Two-Story Multifamily
For Sale
$824,900
719 Main St, Clinton, MA 01510
Residentially zoned property with six bedrooms, multiple bathrooms, and a detached two-car garage.
Property Size3,783 SF
Lot Size0.28 Acres
Price / SF$218.05
Days on Market221
Property Features for 719 Main St
General Information
Standard status
Active
Size
3,783 SF
Total Parking Spaces
8
Lot size
0.28 Acres
Property subtype
Multi-Family
Zoning
Res
Taxes and HOA fees
Annual Taxes
$6,743
Building Details
Building Size
3,783 SF
Year Built
1900
Stories
3
Listing Agency:
Coldwell Banker Realty - Brookline
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jan 21
Changed: Aug 29
Last Checked: Aug 29 at 5:13PM
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 Coldwell Banker Realty - Brookline
Investment Insights
Based on property information with market context.
Built in 1900, this two-story multifamily property contains 3,783 square feet of living area with six bedrooms, three full bathrooms, and one half bathroom. The residence offers a substantial interior footprint that can be reconfigured or updated for continued residential use, subject to applicable requirements.
The property occupies a 11,992-square-foot lot at 719 Main St in Clinton, Massachusetts, with a two-car garage providing enclosed parking and storage. Res zoning supports its residential positioning, while the combination of bedroom count, bathroom capacity, and lot area gives the property a broad physical foundation for future improvements.
The property occupies a 11,992-square-foot lot at 719 Main St in Clinton, Massachusetts, with a two-car garage providing enclosed parking and storage. Res zoning supports its residential positioning, while the combination of bedroom count, bathroom capacity, and lot area gives the property a broad physical foundation for future improvements.
Key Highlights
- 3,783 square feet of living area across two stories
- Six bedrooms, three full bathrooms, and one half bathroom
- 11,992‑square‑foot lot at 719 Main St
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
$44,503
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
5.39%
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%
$890,060
$890.1K
Cap Rate 7%
$635,757
$635.8K
Cap Rate 9%
$494,478
$494.5K
Market Conditions
NOI Build-Up for 3,783 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
$83.1K $21.96/SF
− Vacancy
−$2.2K −$0.57/SF
EGI
$80.9K $21.39/SF
− OpEx
−$36.4K −$9.63/SF
NOI
$44.5K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
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%
$890,060
Cap Rate 7%
$635,757
Cap Rate 9%
$494,478
Alternative Uses
Best Use
Apartment 5plus
$635.8K
$556.3K – $741.7K
NOI $44,503 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,429 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
729
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?
Multifamily property - Residentially zoned property with six bedrooms, multiple bathrooms, and a detached two-car garage.
Where is this multifamily property located?
The property is located at 719 Main St Clinton, MA.
What is the asking price?
The asking price for this property is $824,900.
What are key features of this property?
This property features: 3,783 square feet of living area across two stories; Six bedrooms, three full bathrooms, and one half bathroom; 11,992‑square‑foot lot at 719 Main St
