Four-Unit Property with
For Sale
$799,900
Pending
270 Fairmount St, Fitchburg, MA 01420
Three-bedroom and two-bedroom layouts create a varied unit mix within this multifamily property.
Property Size3,960 SF
Days on Market51
Property Features for 270 Fairmount St
General Information
Standard status
Pending
Size
3,960 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
RC
Units
Unit Mix
3 x 3BR, 1 x 2BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,181
Building Details
Building Size
3,960 SF
Year Built
1935
Listing Agency:
Keller Williams Realty
Listed By:
Team Valdez Mejia
(978) 873-2554
Source:
413realestate
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 5:09AM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes three 3-bedroom residences and one 2-bedroom residence, offering a mix of layouts within the building. The property also includes a one-car garage, with potential for additional use or future ADU development subject to zoning, permitting, and applicable city requirements.
Built in 1935, the property is located at 270 Fairmount Street in Fitchburg, Massachusetts. Its four-unit configuration supports both investor and owner-occupant considerations, while the garage adds a separate functional component to the property. Buyers and their agents should complete independent due diligence regarding the building, unit configuration, garage use, zoning, permitting, and any potential ADU plans.
Built in 1935, the property is located at 270 Fairmount Street in Fitchburg, Massachusetts. Its four-unit configuration supports both investor and owner-occupant considerations, while the garage adds a separate functional component to the property. Buyers and their agents should complete independent due diligence regarding the building, unit configuration, garage use, zoning, permitting, and any potential ADU plans.
Key Highlights
- Four‑family property with three 3‑bedroom units and one 2‑bedroom unit
- 3,960 property size
- One‑car garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,530
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,600
$1.1M
Cap Rate 7%
$764,714
$764.7K
Cap Rate 9%
$594,778
$594.8K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$78.4K $19.80/SF
− Vacancy
−$1.9K −$0.49/SF
EGI
$76.5K $19.31/SF
− OpEx
−$22.9K −$5.79/SF
NOI
$53.5K $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%
$1,070,600
Cap Rate 7%
$764,714
Cap Rate 9%
$594,778
Alternative Uses
Best Use
Multifamily LT 5
$764.7K
$669.1K – $892.2K
NOI $53,530 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$665.5K
$582.3K – $776.4K
NOI $46,585 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,660 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
232
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
Frequently Asked Questions
What type of property is this?
Quadplex - Three-bedroom and two-bedroom layouts create a varied unit mix within this multifamily property.
Where is this quadplex located?
The property is located at 270 Fairmount St Fitchburg, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four‑family property with three 3‑bedroom units and one 2‑bedroom unit; 3,960 property size; One‑car garage included
