Duplex with Hardwood
New
For Sale
$373,000
120 Academy St, Fitchburg, MA 01420
The first-floor apartment is vacant, and the property has a compact yard and recently updated boiler and windows.
Property Size2,052 SF
Days on Market3
Property Features for 120 Academy St
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Investment
Zoning
RC
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,655
Building Details
Building Size
2,052 SF
Year Built
1920
Stories
2
Units
2
Listing Agency:
Keller Williams Realty North Central
Listed By:
Kathleen Walsh · License #9058508
(978) 855-4076
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 3:33PM
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 Keller Williams Realty North Central
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 two-family duplex has hardwood floors and generously sized living areas. The first-floor apartment is vacant. Recent property updates include the boiler and windows, and the outdoor space is a small yard.
At 120 Academy St in Fitchburg, the property is near downtown and carries an RC zoning designation. Its Walk Score is 78, Bike Score is 58, and Transit Score is 44.
At 120 Academy St in Fitchburg, the property is near downtown and carries an RC zoning designation. Its Walk Score is 78, Bike Score is 58, and Transit Score is 44.
Key Highlights
- Two‑family duplex with the first‑floor apartment vacant
- RC zoning
- Hardwood floors and spacious living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,738
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,760
$554.8K
Cap Rate 7%
$396,257
$396.3K
Cap Rate 9%
$308,200
$308.2K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$40.6K $19.80/SF
− Vacancy
−$1.0K −$0.49/SF
EGI
$39.6K $19.31/SF
− OpEx
−$11.9K −$5.79/SF
NOI
$27.7K $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%
$554,760
Cap Rate 7%
$396,257
Cap Rate 9%
$308,200
Alternative Uses
Best Use
Multifamily LT 5
$396.3K
$346.7K – $462.3K
NOI $27,738 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$344.9K
$301.8K – $402.3K
NOI $24,140 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$700.7K
$613.1K – $817.5K
NOI $49,051 @ 7.0% cap · market cap 13.15%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
861
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 - The first-floor apartment is vacant, and the property has a compact yard and recently updated boiler and windows.
Where is this duplex located?
The property is located at 120 Academy St Fitchburg, MA.
What is the asking price?
The asking price for this property is $373,000.
What are key features of this property?
This property features: Two‑family duplex with the first‑floor apartment vacant; RC zoning; Hardwood floors and spacious living areas
