Vacant Updated Two-Family
New
For Sale
$550,000
103 Nashua, Fitchburg, MA 01420
Vacant two-family home with three-level living, updated systems, high-efficiency gas boilers, and a spacious backyard with off-street parking.
Days on Market3
Property Features for 103 Nashua
General Information
Standard status
Active
Property subtype
Residential Income
Amenities
granite countertops
open-concept layout
high efficiency gas boilers
Building Details
Building Size
2,849 SF
Year Built
1900
Buildings
1
Listing Agency:
Century 21 North East
(781) 548-8841
Listed By:
Nicolas Corteggiano
(781) 548-8841
Source:
Threehillsres
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 3:02AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
Vacant updated two-family duplex with three levels of living space, delivered ready for an owner-occupant or rental strategy. The first-floor unit features 3 bedrooms and 1 bath, while the second unit spans two full floors with 5 bedrooms and 2 baths. Both kitchens include granite countertops, and the homes include an open-concept layout. Updates include electrical, plumbing, windows, doors, and flooring, supported by high-efficiency gas boilers.
Outside, enjoy a spacious backyard with plenty of off-street parking. The property is minutes to Fitchburg State, shopping, and Route 2, with MBTA commuter rail to Boston nearby. Wachusett Mountain and Great Wolf Lodge are a short drive away.
Built in 1900, this two-family residence offers flexible configuration and upgraded core systems for day-to-day living.
Outside, enjoy a spacious backyard with plenty of off-street parking. The property is minutes to Fitchburg State, shopping, and Route 2, with MBTA commuter rail to Boston nearby. Wachusett Mountain and Great Wolf Lodge are a short drive away.
Built in 1900, this two-family residence offers flexible configuration and upgraded core systems for day-to-day living.
Key Highlights
- Vacant two‑family duplex with three levels of living space
- First‑floor unit: 3 bedrooms and 1 bath
- Second unit spans two full floors: 5 bedrooms and 2 baths
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.4k | $19.80 |
| − Vacancy | −$1.4k | −$0.49 |
| EGI | $55.0k | $19.31 |
| − OpEx | −$16.5k | −$5.79 |
| NOI | $38.5k | $13.52 |
2,849 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$550.2K
$481.4K – $641.9K
NOI $38,512 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$478.8K
$419.0K – $558.6K
NOI $33,516 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$972.9K
$851.3K – $1.14M
NOI $68,102 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
803
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?
Duplex - Vacant two-family home with three-level living, updated systems, high-efficiency gas boilers, and a spacious backyard with off-street parking.
Where is this duplex located?
The property is located at 103 Nashua Fitchburg, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Vacant two‑family duplex with three levels of living space; First‑floor unit: 3 bedrooms and 1 bath; Second unit spans two full floors: 5 bedrooms and 2 baths
