Two-Family Duplex with Separate
For Sale
$410,000
160 Wanoosnoc Rd, Fitchburg, MA 01420
The vacant first-floor unit is ready for immediate occupancy, and the property has separate utilities.
Property Size1,733 SF
Price / SF$236.58
Days on Market151
Property Features for 160 Wanoosnoc Rd
General Information
Standard status
Active
Size
1,733 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
RA
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,658
Amenities
false
Forced Air, Natural Gas, Unit Control, Wood Stove, Central, Electric
Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Tile, Vinyl, Carpet, Laminate, Hardwood, Wood
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Wood Burning
Ceiling Fan(s), Lead Certification Available, Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den
No
Shingle,Rubber
Rain Gutters
Public Transportation, Shopping, Pool, Medical Facility, Highway Access, Private School, Public School, T-Station, University
for Electric Range, for Electric Dryer, Washer Hookup
4
Building Details
Year Built
1920
Stories
2
Listing Agency:
Coldwell Banker Realty - Leominster
Listed By:
T. Jay Johnson Jr.
Source:
Arborviewrealtyinc
Added: Apr 5
Changed: Aug 29
Last Checked: Apr 22 at 10:48AM
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
Investment Insights
Based on property information with market context.
This 1,733-square-foot duplex, built in 1920, contains two residential units on a corner lot. The first-floor apartment is vacant and available for immediate occupancy. Separate utilities support distinct unit operations, while documented property updates include roof work in 2009 and 2024, lead compliance certifications from 2017, a replacement furnace installed in 2018, and new electric panels and main service completed in 2023.
The property is located at 160 Wanoosnoc Road in Fitchburg, near Route 2, FSU, shopping, and other local amenities. Fitchburg commuter rail service to Boston is also nearby. The two-unit layout provides a residential income configuration with one unit currently available for occupancy.
The property is located at 160 Wanoosnoc Road in Fitchburg, near Route 2, FSU, shopping, and other local amenities. Fitchburg commuter rail service to Boston is also nearby. The two-unit layout provides a residential income configuration with one unit currently available for occupancy.
Key Highlights
- Two‑unit duplex on a corner lot
- 1,733 square feet; built in 1920
- First‑floor unit vacant and ready for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,426
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$468,520
$468.5K
Cap Rate 7%
$334,657
$334.7K
Cap Rate 9%
$260,289
$260.3K
Market Conditions
NOI Build-Up for 1,733 SF
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.
Gross rent
$34.3K $19.80/SF
− Vacancy
−$848 −$0.49/SF
EGI
$33.5K $19.31/SF
− OpEx
−$10.0K −$5.79/SF
NOI
$23.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$468,520
Cap Rate 7%
$334,657
Cap Rate 9%
$260,289
Alternative Uses
Best Use
Multifamily LT 5
$334.7K
$292.8K – $390.4K
NOI $23,426 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$291.2K
$254.8K – $339.8K
NOI $20,387 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$591.8K
$517.8K – $690.4K
NOI $41,426 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
517
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The vacant first-floor unit is ready for immediate occupancy, and the property has separate utilities.
Where is this duplex located?
The property is located at 160 Wanoosnoc Rd Fitchburg, MA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑unit duplex on a corner lot; 1,733 square feet; built in 1920; First‑floor unit vacant and ready for immediate occupancy
