Three-Unit Residential
146 Charles Street, Fitchburg, MA 01420
For Sale
$499,900
Two units are occupied, with one unit currently vacant.
Property Size2,426 SF
Price / SF$206.06
Days on Market8
Property Features for 146 Charles Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Realty ONE Group Nest
Listed By:
Anibal Mendez
(978) 902-7925
Source:
Jbarrettrealty
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 6:29AM
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 Realty ONE Group Nest
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Investment Insights
Based on property information with market context.
The property contains three residential units across 2,426 square feet. Built in 1900, the building is zoned NB. Two units are occupied, and the remaining unit is vacant.
Located in Fitchburg, the property is near shopping, schools, transportation, local amenities, and major routes.
Located in Fitchburg, the property is near shopping, schools, transportation, local amenities, and major routes.
Key Highlights
- Three residential units in 2,426 square feet
- Two units occupied and one unit vacant
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,794
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,880
$655.9K
Cap Rate 7%
$468,486
$468.5K
Cap Rate 9%
$364,378
$364.4K
Market Conditions
NOI Build-Up for 2,426 SF
Gross rent
$48.0K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$46.8K $19.31/SF
− OpEx
−$14.1K −$5.79/SF
NOI
$32.8K $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%
$655,880
Cap Rate 7%
$468,486
Cap Rate 9%
$364,378
Alternative Uses
Best Use
Multifamily LT 5
$468.5K
$409.9K – $546.6K
NOI $32,794 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$407.7K
$356.7K – $475.7K
NOI $28,539 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$828.4K
$724.9K – $966.5K
NOI $57,991 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
755
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
$294,600
Median Home Value
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Market
Average Price Trend$/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 - Two units are occupied, with one unit currently vacant.
Where is this triplex located?
The property is located at 146 Charles Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three residential units in 2,426 square feet; Two units occupied and one unit vacant; Built in 1900
