Two-Unit Duplex with
New
For Sale
$539,999
256 Plymouth Street, Fitchburg, MA 01420
Each floor has a three-bedroom, one-bath apartment, with on-site parking and a garage.
Property Size2,312 SF
Lot Size0.25 Acres
Price / SF$233.56
Days on Market5
Property Features for 256 Plymouth Street
General Information
Standard status
Active
Size
2,312 SF
Lot size
0.25 Acres
Property subtype
Multi-family
Lease Term
[]
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1910
Stories
2
Listing Agency:
Hacienda Realty
Listed By:
Rosa Martinez
(617) 447-6603
Source:
Foster-healey
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 1:52PM
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 Hacienda Realty
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Investment Insights
Based on property information with market context.
Built in 1910, this two-family property provides 2,312 square feet of living area across two apartments, one on each floor. Each unit has three bedrooms, one bathroom, and five rooms. Interior features include wood and laminate flooring, with a basement and attic. City water and sewer serve the property, and hot water is supplied by natural gas.
The 0.25-acre corner parcel measures 11,038 square feet and accommodates parking for up to 11 vehicles, in addition to the garage. Public transportation, shopping, medical facilities, a laundromat, public schools, and highway access are nearby.
The 0.25-acre corner parcel measures 11,038 square feet and accommodates parking for up to 11 vehicles, in addition to the garage. Public transportation, shopping, medical facilities, a laundromat, public schools, and highway access are nearby.
Key Highlights
- Two apartments, each with 3 bedrooms, 1 bathroom, and 5 rooms
- 2,312 square feet of living space
- 1910 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,253
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,060
$625.1K
Cap Rate 7%
$446,471
$446.5K
Cap Rate 9%
$347,256
$347.3K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$45.8K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$44.6K $19.31/SF
− OpEx
−$13.4K −$5.79/SF
NOI
$31.3K $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 Rate 5%
$625,060
Cap Rate 7%
$446,471
Cap Rate 9%
$347,256
Alternative Uses
Best Use
Multifamily LT 5
$446.5K
$390.7K – $520.9K
NOI $31,253 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$388.5K
$340.0K – $453.3K
NOI $27,198 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$789.5K
$690.8K – $921.1K
NOI $55,266 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
236
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each floor has a three-bedroom, one-bath apartment, with on-site parking and a garage.
Where is this duplex located?
The property is located at 256 Plymouth Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $539,999.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms, 1 bathroom, and 5 rooms; 2,312 square feet of living space; 1910 construction
