Well-Maintained 3-Unit
142 Madison St Fitchburg, MA 01420
For Sale
$620,000
Three-family multifamily property with a consistent rental history and maintained condition in Fitchburg, Massachusetts.
Property Size3,591 SF
Price / SF$172.65
Days on Market8
Property Features for 142 Madison St
General Information
- Standard status
- Active
- Size
- 3,591 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1920
Listing Agency:
R. D. Ledogar Real Estate
(351) 213-1609
Listed By:
Rosemarie Ledogar · License #452508574
(351) 213-1609
Source:
Iverty
Added: Jul 19
Changed: Jul 25
Last Checked: Jul 25 at 5:08AM
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
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 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 | $71.1k | $19.80 |
| − Vacancy | −$1.8k | −$0.49 |
| EGI | $69.3k | $19.31 |
| − OpEx | −$20.8k | −$5.79 |
| NOI | $48.5k | $13.52 |
3,591 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$693.5K
$606.8K – $809.0K
NOI $48,542 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$603.5K
$528.1K – $704.1K
NOI $42,244 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,839 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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 $620,000.
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
