Three-Family Home with Off-Street
1130 Water Street Fitchburg, MA 01420
For Sale
$484,900
Spacious three-family residence offering 13 rooms, hardwood floors, vinyl siding, and six off-street parking spaces.
Property Size2,088 SF
Price / SF$232.23
Days on Market195
Property Features for 1130 Water Street
General Information
- Standard status
- Active
- Size
- 2,088 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1931
Listing Agency:
Liriano Realty
Listed By:
The Liriano Team
(781) 545-3155
Source:
Grandgables
Added: Jan 9
Changed: Jul 22
Last Checked: Jul 23 at 7:54AM
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 Liriano Realty
Investment Insights
Based on property information with market context.
Located at 1130 Water Street in Fitchburg, this three-family home offers a spacious layout with 13 total rooms, including 5 bedrooms and 3 full bathrooms. Interior finishes include hardwood floors, and the exterior features low-maintenance vinyl siding. Off-street parking is provided with six spaces.
The property is described as conveniently located near public transportation, schools, shopping, parks, and highway access, supporting day-to-day accessibility for tenants and visitors.
With three residential units in place, the home is suited for investors seeking a multi-unit asset or owners looking to occupy one unit while renting the others.
The property is described as conveniently located near public transportation, schools, shopping, parks, and highway access, supporting day-to-day accessibility for tenants and visitors.
With three residential units in place, the home is suited for investors seeking a multi-unit asset or owners looking to occupy one unit while renting the others.
Key Highlights
- 1931‑built 3‑family home with 13 total rooms, 5 bedrooms, and 3 full bathrooms.
- Hardwood floors throughout and low‑maintenance vinyl siding.
- Six off‑street parking spaces.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $19.80 |
| − Vacancy | −$1.0k | −$0.49 |
| EGI | $40.3k | $19.31 |
| − OpEx | −$12.1k | −$5.79 |
| NOI | $28.2k | $13.52 |
2,088 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$403.2K
$352.8K – $470.4K
NOI $28,225 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$350.9K
$307.0K – $409.4K
NOI $24,563 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$713.0K
$623.9K – $831.9K
NOI $49,912 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Spacious three-family residence offering 13 rooms, hardwood floors, vinyl siding, and six off-street parking spaces.
Where is this triplex located?
The property is located at 1130 Water Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: 1931‑built 3‑family home with 13 total rooms, 5 bedrooms, and 3 full bathrooms.; Hardwood floors throughout and low‑maintenance vinyl siding.; Six off‑street parking spaces.
