Updated Two-Unit Multifamily
191 High St Fitchburg, MA 01420
For Sale
$384,900
Two updated units with separate heat and electric, full basement, and off-street parking, delivered vacant at closing.
Property Size1,336 SF
Price / SF$288.10
Days on Market58
Property Features for 191 High St
General Information
- Standard status
- Active
- Size
- 1,336 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing Agency:
Coldwell Banker Realty - Leominster
(978) 660-9795
Listed By:
Michael Beaudoin · License #449518860
(978) 660-9795
Source:
Lockandkeyre
Added: May 27
Changed: Jul 22
Last Checked: Jul 23 at 5:14AM
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 nicely updated two-unit multifamily home offers two separate living units with eat-in kitchens, living rooms, bedrooms, and full bathrooms. Unit 1 includes a newer eat-in kitchen, laundry hookups, newer hardwood floors, fresh paint, updated light fixtures, and a pantry. The top-floor unit features an eat-in kitchen, living room, bedroom, and full bath, with two means of egress, along with fresh paint and new flooring and lighting.
The property has separate heat and electric for the units, with the landlord covering hot water and city sewer/water. Additional features include a full basement and a newer roof, plus off-street parking alongside available on-street parking. Both units are scheduled to be delivered vacant at closing.
The property has separate heat and electric for the units, with the landlord covering hot water and city sewer/water. Additional features include a full basement and a newer roof, plus off-street parking alongside available on-street parking. Both units are scheduled to be delivered vacant at closing.
Key Highlights
- Two‑unit multi‑family home with both units delivered vacant at closing
- Unit 1: newer eat‑in kitchen, full bath, laundry hookups, pantry, new hardwood floors, fresh paint, and updated light fixtures
- Top‑floor unit: eat‑in kitchen, full bath, two means of egress, fresh paint, and new flooring and lighting
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 | $26.5k | $19.80 |
| − Vacancy | −$653 | −$0.49 |
| EGI | $25.8k | $19.31 |
| − OpEx | −$7.7k | −$5.79 |
| NOI | $18.1k | $13.52 |
1,336 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.0K
$225.8K – $301.0K
NOI $18,060 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$224.5K
$196.5K – $262.0K
NOI $15,717 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$456.2K
$399.2K – $532.3K
NOI $31,936 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two updated units with separate heat and electric, full basement, and off-street parking, delivered vacant at closing.
Where is this duplex located?
The property is located at 191 High St Fitchburg, MA.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Two‑unit multi‑family home with both units delivered vacant at closing; Unit 1: newer eat‑in kitchen, full bath, laundry hookups, pantry, new hardwood floors, fresh paint, and updated light fixtures; Top‑floor unit: eat‑in kitchen, full bath, two means of egress, fresh paint, and new flooring and lighting
