Well-Maintained 3-Unit
For Sale
$525,000
Pending
142 Madison St, Fitchburg, MA 01420
Three-family multifamily property with a consistent rental history and maintained condition in Fitchburg, Massachusetts.
Property Size3,591 SF
Days on Market104
Property Features for 142 Madison St
General Information
Standard status
Pending
Size
3,591 SF
Property subtype
3 Family
Building Details
Building Size
3,591 SF
Year Built
1920
Listing Agency:
R. D. Ledogar Real Estate
(978) 830-0035
Listed By:
Rosemarie Ledogar
(351) 213-1609
Source:
Iverty
Added: Jul 19
Changed: Oct 29
Last Checked: Oct 28 at 7:59AM
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 R. D. Ledogar Real Estate
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Investment Insights
Based on property information with market context.
This well-maintained three-family multifamily property offers three residential units and a proven rental history with consistent occupancy. The building is described as thoughtfully maintained over the years, reflecting pride of ownership and dependable income potential.
The property is located at 142 Madison St in Fitchburg, MA 01420, and is described as being just minutes from shopping, restaurants, public transportation, commuter routes, schools, parks, and medical facilities.
As a residential income property with three units, it is positioned for buyers seeking a straightforward income-generating multifamily configuration.
The property is located at 142 Madison St in Fitchburg, MA 01420, and is described as being just minutes from shopping, restaurants, public transportation, commuter routes, schools, parks, and medical facilities.
As a residential income property with three units, it is positioned for buyers seeking a straightforward income-generating multifamily configuration.
Key Highlights
- 3‑family multifamily property in Fitchburg, MA
- Year built: 1920
- Well‑maintained with a consistent rental history and dependable rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,244
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,880
$844.9K
Cap Rate 7%
$603,486
$603.5K
Cap Rate 9%
$469,378
$469.4K
Market Conditions
NOI Build-Up for 3,591 SF
Gross rent
$78.9K $21.96/SF
− Vacancy
−$2.1K −$0.57/SF
EGI
$76.8K $21.39/SF
− OpEx
−$34.6K −$9.63/SF
NOI
$42.2K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,880
Cap Rate 7%
$603,486
Cap Rate 9%
$469,378
Alternative Uses
Best Use
Multifamily LT 5
$693.5K
$606.8K – $809.0K
NOI $48,542 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$603.5K
$528.1K – $704.1K
NOI $42,244 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,839 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
296
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?
Triplex - Three-family multifamily property with a consistent rental history and maintained condition in Fitchburg, Massachusetts.
Where is this triplex located?
The property is located at 142 Madison St Fitchburg, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3‑family multifamily property in Fitchburg, MA; Year built: 1920; Well‑maintained with a consistent rental history and dependable rental income
