build-Up for 2,973 SF
Gross rent
$58.9K $19.80/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$57.4K $19.31/SF
− OpEx
−$17.2K −$5.79/SF
NOI
$40.2K $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%
$803,760
Cap Rate 7%
$574,114
Cap Rate 9%
$446,533
Alternative Uses
Best Use
Multifamily LT 5
$574.1K
$502.4K – $669.8K
NOI $40,188 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$499.6K
$437.2K – $582.9K
NOI $34,974 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$1.02M
$888.3K – $1.18M
NOI $71,067 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 01092, MA
1,343
Population
637
Households
2.1
Avg Household Size
42
Median Age
40%
College-Educated
100%
High-School Grad
6.7 sq mi
ZIP Area
200
Density / Sq Mi
$70,938
Median Household Income
$66,012
Median Earnings
$875
Median Rent
$326,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Worcester County, MA
Properties on Market for Triplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer a flexible bedroom mix, with town water and sewer and off-street parking.
Where is this triplex located?
The property is located at 51 Dean St Warren, MA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three units: two 3‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment; 2,973 square feet; built in 1920; Approximately 0.53 acres near Dean Park
