3-Unit Triplex with Separate
For Sale
$565,000
12 Foster St, Fitchburg, MA 01420
Each residence has two bedrooms and one full bath, with off-street parking for occupants.
Property Size3,172 SF
Price / SF$178.12
Days on Market19
Property Features for 12 Foster St
General Information
Standard status
Active
Size
3,172 SF
Property subtype
3 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Amenities
off-street parking
Building Details
Year Built
1920
Listing Agency:
RE/MAX Culture
(978) 333-4433
Listed By:
Luxan Zayas · License #453013351
(978) 333-3930
Source:
Dohertyproperties
Added: Oct 14
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
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 RE/MAX Culture
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this 3,172-square-foot triplex contains three units, each configured with two bedrooms and one full bath. Utilities are separately metered for each residence, and the property includes off-street parking on a corner lot. Attic space may have potential for an additional unit or ADU, subject to zoning, permitting, and feasibility review by the City of Fitchburg.
The property is near downtown shops and dining, the commuter rail, Fitchburg State University, and Route 2.
The property is near downtown shops and dining, the commuter rail, Fitchburg State University, and Route 2.
Key Highlights
- Three units, each with two bedrooms and one full bath
- Separate utilities for all three residences
- 3,172 square feet; built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,878
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,560
$857.6K
Cap Rate 7%
$612,543
$612.5K
Cap Rate 9%
$476,422
$476.4K
Market Conditions
NOI Build-Up for 3,172 SF
Gross rent
$62.8K $19.80/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$61.3K $19.31/SF
− OpEx
−$18.4K −$5.79/SF
NOI
$42.9K $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%
$857,560
Cap Rate 7%
$612,543
Cap Rate 9%
$476,422
Alternative Uses
Best Use
Multifamily LT 5
$612.5K
$536.0K – $714.6K
NOI $42,878 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$533.1K
$466.4K – $621.9K
NOI $37,315 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.08M
$947.8K – $1.26M
NOI $75,823 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
684
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?
Triplex - Each residence has two bedrooms and one full bath, with off-street parking for occupants.
Where is this triplex located?
The property is located at 12 Foster St Fitchburg, MA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Three units, each with two bedrooms and one full bath; Separate utilities for all three residences; 3,172 square feet; built in 1920
