Three-Unit Multifamily
For Sale
$669,900
Pending
23-25 Brigham Park, Fitchburg, MA 01420
Unit mix includes four-, two-, and one-bedroom layouts with laundry in each residence.
Property Size3,394 SF
Days on Market50
Property Features for 23-25 Brigham Park
General Information
Standard status
Pending
Size
3,394 SF
Property subtype
3 Family
Building Details
Year Built
1910
Listing Agency:
P&Co Real Estate
(978) 409-1407
Listed By:
Giselle Pajazetovic · License #9583748
(617) 501-8512
Source:
Lockandkeyre
Added: Aug 18
Changed: Oct 6
Last Checked: Oct 5 at 6:09PM
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 P&Co Real Estate
Investment Insights
Based on property information with market context.
This 1910 triplex contains three residential units with varied layouts. The first-floor residence extends across the home and includes four bedrooms, 1.5 baths, central heat and air conditioning, in-unit laundry, a mudroom, and an updated kitchen with stainless steel appliances. Its fourth bedroom has a Philadelphia-style layout. The second-floor apartment provides one bedroom and one bath, electric heat, and in-unit laundry; it is currently vacant. The third unit offers two bedrooms, one bath, central heat and air conditioning, in-unit laundry with a washer and dryer, a pantry area, refrigerator, and electric range.
The property is located at 23-25 Brigham Park in Fitchburg’s Moran Square neighborhood, near downtown Fitchburg, Fitchburg State University, and the MBTA commuter rail station. Walk Score is 66, Transit Score is 47, and Bike Score is 46. Units 1 and 3 are occupied by tenants at will.
The property is located at 23-25 Brigham Park in Fitchburg’s Moran Square neighborhood, near downtown Fitchburg, Fitchburg State University, and the MBTA commuter rail station. Walk Score is 66, Transit Score is 47, and Bike Score is 46. Units 1 and 3 are occupied by tenants at will.
Key Highlights
- Three‑unit property with 4‑bedroom, 1‑bedroom, and 2‑bedroom residences
- First‑floor unit includes 4 bedrooms, 1.5 baths, central heat and air conditioning, and an updated kitchen
- Second‑floor 1‑bedroom unit is currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,879
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,580
$917.6K
Cap Rate 7%
$655,414
$655.4K
Cap Rate 9%
$509,767
$509.8K
Market Conditions
NOI Build-Up for 3,394 SF
Gross rent
$67.2K $19.80/SF
− Vacancy
−$1.7K −$0.49/SF
EGI
$65.5K $19.31/SF
− OpEx
−$19.7K −$5.79/SF
NOI
$45.9K $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%
$917,580
Cap Rate 7%
$655,414
Cap Rate 9%
$509,767
Alternative Uses
Best Use
Multifamily LT 5
$655.4K
$573.5K – $764.7K
NOI $45,879 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$570.4K
$499.1K – $665.5K
NOI $39,927 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,130 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
824
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?
Triplex - Unit mix includes four-, two-, and one-bedroom layouts with laundry in each residence.
Where is this triplex located?
The property is located at 23-25 Brigham Park Fitchburg, MA.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: Three‑unit property with 4‑bedroom, 1‑bedroom, and 2‑bedroom residences; First‑floor unit includes 4 bedrooms, 1.5 baths, central heat and air conditioning, and an updated kitchen; Second‑floor 1‑bedroom unit is currently vacant
