Triplex with Off-Street
New
For Sale
$640,000
12 Granite, Fitchburg, MA 01420
Three residential units offer varied layouts, recent updates, and parking at the rear of the building.
Property Size4,584 SF
Days on Market4
Property Features for 12 Granite
General Information
Standard status
Active
Size
4,584 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
NB
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,242
Building Details
Building Size
4,584 SF
Year Built
1910
Stories
3
Units
3
Listing Agency:
eXp Realty LLC
(351) 322-9522
Listed By:
Luis Bautista
(351) 322-9522
Source:
Thefirmreg
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 8 at 12:06PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This 1910-built triplex contains three residential units with dedicated off-street parking behind the building. The first-floor residence includes newer kitchen cabinets, refreshed flooring, and a bright interior. The second-floor unit has been maintained, while the third-floor residence features a practical layout with a stand-up shower instead of a bathtub. Recent property work includes newer hot water tanks and updated gutters. The property is zoned NB and is located at 12 Granite Street in Fitchburg. Downtown Fitchburg, shopping, restaurants, parks, major highways, and the MBTA Fitchburg Commuter Rail are identified as nearby amenities and transportation options.
Key Highlights
- Three residential units in a 1910‑built triplex
- Rear dedicated off‑street parking
- First‑floor unit with newer kitchen cabinets and updated flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,926
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,078,520
$1.1M
Cap Rate 7%
$770,371
$770.4K
Cap Rate 9%
$599,178
$599.2K
Market Conditions
NOI Build-Up for 4,584 SF
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.
Gross rent
$100.7K $21.96/SF
− Vacancy
−$2.6K −$0.57/SF
EGI
$98.0K $21.39/SF
− OpEx
−$44.1K −$9.63/SF
NOI
$53.9K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,078,520
Cap Rate 7%
$770,371
Cap Rate 9%
$599,178
Alternative Uses
Best Use
Multifamily LT 5
$885.2K
$774.6K – $1.03M
NOI $61,965 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$770.4K
$674.1K – $898.8K
NOI $53,926 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,576 @ 7.0% cap · market cap 17.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
950
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied layouts, recent updates, and parking at the rear of the building.
Where is this triplex located?
The property is located at 12 Granite Fitchburg, MA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Three residential units in a 1910‑built triplex; Rear dedicated off‑street parking; First‑floor unit with newer kitchen cabinets and updated flooring
