Three-Family Residential Income
16-18 Walnut Street Fitchburg, MA 01420
16-18 Walnut Street, Fitchburg, MA, 01420
$540,000
For Sale
$540,000
Well-sized three-family home with off-street parking, fenced backyard, and a 3-car garage.
Property Size2,815 SF
Price / SF$191.83
Days on Market30
Property Features for 16-18 Walnut Street
General Information
- Standard status
- Active
- Size
- 2,815 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
eXp Realty LLC
(978) 710-5616
Listed by
Candor Investment Group
Source
Stevebremis
Added: Jun 24 Updated: Jul 22 at 3:59AM Checked: Jul 22 at 3:59AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This well-sized three-family property offers over 3,000 square feet of living space, with each unit featuring generous layouts. The home includes a 3-car garage, ample off-street parking, a fenced backyard, and a storage shed. Additional bonus space is also included for storage or other flexible use.
The property is located near shopping, restaurants, public transportation, commuter routes, and local amenities in Fitchburg, Massachusetts.
An open house is scheduled for Saturday 6/27 and Sunday 6/28 from 11:00am to 12:30pm.
The property is located near shopping, restaurants, public transportation, commuter routes, and local amenities in Fitchburg, Massachusetts.
An open house is scheduled for Saturday 6/27 and Sunday 6/28 from 11:00am to 12:30pm.
Key Highlights
- Three‑family home with over 3,000 sq ft of living space
- Each unit offers generous layouts with strong rental potential (per remarks)
- 3‑car garage plus ample off‑street parking
Local 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 | $55.7k | $19.80 |
| − Vacancy | −$1.4k | −$0.49 |
| EGI | $54.4k | $19.31 |
| − OpEx | −$16.3k | −$5.79 |
| NOI | $38.1k | $13.52 |
2,815 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.6K
$475.7K – $634.2K
NOI $38,052 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$473.1K
$414.0K – $551.9K
NOI $33,116 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$961.3K
$841.1K – $1.12M
NOI $67,290 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-sized three-family home with off-street parking, fenced backyard, and a 3-car garage.
Where is this triplex located?
The property is located at 16-18 Walnut Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Three‑family home with over 3,000 sq ft of living space; Each unit offers generous layouts with strong rental potential (per remarks); 3‑car garage plus ample off‑street parking
