Updated Two-Family
For Sale
$515,000
Pending
139 King Street, Fitchburg, MA 01420
Separate residences provide flexible layouts, private outdoor areas, and dedicated parking for occupants.
Property Size2,184 SF
Days on Market12
Property Features for 139 King Street
General Information
Standard status
Pending
Size
2,184 SF
Total Parking Spaces
10
Property subtype
Residential Income
Zoning
RB
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,973
Amenities
private deck
covered patio
garden space
laundry hookups
Building Details
Building Size
2,184 SF
Year Built
1986
Buildings
1
Stories
2
Units
2
Listing Agency:
EXIT New Options Real Estate
(978) 660-1097
Listed By:
Kevin Cormier · License #454502671
(978) 660-1097
Source:
Liongatere
Added: Aug 11
Changed: Aug 16
Last Checked: Aug 12 at 2:06AM
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 EXIT New Options Real Estate
Investment Insights
Based on property information with market context.
This duplex at 139 King Street contains two residential units, each arranged with two bedrooms, one full bathroom, a living area, kitchen, and laundry hookups. The property was remodeled approximately two years ago with new flooring, updated cabinets, and refreshed interior spaces. The water heater is approximately three years old, and zoning is RB.
Outdoor features include a private deck serving the upper unit, a covered patio for the lower unit, paved off-street parking, a two-car garage, and garden space on the corner lot. The property is in Fitchburg, near shopping, schools, public transportation, parks, and highway access.
Outdoor features include a private deck serving the upper unit, a covered patio for the lower unit, paved off-street parking, a two-car garage, and garden space on the corner lot. The property is in Fitchburg, near shopping, schools, public transportation, parks, and highway access.
Key Highlights
- Two units, each with 2 bedrooms, 1 full bathroom, kitchen, living area, and laundry hookups
- Remodeled approximately two years ago with new flooring and updated cabinets
- Two‑car garage plus ample paved off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,523
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$590,460
$590.5K
Cap Rate 7%
$421,757
$421.8K
Cap Rate 9%
$328,033
$328.0K
Market Conditions
NOI Build-Up for 2,184 SF
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.
Gross rent
$43.2K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$42.2K $19.31/SF
− OpEx
−$12.7K −$5.79/SF
NOI
$29.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$590,460
Cap Rate 7%
$421,757
Cap Rate 9%
$328,033
Alternative Uses
Best Use
Multifamily LT 5
$421.8K
$369.0K – $492.1K
NOI $29,523 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$367.0K
$321.2K – $428.2K
NOI $25,693 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$745.8K
$652.6K – $870.1K
NOI $52,206 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
325
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 - Separate residences provide flexible layouts, private outdoor areas, and dedicated parking for occupants.
Where is this duplex located?
The property is located at 139 King Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 full bathroom, kitchen, living area, and laundry hookups; Remodeled approximately two years ago with new flooring and updated cabinets; Two‑car garage plus ample paved off‑street parking
