Duplex with Slate
For Sale
$395,000
112 Marshall Street, Fitchburg, MA 01420
The two-unit property combines a three-bedroom upper residence with a separate one-bedroom apartment.
Property Size1,725 SF
Price / SF$228.99
Days on Market8
Property Features for 112 Marshall Street
General Information
Standard status
Active
Size
1,725 SF
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
laundry hookups
Building Details
Year Built
1900
Year Renovated
2023
Listing Agency:
Realty ONE Group Nest
Listed By:
Jose Frias · License #9584350
(978) 655-1385
Source:
Foster-healey
Added: Oct 4
Changed: Oct 10
Last Checked: Oct 11 at 9:43AM
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 Realty ONE Group Nest
Investment Insights
Based on property information with market context.
This 1,725-square-foot duplex, built in 1900, contains a three-bedroom townhouse-style residence on the upper two floors and a separate one-bedroom apartment below. The building has a slate roof and off-street parking, with long-term tenants in place. Zoning is RB.
Work completed in 2023 included a replacement water service line, new hot water heaters, laundry hookups, electrical panel upgrades, electrical work in Unit 1, and kitchen, bathroom, and plumbing renovations. The seller reports that permits were obtained and supporting records are available.
The property is near Fitchburg State University, commuter rail service, downtown amenities, and major routes.
Work completed in 2023 included a replacement water service line, new hot water heaters, laundry hookups, electrical panel upgrades, electrical work in Unit 1, and kitchen, bathroom, and plumbing renovations. The seller reports that permits were obtained and supporting records are available.
The property is near Fitchburg State University, commuter rail service, downtown amenities, and major routes.
Key Highlights
- Two units: a three‑bedroom upper residence and a separate one‑bedroom apartment
- 1,725 square feet; built in 1900
- 2023 improvements included water service, hot water heaters, laundry hookups, electrical, kitchen, bathroom, and plumbing work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,318
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,360
$466.4K
Cap Rate 7%
$333,114
$333.1K
Cap Rate 9%
$259,089
$259.1K
Market Conditions
NOI Build-Up for 1,725 SF
Gross rent
$34.2K $19.80/SF
− Vacancy
−$844 −$0.49/SF
EGI
$33.3K $19.31/SF
− OpEx
−$10.0K −$5.79/SF
NOI
$23.3K $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%
$466,360
Cap Rate 7%
$333,114
Cap Rate 9%
$259,089
Alternative Uses
Best Use
Multifamily LT 5
$333.1K
$291.5K – $388.6K
NOI $23,318 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$289.9K
$253.7K – $338.2K
NOI $20,293 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$589.1K
$515.4K – $687.2K
NOI $41,234 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
574
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property combines a three-bedroom upper residence with a separate one-bedroom apartment.
Where is this duplex located?
The property is located at 112 Marshall Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two units: a three‑bedroom upper residence and a separate one‑bedroom apartment; 1,725 square feet; built in 1900; 2023 improvements included water service, hot water heaters, laundry hookups, electrical, kitchen, bathroom, and plumbing work
