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    15-25 Lunenburg St Fitchburg, MA 01420

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    For Sale
    $1,900,000

    Mixed-use property with apartments and commercial units, fully occupied.

    Lot size:
    0.25 Acres

    Property Features for 15-25 Lunenburg St

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1920

    Source: Coldwell Banker Realty - Leominster Agent Douglas Tammelin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Property For Sale

    Located at 15-25 Lunenburg Street, this mixed-use property presents an investment opportunity. The building features 11 apartments and 2 commercial units, currently operating at 100% occupancy. The residential units include five 2-bedroom apartments, one 3-bedroom apartment, and five 1-bedroom/studio units. The commercial spaces are occupied by a restaurant, a laundromat, and a pizza place. Off-street parking is available for residents. The building also has a full basement and is alarmed to the fire department. Situated within walking distance of the university and commuter rail station, this property offers convenient access to local amenities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7897316
    Latitude
    42.582027

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    FAQs

    What type of property is this?
    Apartment building - Mixed-use property with apartments and commercial units, fully occupied.
    Where is this apartment building located?
    The property is located at 15-25 Lunenburg St Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - 100% Occupancy: Provides immediate and consistent cash flow.; - Diverse Unit Mix: Includes eleven apartments (five 2-bedroom, one 3-bedroom, five 1-bedroom/studio) and two commercial units (restaurant, laundromat, pizza place).; - Prime Location: Walking distance to the university and commuter rail station.
    (978) 514-3423
    Request Owner's contact information
    15-25 Lunenburg St Fitchburg, MA 01420
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    Fitchburg, MA 01420
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15-25 Lunenburg St Fitchburg, MA 01420
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