Shrewsbury Multi-Family
For Sale
$999,999
Pending
6 Selina, Shrewsbury, MA 01545
Rare multi-family property with bonus unit in desirable Shrewsbury neighborhood.
Property Size2,962 SF
Lot Size0.18 Acres
Days on Market266
Property Features for 6 Selina
General Information
Standard status
Pending
Size
2,962 SF
Lot size
0.18 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,664
Building Details
Building Size
2,962 SF
Year Built
1970
Stories
6
Units
3
Listing Agency:
The Hive Real Estate LLC
(860) 786-2854
Listed By:
Marco Epifani · License #RES.0811575
(860) 786-2854
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 13
Last Checked: Aug 20 at 11:08AM
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 The Hive Real Estate LLC
Investment Insights
Based on property information with market context.
Located in a desirable Shrewsbury neighborhood, this property features 3 spacious units and a bonus unit on the lower level. The property is set on a generous lot and includes a large garage with space for multiple vehicles or workshop use, along with a separate storage area. The property's location provides convenient access to highways, shopping, restaurants, and schools. This multi-family property offers flexibility for extended family, guests, or potential future value. It is suitable for investors seeking rental income or owner-occupants desiring extra space and earning potential.
Key Highlights
- Rare multi‑family property in a desirable Shrewsbury neighborhood.
- Features 3 spacious units plus a bonus unit, offering flexibility for various uses.
- Generous lot with a massive garage suitable for multiple vehicles or workshop.
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
$40,039
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
4.00%
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%
$800,780
$800.8K
Cap Rate 7%
$571,986
$572.0K
Cap Rate 9%
$444,878
$444.9K
Market Conditions
NOI Build-Up for 2,962 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
$58.6K $19.80/SF
− Vacancy
−$1.4K −$0.49/SF
EGI
$57.2K $19.31/SF
− OpEx
−$17.2K −$5.79/SF
NOI
$40.0K $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%
$800,780
Cap Rate 7%
$571,986
Cap Rate 9%
$444,878
Alternative Uses
Best Use
Multifamily LT 5
$572.0K
$500.5K – $667.3K
NOI $40,039 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$497.8K
$435.6K – $580.8K
NOI $34,845 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$1.01M
$885.1K – $1.18M
NOI $70,804 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 01545, MA
38,316
Population
15,318
Households
2.5
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
1,842
Density / Sq Mi
$136,225
Median Household Income
$74,718
Median Earnings
$2,046
Median Rent
$555,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Rare multi-family property with bonus unit in desirable Shrewsbury neighborhood.
Where is this multifamily property located?
The property is located at 6 Selina Shrewsbury, MA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Rare multi‑family property in a desirable Shrewsbury neighborhood.; Features 3 spacious units plus a bonus unit, offering flexibility for various uses.; Generous lot with a **massive garage suitable for multiple vehicles or workshop.**
