Updated-Kitchen
New
For Sale
$484,900
215-217 Marshall St, Fitchburg, MA 01420
Both apartments have separate utilities and basement washer and dryer connections.
Property Size2,616 SF
Price / SF$185.36
Days on Market7
Property Features for 215-217 Marshall St
General Information
Standard status
Active
Size
2,616 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
washer/dryer hookups
Building Details
Year Built
1920
Listing Agency:
LAER Realty Partners
(978) 537-4971
Listed By:
Tracy Sladen
(978) 870-7572
Source:
Lockandkeyre
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 14 at 11:32PM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This 2,616-square-foot duplex, built in 1920, contains two apartments with remodeled kitchens and bathrooms. Kitchen updates include cabinets, countertops, and appliances; bathroom work includes tile, flooring, vanities, and toilets. Improvements also include new porches for both units, granite front steps, railings, and wiring in the basement, first floor, porches, and hallways. The property has newer boilers and recently installed hot water tanks.
The property is near downtown Fitchburg, Fitchburg State University, commuter rail, and Route 2. Each apartment has separate utilities, and washer and dryer hookups are located in the basement.
The property is near downtown Fitchburg, Fitchburg State University, commuter rail, and Route 2. Each apartment has separate utilities, and washer and dryer hookups are located in the basement.
Key Highlights
- Two‑family duplex with 2,616 square feet
- Remodeled kitchens with new cabinets, countertops, and appliances
- Updated bathrooms with tile, flooring, vanities, and toilets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,362
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,240
$707.2K
Cap Rate 7%
$505,171
$505.2K
Cap Rate 9%
$392,911
$392.9K
Market Conditions
NOI Build-Up for 2,616 SF
Gross rent
$51.8K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$50.5K $19.31/SF
− OpEx
−$15.2K −$5.79/SF
NOI
$35.4K $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%
$707,240
Cap Rate 7%
$505,171
Cap Rate 9%
$392,911
Alternative Uses
Best Use
Multifamily LT 5
$505.2K
$442.0K – $589.4K
NOI $35,362 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$439.6K
$384.7K – $512.9K
NOI $30,775 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$893.3K
$781.7K – $1.04M
NOI $62,533 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
332
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have separate utilities and basement washer and dryer connections.
Where is this duplex located?
The property is located at 215-217 Marshall St Fitchburg, MA.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Two‑family duplex with 2,616 square feet; Remodeled kitchens with new cabinets, countertops, and appliances; Updated bathrooms with tile, flooring, vanities, and toilets
