Updated Duplex with New
New
For Sale
$350,000
24 Lawrence Street, Fitchburg, MA 01420
Two residential units offer the option to occupy one while leasing the other.
Property Size1,344 SF
Price / SF$260.42
Days on Market6
Property Features for 24 Lawrence Street
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty-Merrimack
Listed By:
Michael Powell
(978) 868-3500
Source:
Jbarrettrealty
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 5 at 8:38PM
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 Keller Williams Realty-Merrimack
Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 1,344-square-foot building constructed in 1900. Recent work includes a hot water tank installed in 2026, a boiler dating to 2019, fresh paint, replacement fencing, and a new balcony deck.
The two-unit configuration supports separate residential occupancy. At 24 Lawrence St in Fitchburg, the property is offered for sale.
The two-unit configuration supports separate residential occupancy. At 24 Lawrence St in Fitchburg, the property is offered for sale.
Key Highlights
- Two‑unit residential property
- 1,344‑square‑foot building, constructed in 1900
- Hot water tank installed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,168
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,360
$363.4K
Cap Rate 7%
$259,543
$259.5K
Cap Rate 9%
$201,867
$201.9K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$26.6K $19.80/SF
− Vacancy
−$657 −$0.49/SF
EGI
$26.0K $19.31/SF
− OpEx
−$7.8K −$5.79/SF
NOI
$18.2K $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%
$363,360
Cap Rate 7%
$259,543
Cap Rate 9%
$201,867
Alternative Uses
Best Use
Multifamily LT 5
$259.5K
$227.1K – $302.8K
NOI $18,168 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$225.9K
$197.6K – $263.5K
NOI $15,811 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$459.0K
$401.6K – $535.5K
NOI $32,127 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer the option to occupy one while leasing the other.
Where is this duplex located?
The property is located at 24 Lawrence Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit residential property; 1,344‑square‑foot building, constructed in 1900; Hot water tank installed in 2026
