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Fitchburg Multi-Family Investment Opportunity

107-109 Prichard St, Fitchburg, MA 01420

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For Sale

$729,900

Four-unit property with long-term tenants and separate utilities.

Type:4 Family

Property size:

3,947 SF

Price / SF:

$184/SF

HighLights

Excellent investment opportunity with 3 of 4 units currently rented.
One vacant 4‑bedroom unit available for immediate occupancy or rental income.
Potential for increased rental income by bringing below‑market rents up to current rates.
Separate utilities for each unit.
Recent updates including a new roof (2022) and new hot water tanks.
Convenient location with easy access to public transportation, Fitchburg State University, and local amenities.

We can help!

Listing Contact

The Donnelly Team

Learn more

For Sale

$729,900

Four-unit property with long-term tenants and separate utilities.

Type:4 Family

Property size:

3,947 SF

Price / SF:

$184/SF

Added:: Apr 9, 2026
Days on Market:: 64
Last Refresh:: Apr 20 at 6:51 pm

Property Features for 107-109 Prichard St

General Information

Standard status: Active
Size: 3,947 SF
Property subtype: 4 Family

Building Details

Year Built: 1910

We can help!

Listing Contact

The Donnelly Team

Listing agent The Donnelly Team

Listing office Coldwell Banker Realty - Leominster

Listing date Apr 9, 2026

Source Lockandkeyre

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 - Leominster

HighLights

Excellent investment opportunity with 3 of 4 units currently rented.
One vacant 4‑bedroom unit available for immediate occupancy or rental income.
Potential for increased rental income by bringing below‑market rents up to current rates.
Separate utilities for each unit.
Recent updates including a new roof (2022) and new hot water tanks.
Convenient location with easy access to public transportation, Fitchburg State University, and local amenities.

Overview

This four-unit multi-family property presents an investment opportunity. Three of the four units are occupied by long-term, at-will tenants. The property includes two 2-bedroom units and two 4-bedroom units. One 4-bedroom unit is currently vacant and available for rent or owner occupancy. Each unit has separate utilities. Parking is available for up to seven cars across two driveways. Lead compliance certificates are available for all four units. Recent updates include a new roof installed in 2022, and new hot water tanks in each unit, installed in April 2023 (107 U1 & 2), May 2022 (109 U1), and October 2024 (109 U2). Additionally, a new stove was installed in 109 U2 in December 2021, and a new stove and refrigerator were installed in 109 U1 in May 2023. The property is located with convenient access to public transportation, Fitchburg State University, and local amenities. The property size is 3947 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$78.2k	$19.80
− Vacancy	−$1.9k	−$0.49
EGI	$76.2k	$19.31
− OpEx	−$22.9k	−$5.79
NOI	$53.4k	$13.52

3,947 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$762.2K

$666.9K – $889.2K (±1% cap)

NOI $53,354 @ 7.0% cap · market cap 7.31%

Second Best

Apartment 5plus

$663.3K

$580.4K – $773.9K (±1% cap)

NOI $46,432 @ 7.0% cap · market cap 6.36%

Theoretical Best

Office A

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,349 @ 7.0% cap · market cap 12.93%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Fitchburg
County: Worcester
State: Massachusetts
Longitude: -71.79942
Latitude: 42.5853214

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For sale
Quadplexes
MA
Fitchburg
01420
107-109 Prichard St

What type of property is this?

Quadplex - Four-unit property with long-term tenants and separate utilities.

Where is this quadplex located?

The property is located at 107-109 Prichard St Fitchburg, MA.

What is the asking price?

The asking price for this property is $729,900.

What are key features of this property?

This property features: Excellent investment opportunity with 3 of 4 units currently rented.; One vacant **4‑bedroom unit available for immediate occupancy or rental income.**; **Potential for increased rental income** by bringing below‑market rents up to current rates.