Three-Unit Property with Off-Street
For Sale
$525,000
159 East St, Fitchburg, MA 01420
Separate heating, fenced outdoor space, and basement storage complement the three-unit layout.
Property Size2,476 SF
Price / SF$212.04
Days on Market169
Property Features for 159 East St
General Information
Standard status
Active
Size
2,476 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
RA
Additional Details
Public Transit
Yes
Multifamily Units
3
Amenities
fenced yard
basement storage
Building Details
Building Size
2,476 SF
Year Built
1929
Stories
4
Listing Agency:
Coldwell Banker Realty - Leominster
Listed By:
T. Jay Johnson Jr.
(978) 423-9845
Source:
Cjbarrett
Added: May 1
Changed: Aug 29
Last Checked: May 28 at 5:47AM
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 Coldwell Banker Realty - Leominster
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Investment Insights
Based on property information with market context.
Located at 159 East Street in Fitchburg, Massachusetts, this 2476-square-foot triplex was built in 1929 and contains three residential units. Each unit has separate heating, while the property also includes a fenced yard, off-street parking, and basement storage. The studio is currently vacant and has been renovated with added insulation for improved energy efficiency.
Property updates include new windows, a recent roof, and multiple new appliances. The location is near FSU, a park, shopping, and commuter rail, providing access to several nearby amenities and transportation options. The combination of three units, a vacant studio, separate heating, and on-site parking supports a range of residential ownership and occupancy arrangements.
Property updates include new windows, a recent roof, and multiple new appliances. The location is near FSU, a park, shopping, and commuter rail, providing access to several nearby amenities and transportation options. The combination of three units, a vacant studio, separate heating, and on-site parking supports a range of residential ownership and occupancy arrangements.
Key Highlights
- 2476‑square‑foot triplex with 3 units, built in 1929
- Studio unit is currently vacant and includes added insulation
- Separate heating for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,470
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,400
$669.4K
Cap Rate 7%
$478,143
$478.1K
Cap Rate 9%
$371,889
$371.9K
Market Conditions
NOI Build-Up for 2,476 SF
Gross rent
$49.0K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$47.8K $19.31/SF
− OpEx
−$14.3K −$5.79/SF
NOI
$33.5K $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 Rate 5%
$669,400
Cap Rate 7%
$478,143
Cap Rate 9%
$371,889
Alternative Uses
Best Use
Multifamily LT 5
$478.1K
$418.4K – $557.8K
NOI $33,470 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$416.1K
$364.1K – $485.5K
NOI $29,128 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$845.5K
$739.8K – $986.4K
NOI $59,186 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
709
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate heating, fenced outdoor space, and basement storage complement the three-unit layout.
Where is this triplex located?
The property is located at 159 East 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: 2476‑square‑foot triplex with 3 units, built in 1929; Studio unit is currently vacant and includes added insulation; Separate heating for each unit
