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Oak Street Apartments 2-12 Chace 6 Unit Apartment Building $1,650,000 ($275,000/Unit) 8.59% Cap Rate Clinton, MA 01510
Executive Summary
Yannios Real Estate Investment Sales is pleased to present Oak Street Apartments a 6-unit multi-family building located in Clinton, MA approximately 3 miles to interstate 495 and under hour's drive to Boston. Located in central Massachusetts,12 miles Northeast of Worcester and 32 miles west of Boston, convenient to Route 2, I-495, I-190, I-290. This 6,364 sq. ft. building sits on a 4,818 sq ft. corner lot. Good location, great neighborhood, tenant paid utilities and off-street parking. The units are large and spacious, consist of (2) two-bedroom units & (4) one-bedroom units. Building has been maintained; units have been updated over the years and are good condition. Interested and qualified buyers will be able to view the property and obtain additional information.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$172,800
|
$27.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,456
|
$0.54
|
| Effective Gross Income |
$169,344
|
$26.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,552
|
$4.33
|
| Net Operating Income |
$141,792
|
$22.28
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $172,800 |
| Annual Per SF | $27.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,456 |
| Annual Per SF | $0.54 |
| Effective Gross Income | |
|---|---|
| Annual | $169,344 |
| Annual Per SF | $26.61 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $27,552 |
| Annual Per SF | $4.33 |
| Net Operating Income | |
|---|---|
| Annual | $141,792 |
| Annual Per SF | $22.28 |
Property Facts
| Price | $1,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.59% | Building Size | 6,364 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2020 |
| Price | $1,650,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 8.59% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 6,364 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2020 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,500 | 650 |
| 2+1 | 2 | $3,000 | 1,100 |
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Property Taxes
| Parcel Number | CLIN-000096-001990 | Improvements Assessment | $476,800 (2025) |
| Land Assessment | $99,000 (2025) | Total Assessment | $575,800 (2025) |
Property Taxes
Parcel Number
CLIN-000096-001990
Land Assessment
$99,000 (2025)
Improvements Assessment
$476,800 (2025)
Total Assessment
$575,800 (2025)
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Oak Street Apartments | 2-12 Chace
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