Renovated Triplex with Central
New
For Sale
$750,000
83 Oak St, Uxbridge, MA 01569
Updated three-unit property with new mechanical, electrical, plumbing, and septic systems.
Property Size3,986 SF
Days on Market2
Property Features for 83 Oak St
General Information
Standard status
Active
Size
3,986 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,339
Building Details
Building Size
3,986 SF
Year Built
1905
Stories
3
Units
3
Listing Agency:
(508) 904-1667
Listed By:
Lexine Winter · License #449585489
(508) 904-1667
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 9:39AM
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 Lexine Winter
Investment Insights
Based on property information with market context.
Built in 1905, this three-unit property has undergone extensive renovation across its core building systems and interior spaces. Improvements include a new septic system, updated mechanical equipment, central air in each unit, refreshed electrical and plumbing, renovated kitchens and bathrooms, new flooring, fresh paint, and contemporary finishes.
The property is located at 83 Oak St in Uxbridge, Massachusetts. Walk Score is 13, indicating a car-dependent setting, while Bike Score is 25, classified as somewhat bikeable. The unit configuration supports owner occupancy in one residence while the remaining two units generate rental income, or use as a three-unit income property.
The property is located at 83 Oak St in Uxbridge, Massachusetts. Walk Score is 13, indicating a car-dependent setting, while Bike Score is 25, classified as somewhat bikeable. The unit configuration supports owner occupancy in one residence while the remaining two units generate rental income, or use as a three-unit income property.
Key Highlights
- Three‑unit property built in 1905
- New septic system installed
- Central air throughout all units
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
$53,881
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
7.18%
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%
$1,077,620
$1.1M
Cap Rate 7%
$769,729
$769.7K
Cap Rate 9%
$598,678
$598.7K
Market Conditions
NOI Build-Up for 3,986 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
$78.9K $19.80/SF
− Vacancy
−$1.9K −$0.49/SF
EGI
$77.0K $19.31/SF
− OpEx
−$23.1K −$5.79/SF
NOI
$53.9K $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%
$1,077,620
Cap Rate 7%
$769,729
Cap Rate 9%
$598,678
Alternative Uses
Best Use
Multifamily LT 5
$769.7K
$673.5K – $898.0K
NOI $53,881 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$669.9K
$586.1K – $781.5K
NOI $46,891 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,281 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 01569, MA
14,193
Population
5,523
Households
2.6
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
29.4 sq mi
ZIP Area
483
Density / Sq Mi
$122,458
Median Household Income
$61,245
Median Earnings
$1,480
Median Rent
$417,900
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 - Updated three-unit property with new mechanical, electrical, plumbing, and septic systems.
Where is this triplex located?
The property is located at 83 Oak St Uxbridge, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑unit property built in 1905; New septic system installed; Central air throughout all units
