Triplex with Dual
For Sale
$549,900
73 South Quinsigamond Avenue, Shrewsbury, MA 01545
Three-family residential property with driveway parking and access to both South Quinsigamond Avenue and Vancroft Street.
Property Size1,768 SF
Price / SF$311.03
Days on Market308
Property Features for 73 South Quinsigamond Avenue
General Information
Standard status
Active
Size
1,768 SF
Total Parking Spaces
4
Property subtype
Multi-family / 3 Family
Zoning
RES B-
Net Operating Income
$13,800
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,196
Amenities
City/Town Sewer, Public
No
Wood, Tile
3.0
Partial
3
3.00
Building Details
Year Built
1870
Listing Agency:
BA Property & Lifestyle Advisors
(508) 852-4227
Listed By:
Richard Ovian · License #101260
(508) 852-4227
Source:
Compass
Added: Oct 28, 2025
Changed: Aug 31
Last Checked: Aug 31 at 4:05AM
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 BA Property & Lifestyle Advisors
Investment Insights
Based on property information with market context.
This three-unit residential property at 73 South Quinsigamond Avenue includes 1,768 square feet of living area, with the lower-level unit excluded from that figure. Built in 1870, the property is zoned RES B- and offers a configuration suitable for multifamily ownership or occupancy.
Driveway parking accommodates at least four vehicles. The lot has frontage on both South Quinsigamond Avenue and Vancroft Street, while the property is situated near UMass Medical School and major highways. Any potential for an accessory dwelling unit requires buyer due diligence and confirmation.
Driveway parking accommodates at least four vehicles. The lot has frontage on both South Quinsigamond Avenue and Vancroft Street, while the property is situated near UMass Medical School and major highways. Any potential for an accessory dwelling unit requires buyer due diligence and confirmation.
Key Highlights
- Three‑family property with 3 units
- 1,768 square feet of living area, excluding the lower‑level unit
- Driveway parking for at least four vehicles
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
$23,899
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
4.35%
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%
$477,980
$478.0K
Cap Rate 7%
$341,414
$341.4K
Cap Rate 9%
$265,544
$265.5K
Market Conditions
NOI Build-Up for 1,768 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
$35.0K $19.80/SF
− Vacancy
−$865 −$0.49/SF
EGI
$34.1K $19.31/SF
− OpEx
−$10.2K −$5.79/SF
NOI
$23.9K $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%
$477,980
Cap Rate 7%
$341,414
Cap Rate 9%
$265,544
Alternative Uses
Best Use
Multifamily LT 5
$341.4K
$298.7K – $398.3K
NOI $23,899 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$297.1K
$260.0K – $346.7K
NOI $20,799 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$603.7K
$528.3K – $704.4K
NOI $42,262 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
737
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family residential property with driveway parking and access to both South Quinsigamond Avenue and Vancroft Street.
Where is this triplex located?
The property is located at 73 South Quinsigamond Avenue Shrewsbury, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three‑family property with 3 units; 1,768 square feet of living area, excluding the lower‑level unit; Driveway parking for at least four vehicles
