Three-Unit Multifamily
138 Plymouth Street, Fitchburg, MA 01420
For Sale
New
$499,000
Separate utility metering and a mix of occupied and vacant residences support flexible occupancy arrangements.
Property Size2,492 SF
Price / SF$200.24
Days on Market6
Property Features for 138 Plymouth Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Tenant in Place
Amenities
private enclosed porches
laundry hookups
deck space
Building Details
Year Built
Buildings
Listing Agency:
Lamacchia Realty,Inc.
Listed By:
Lisa Gamberdella
(978) 602-4379
Source:
Cambridgerealty
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:25AM
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 Lamacchia Realty,Inc.
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Investment Insights
Based on property information with market context.
Built in 1910, this 2,492-square-foot multifamily property contains three residences: one three-bedroom unit and two two-bedroom units. One residence is occupied, while the other two are vacant. Each unit has separate utility meters, individual tanks, and its own electrical panel; a separate house panel is also in place. Kitchens have white cabinetry and stainless steel appliances, and the full bathrooms include tub-and-shower combinations. Enclosed porches add private outdoor space for each residence.
The unfinished basement includes laundry hookups, storage space, and walk-out access. Exterior features include paved off-street parking, deck space, and a level backyard. Public transportation, walking trails, and Fitchburg State University are nearby.
The unfinished basement includes laundry hookups, storage space, and walk-out access. Exterior features include paved off-street parking, deck space, and a level backyard. Public transportation, walking trails, and Fitchburg State University are nearby.
Key Highlights
- Three residences: one three‑bedroom unit and two two‑bedroom units
- 2,492 square feet; built in 1910
- One unit occupied; two units vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,686
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,720
$673.7K
Cap Rate 7%
$481,229
$481.2K
Cap Rate 9%
$374,289
$374.3K
Market Conditions
NOI Build-Up for 2,492 SF
Gross rent
$49.3K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$48.1K $19.31/SF
− OpEx
−$14.4K −$5.79/SF
NOI
$33.7K $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%
$673,720
Cap Rate 7%
$481,229
Cap Rate 9%
$374,289
Alternative Uses
Best Use
Multifamily LT 5
$481.2K
$421.1K – $561.4K
NOI $33,686 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$418.8K
$366.5K – $488.6K
NOI $29,316 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$851.0K
$744.6K – $992.8K
NOI $59,569 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
243
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
$294,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Fitchburg, MA
Properties on Market for Triplexes in Fitchburg
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utility metering and a mix of occupied and vacant residences support flexible occupancy arrangements.
Where is this triplex located?
The property is located at 138 Plymouth Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three residences: one three‑bedroom unit and two two‑bedroom units; 2,492 square feet; built in 1910; One unit occupied; two units vacant
