Two-Unit Home with
For Sale
$530,000
208 Woodland St, Fitchburg, MA 01420
Duplex with distinct living spaces, updated efficiency features, separate electric metering, and a detached garage.
Property Size1,878 SF
Price / SF$282.22
Days on Market52
Property Features for 208 Woodland St
General Information
Standard status
Active
Size
1,878 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
RB
Taxes and HOA fees
Annual Taxes
$5,882
Building Details
Building Size
1,878 SF
Year Built
1930
Stories
2
Listing Agency:
EXIT New Options Real Estate
(978) 345-3948
Listed By:
Kevin Cormier · License #454502671
(978) 660-1097
Source:
Churchillprop
Added: Aug 29
Changed: Oct 6
Last Checked: Oct 19 at 4:56AM
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 EXIT New Options Real Estate
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Investment Insights
Based on property information with market context.
This 1,878-square-foot duplex, built in 1930, combines two distinct residential units with period details and practical updates. The first-floor residence includes three bedrooms, a spacious living room, hardwood floors, built-ins, and bright, generously sized rooms. Upstairs, the one-bedroom unit adds bonus space suited to a home office. A new mini-split system provides heating and cooling, while insulation extending from the basement through the attic supports improved energy efficiency. Separate electric meters serve the units, and a detached one-car garage adds storage or parking capacity.
The property has views of Park Hill Park and is located at 208 Woodland Street in Fitchburg, Massachusetts. Its two-unit configuration supports multi-generational occupancy, owner use with rental income, or a traditional investment approach, as described by the available property details.
The property has views of Park Hill Park and is located at 208 Woodland Street in Fitchburg, Massachusetts. Its two-unit configuration supports multi-generational occupancy, owner use with rental income, or a traditional investment approach, as described by the available property details.
Key Highlights
- 1,878‑square‑foot duplex built in 1930
- First‑floor unit with 3 bedrooms and a spacious living room
- Second‑floor unit includes 1 bedroom plus bonus office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,386
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,720
$507.7K
Cap Rate 7%
$362,657
$362.7K
Cap Rate 9%
$282,067
$282.1K
Market Conditions
NOI Build-Up for 1,878 SF
Gross rent
$37.2K $19.80/SF
− Vacancy
−$918 −$0.49/SF
EGI
$36.3K $19.31/SF
− OpEx
−$10.9K −$5.79/SF
NOI
$25.4K $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 Rate 5%
$507,720
Cap Rate 7%
$362,657
Cap Rate 9%
$282,067
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.3K – $423.1K
NOI $25,386 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$315.6K
$276.2K – $368.2K
NOI $22,093 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$641.3K
$561.2K – $748.2K
NOI $44,892 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
259
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?
Duplex - Duplex with distinct living spaces, updated efficiency features, separate electric metering, and a detached garage.
Where is this duplex located?
The property is located at 208 Woodland St Fitchburg, MA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 1,878‑square‑foot duplex built in 1930; First‑floor unit with 3 bedrooms and a spacious living room; Second‑floor unit includes 1 bedroom plus bonus office space
