Corner-Lot Duplex with Private Outdoor
For Sale
$419,900
25-27 Brier Street, Fitchburg, MA 01420
Two-unit residential property with separate utilities, updated windows, outdoor spaces, and a detached storage shed.
Property Size1,576 SF
Price / SF$266.43
Days on Market145
Property Features for 25-27 Brier Street
General Information
Standard status
Active
Size
1,576 SF
Total Parking Spaces
4
Property subtype
Multi-family / 2 Family - 2 Units Up/Down
Zoning
RB
Net Operating Income
$30,000
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,657
Amenities
patio block
composite stairs/decking
private sitting area
storage shed
No
Vinyl, Carpet, Hardwood
Range, Dishwasher, Refrigerator, Washer/Dryer
Insulated Doors
2.0
Insulated Windows
Electric Dryer Hookup, Washer Hookup
Full, Bulkhead, Concrete Floor
Bathroom with Shower Stall, Open Floorplan, Living Room, Kitchen, Sunroom
2
2.00
Frame
Shingle, Rubber
Corner Lot, Cleared, Gentle Sloping, Level
Shed(s)
Rain Gutters, Fruit Trees, Porch, Deck - Composite, Patio, Covered Patio/Deck
Porch, Deck - Composite, Patio, Covered
Building Details
Year Built
1920
Listing Agency:
LAER Realty Partners
(978) 534-3100
Listed By:
Lauren McNamara · License #9036935
(978) 534-3100
Source:
Compass
Added: Apr 9
Changed: Aug 30
Last Checked: Aug 30 at 3:07PM
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 1,576-square-foot duplex, constructed in 1920, contains two residential units with separate natural gas heating systems and water heaters. The property includes vinyl siding, replacement windows, newer carpeting, circuit breakers serving each unit, and a concrete unfinished basement with bulkhead access. Interior features include kitchens, living rooms, sunrooms, two bathrooms, and in-unit laundry hookups.
Set on a corner lot in Fitchburg, the property offers a level, cleared yard with gentle slopes, a storage shed, fruit trees, patio space, a covered porch, and composite decking. The two units have distinct exterior areas, including a patio and private sitting space. RB zoning is identified for the property, which is located at 25-27 Brier Street.
Set on a corner lot in Fitchburg, the property offers a level, cleared yard with gentle slopes, a storage shed, fruit trees, patio space, a covered porch, and composite decking. The two units have distinct exterior areas, including a patio and private sitting space. RB zoning is identified for the property, which is located at 25-27 Brier Street.
Key Highlights
- Two‑unit duplex at 25‑27 Brier Street, Fitchburg, MA 01420
- 1,576 square feet on a corner lot
- Separate natural gas heat and water heaters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,304
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,080
$426.1K
Cap Rate 7%
$304,343
$304.3K
Cap Rate 9%
$236,711
$236.7K
Market Conditions
NOI Build-Up for 1,576 SF
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.
Gross rent
$31.2K $19.80/SF
− Vacancy
−$771 −$0.49/SF
EGI
$30.4K $19.31/SF
− OpEx
−$9.1K −$5.79/SF
NOI
$21.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,080
Cap Rate 7%
$304,343
Cap Rate 9%
$236,711
Alternative Uses
Best Use
Multifamily LT 5
$304.3K
$266.3K – $355.1K
NOI $21,304 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$264.9K
$231.8K – $309.0K
NOI $18,540 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$538.2K
$470.9K – $627.9K
NOI $37,673 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
775
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 - Two-unit residential property with separate utilities, updated windows, outdoor spaces, and a detached storage shed.
Where is this duplex located?
The property is located at 25-27 Brier Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Two‑unit duplex at 25‑27 Brier Street, Fitchburg, MA 01420; 1,576 square feet on a corner lot; Separate natural gas heat and water heaters for each unit
