Two-Family Duplex with Solar
For Sale
$430,000
116 Marshall Street, Fitchburg, MA 01420
Separate utilities, laundry hookups, and a newer roof support the existing two-unit layout.
Property Size1,584 SF
Price / SF$271.46
Days on Market103
Property Features for 116 Marshall Street
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Multi-family
Lease Term
[]
Property Condition
Severity
Repairs Needed
Evidence
with a little TLC
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
washer/dryer hookup
solar panels
Building Details
Year Built
1900
Buildings
1
Tenancy
Single
Listing Agency:
Foster-Healey Real Estate
Listed By:
Jacqueline Solis · License #454502423
(978) 660-3712
Source:
Foster-healey
Added: Jul 7
Changed: Oct 16
Last Checked: Oct 16 at 8:48AM
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 Foster-Healey Real Estate
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Investment Insights
Based on property information with market context.
This duplex, built in 1900, contains two residential units with separate utilities. The main unit is vacant, while the lower-level unit is occupied by a tenant. Washer and dryer hookups are provided, and the roof has been updated. Solar panels are installed, with an existing contract to be assumed by the buyer.
The property is located at 116 Marshall St in Fitchburg, Massachusetts. Walk Score is 78, Bike Score is 58, and Transit Score is 44. The current configuration supports either owner occupancy with a rented second unit or continued use as a two-unit income property, consistent with the existing layout and occupancy.
The property is located at 116 Marshall St in Fitchburg, Massachusetts. Walk Score is 78, Bike Score is 58, and Transit Score is 44. The current configuration supports either owner occupancy with a rented second unit or continued use as a two-unit income property, consistent with the existing layout and occupancy.
Key Highlights
- Two‑unit duplex built in 1900
- Main unit is vacant; lower‑level unit is rented
- Separate utilities for the residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,412
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,240
$428.2K
Cap Rate 7%
$305,886
$305.9K
Cap Rate 9%
$237,911
$237.9K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$31.4K $19.80/SF
− Vacancy
−$775 −$0.49/SF
EGI
$30.6K $19.31/SF
− OpEx
−$9.2K −$5.79/SF
NOI
$21.4K $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%
$428,240
Cap Rate 7%
$305,886
Cap Rate 9%
$237,911
Alternative Uses
Best Use
Multifamily LT 5
$305.9K
$267.7K – $356.9K
NOI $21,412 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$266.2K
$232.9K – $310.6K
NOI $18,634 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$540.9K
$473.3K – $631.1K
NOI $37,864 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, laundry hookups, and a newer roof support the existing two-unit layout.
Where is this duplex located?
The property is located at 116 Marshall Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1900; Main unit is vacant; lower‑level unit is rented; Separate utilities for the residential units
