Three-Unit Multifamily
233 Clarendon Street Fitchburg, MA 01420
233 Clarendon Street, Fitchburg, MA, 01420
$625,000
Pending
For Sale
$625,000
Pending
Well-maintained three-family home with separate entrances, covered porches, and multiple parking spots.
Property Size3,414 SF
Days on Market63
Property Features for 233 Clarendon Street
General Information
- Standard status
- Pending
- Size
- 3,414 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1907
Listing agency
Lamacchia Realty, Inc.
(978) 340-9648
Listed by
Christine Lorenzen
(978) 340-9648
Source
Lockandkeyre
Added: May 21 Updated: Jul 21 at 3:09AM Checked: Jul 21 at 3:09AM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This well-maintained three-family residence offers three separate units, each with its own covered porch and separate entrance. The layout includes spacious floor plans with a foyer, living room with hardwood floors, large eat-in kitchen, three bedrooms with closet space and hardwood floors, a full bath, and laundry connections. The property includes a two-car garage, two driveways for parking, and a flat fenced backyard. Updates include electrical panel upgrades, replacement windows, and a new roof installed in 2024. Each unit and the common area are metered separately, and heat and hot water are included in the rents. The second-floor unit is lead paint compliant.
Located at 233 Clarendon Street in Fitchburg, MA, the property is described as convenient to shopping, restaurants, commuter routes, and commuter rail.
With three full baths and a total of 15 rooms across the home, this property is positioned as a versatile residential income asset for both owner-occupants and investors.
Located at 233 Clarendon Street in Fitchburg, MA, the property is described as convenient to shopping, restaurants, commuter routes, and commuter rail.
With three full baths and a total of 15 rooms across the home, this property is positioned as a versatile residential income asset for both owner-occupants and investors.
Key Highlights
- Well‑maintained three‑family home built in 1907 with separate entrances for each unit
- 3 full baths and 9 bedrooms across 3 units, with each unit featuring its own covered porch
- Total of 15 rooms plus hardwood floors, foyer, sun‑filled living room, and large eat‑in kitchen in each unit
Local 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 | $67.6k | $19.80 |
| − Vacancy | −$1.7k | −$0.49 |
| EGI | $65.9k | $19.31 |
| − OpEx | −$19.8k | −$5.79 |
| NOI | $46.1k | $13.52 |
3,414 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$659.3K
$576.9K – $769.2K
NOI $46,149 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$573.7K
$502.0K – $669.4K
NOI $40,162 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,608 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family home with separate entrances, covered porches, and multiple parking spots.
Where is this triplex located?
The property is located at 233 Clarendon Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Well‑maintained three‑family home built in 1907 with separate entrances for each unit; 3 full baths and 9 bedrooms across 3 units, with each unit featuring its own covered porch; Total of 15 rooms plus hardwood floors, foyer, sun‑filled living room, and large eat‑in kitchen in each unit
