Updated Two-Bedroom
For Sale
$589,900
11 Nutting St, Fitchburg, MA 01420
The first-floor apartment will be vacant at closing, and the property has separate utilities.
Property Size3,150 SF
Price / SF$187.27
Days on Market11
Property Features for 11 Nutting St
General Information
Standard status
Active
Size
3,150 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
RB
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,583
Amenities
Living Room
Kitchen
Building Details
Building Size
3,150 SF
Year Built
1900
Stories
3
Units
3
Listing Agency:
Keller Williams Realty North Central
(978) 840-9000
Listed By:
Nicholas L. Pelletier
(978) 674-7146
Source:
Baycolonyrealty
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 26 at 3:37AM
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 Keller Williams Realty North Central
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Investment Insights
Based on property information with market context.
This 3,150-square-foot, three-family property in Fitchburg has updated two-bedroom apartments. Built in 1900, the building is zoned RB and has separate utilities. Lead certificates of compliance are in hand.
The first-floor apartment is scheduled to be vacant at closing, providing a clear occupancy detail for the next owner.
The first-floor apartment is scheduled to be vacant at closing, providing a clear occupancy detail for the next owner.
Key Highlights
- Three‑family property with updated two‑bedroom apartments
- 3,150 square feet; built in 1900
- First‑floor apartment will be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,581
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,620
$851.6K
Cap Rate 7%
$608,300
$608.3K
Cap Rate 9%
$473,122
$473.1K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$62.4K $19.80/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$60.8K $19.31/SF
− OpEx
−$18.2K −$5.79/SF
NOI
$42.6K $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 Rate 5%
$851,620
Cap Rate 7%
$608,300
Cap Rate 9%
$473,122
Alternative Uses
Best Use
Multifamily LT 5
$608.3K
$532.3K – $709.7K
NOI $42,581 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$529.4K
$463.2K – $617.6K
NOI $37,057 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.08M
$941.2K – $1.25M
NOI $75,298 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The first-floor apartment will be vacant at closing, and the property has separate utilities.
Where is this triplex located?
The property is located at 11 Nutting St Fitchburg, MA.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Three‑family property with updated two‑bedroom apartments; 3,150 square feet; built in 1900; First‑floor apartment will be vacant at closing
