Four-Unit Multifamily
New
For Sale
$799,900
270 Fairmount St, Fitchburg, MA 01420
Residential Income, Fitchburg, MA
Property Size3,960 SF
Lot Size0.11 Acres
Price / SF$201.99
Days on Market6
Property Features for 270 Fairmount St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
11
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 11, Bathroom 3, Bedroom 1, Bedroom 10, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 9, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Parking
1
Directions
Please use GPS.
Standard status
Active
APN
M:0063 B:0026 L:0000,1504977
Size
3,960 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8181
Building Details
Year built
1935
Floors in Building
4
Number of units
4
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Susan Rochwarg
(978) 902-1231
Added: Sep 8
Changed: Sep 12
Last Checked: Sep 13 at 1:06PM
MLS# 73573657
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,960-square-foot multifamily property contains four residential units, including three three-bedroom units and one two-bedroom unit. Built in 1935, the property sits on a 0.1148-acre lot and carries RC zoning.
Located at 270 Fairmount St in Fitchburg, Massachusetts, the building offers a mix of unit configurations within an established residential property. The four-unit layout supports separate residential occupancy across the building, with bedroom and bathroom counts reflected in the existing configuration.
Located at 270 Fairmount St in Fitchburg, Massachusetts, the building offers a mix of unit configurations within an established residential property. The four-unit layout supports separate residential occupancy across the building, with bedroom and bathroom counts reflected in the existing configuration.
Key Highlights
- Four‑unit multifamily property
- Three 3‑bedroom units and one 2‑bedroom unit
- 3,960 square feet of property area
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
$53,530
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
6.69%
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%
$1,070,600
$1.1M
Cap Rate 7%
$764,714
$764.7K
Cap Rate 9%
$594,778
$594.8K
Market Conditions
NOI Build-Up for 3,960 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
$78.4K $19.80/SF
− Vacancy
−$1.9K −$0.49/SF
EGI
$76.5K $19.31/SF
− OpEx
−$22.9K −$5.79/SF
NOI
$53.5K $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%
$1,070,600
Cap Rate 7%
$764,714
Cap Rate 9%
$594,778
Alternative Uses
Best Use
Multifamily LT 5
$764.7K
$669.1K – $892.2K
NOI $53,530 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$665.5K
$582.3K – $776.4K
NOI $46,585 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,660 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 01420, MA
41,940
Population
17,998
Households
2.3
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
30.1 sq mi
ZIP Area
1,393
Density / Sq Mi
$70,334
Median Household Income
$41,753
Median Earnings
$1,131
Median Rent
$294,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units include three three-bedroom layouts and one two-bedroom layout.
Where is this quadplex located?
The property is located at 270 Fairmount St Fitchburg, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four‑unit multifamily property; Three 3‑bedroom units and one 2‑bedroom unit; 3,960 square feet of property area
