Move-In-Ready Two-Family
259 Beech St Fitchburg, MA 01420
For Sale
$499,000
Pending
Two move-in-ready units with separate utilities, updated interiors, and private enclosed porches.
Property Size2,944 SF
Days on Market16
Property Features for 259 Beech St
General Information
- Standard status
- Pending
- Size
- 2,944 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1902
Listing Agency:
Keller Williams Realty North Central
(603) 831-1087
Listed By:
Kelle O'Keefe · License #9068502
(603) 831-1087
Source:
Iverty
Added: Jul 12
Changed: Jul 24
Last Checked: Jul 24 at 2:57AM
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 North Central
Investment Insights
Based on property information with market context.
Move-in-ready two-family residence with lead certification and separate utilities. The property features updated bathrooms and full stainless steel appliances in both units, along with new Cali bamboo plank flooring. The first-floor unit offers three bedrooms, including a finished lower level with the third bedroom plus two additional bonus rooms that can support a home office, den, or gym; it also includes an exterior door to the backyard. The second unit provides two bedrooms with a large open kitchen and living room.
Both units include their own private enclosed porch. Recent exterior updates include a new rubber roof in 2024, along with new doors and trim and exterior metal wrapping of the windows. Fresh interior paint and HVAC updating/service are also noted, and the property includes a common electric panel.
Outside, a wraparound driveway provides rear parking, and the lot includes a storage shed and additional outdoor space described as having future potential.
Both units include their own private enclosed porch. Recent exterior updates include a new rubber roof in 2024, along with new doors and trim and exterior metal wrapping of the windows. Fresh interior paint and HVAC updating/service are also noted, and the property includes a common electric panel.
Outside, a wraparound driveway provides rear parking, and the lot includes a storage shed and additional outdoor space described as having future potential.
Key Highlights
- Move‑in‑ready 2‑family home built in 1902 with separate utilities for each unit
- Both units feature updated full stainless steel appliances and updated bathrooms
- 1st‑floor unit: 3 bedrooms plus a finished lower level with the 3rd bedroom and 2 bonus rooms
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 | $58.3k | $19.80 |
| − Vacancy | −$1.4k | −$0.49 |
| EGI | $56.9k | $19.31 |
| − OpEx | −$17.1k | −$5.79 |
| NOI | $39.8k | $13.52 |
2,944 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$568.5K
$497.5K – $663.3K
NOI $39,796 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$494.8K
$432.9K – $577.2K
NOI $34,633 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$1.01M
$879.7K – $1.17M
NOI $70,373 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two move-in-ready units with separate utilities, updated interiors, and private enclosed porches.
Where is this duplex located?
The property is located at 259 Beech St Fitchburg, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Move‑in‑ready 2‑family home built in 1902 with separate utilities for each unit; Both units feature updated full stainless steel appliances and updated bathrooms; 1st‑floor unit: 3 bedrooms plus a finished lower level with the 3rd bedroom and 2 bonus rooms
