Two-Family Residential
21 Burnap Street Fitchburg, MA 01420
For Sale
$620,000
Well maintained two-unit property with three-bedroom layouts, large living areas and kitchens, central A/C, and garages plus shed storage.
Property Size2,694 SF
Price / SF$230.14
Days on Market102
Property Features for 21 Burnap Street
General Information
- Standard status
- Active
- Size
- 2,694 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing Agency:
Coldwell Banker Realty - Worcester
(508) 795-7500
Listed By:
Noeci Rocha · License #9570050
(508) 795-7500
Source:
Compass
Added: Apr 13
Changed: Jul 22
Last Checked: Jul 23 at 10:20AM
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 - Worcester
Investment Insights
Based on property information with market context.
Well maintained two-family property offering two residential units, each with three bedrooms, large living rooms, and kitchens. Both units have central A/C. The property includes a good-sized backyard for outdoor use and a large shed for additional storage. A two-car garage with extra space provides room for storage or potential conversion, subject to buyer due diligence.
The property is being sold as-is. The current configuration includes tenants, and the property is noted at $4,600 monthly with current tenants in place.
This is a residential income property designed for dual-occupancy or investment use, with separate unit living spaces and on-site storage features supporting day-to-day functionality.
The property is being sold as-is. The current configuration includes tenants, and the property is noted at $4,600 monthly with current tenants in place.
This is a residential income property designed for dual-occupancy or investment use, with separate unit living spaces and on-site storage features supporting day-to-day functionality.
Key Highlights
- Two‑family property built in 1900 with 2 full baths total
- Three bedrooms per unit with large living rooms and kitchens
- Central A/C in both units
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 | $53.3k | $19.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $52.0k | $19.31 |
| − OpEx | −$15.6k | −$5.79 |
| NOI | $36.4k | $13.52 |
2,694 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$520.2K
$455.2K – $607.0K
NOI $36,417 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$452.7K
$396.2K – $528.2K
NOI $31,692 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$920.0K
$805.0K – $1.07M
NOI $64,397 @ 7.0% cap · market cap 10.39%
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 - Well maintained two-unit property with three-bedroom layouts, large living areas and kitchens, central A/C, and garages plus shed storage.
Where is this duplex located?
The property is located at 21 Burnap Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Two‑family property built in 1900 with 2 full baths total; Three bedrooms per unit with large living rooms and kitchens; Central A/C in both units
