2-Unit Duplex with Hardwood
New
For Sale
$373,000
120 Academy Street, Fitchburg, MA 01420
Residential Income, Fitchburg, MA
Property Size2,052 SF
Lot Size0.12 Acres
Price / SF$181.77
Days on Market3
Property Features for 120 Academy Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking
2
Directions
GPS
Standard status
Active
APN
1502953
Size
2,052 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4655
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty North Central
Listed By:
Rochelle Jonswold
(978) 840-9000
Added: Oct 27
Last Checked: Oct 29 at 7:06PM
MLS# 73595452
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-family duplex contains 2,052 square feet on a 0.12-acre lot. Built in 1920, the property features hardwood floors and spacious living areas. The first-floor residence is vacant, and the building has a recently installed boiler and windows.
Located near downtown Fitchburg, the property is zoned RC. A modest yard completes the site.
Located near downtown Fitchburg, the property is zoned RC. A modest yard completes the site.
Key Highlights
- Two‑family duplex with 2,052 square feet of building area
- 0.12‑acre lot with a modest yard
- RC zoning
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.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The first-floor residence is vacant, and the property carries RC zoning near downtown Fitchburg.
Where is this duplex located?
The property is located at 120 Academy Street 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 2,052 square feet of building area; 0.12‑acre lot with a modest yard; RC zoning
