Three-Family Property with Fenced
New
For Sale
$619,900
272 South St, Fitchburg, MA 01420
Corner-lot multifamily property with separate utilities, laundry connections, off-street parking, and highway access.
Property Size4,027 SF
Days on Market2
Property Features for 272 South St
General Information
Standard status
Active
Size
4,027 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,561
Amenities
paved off-street parking
fenced yard
partially finished basement
laundry connections
separate utilities
Building Details
Building Size
4,027 SF
Year Built
1900
Stories
3
Units
3
Listing Agency:
Coldwell Banker Realty - Leominster
Listed By:
T. Jay Johnson Jr.
(978) 423-9845
Source:
Elliman
Added: Sep 4
Last Checked: Sep 4 at 2:23PM
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 Coldwell Banker Realty - Leominster
Investment Insights
Based on property information with market context.
Built in 1900, this three-family property provides over 4,000 sq. ft. of living space with 8 bedrooms and 4 bathrooms. The configuration includes separate utilities and laundry connections for each unit, along with a partially finished basement, paved off-street parking, and a fenced yard. The property is positioned on a corner lot at 272 South St in Fitchburg.
Major highway access is nearby, and the property is close to Fitchburg State University, Great Wolf Lodge New England, Game On Sports Complex, Mount Wachusett Ski Area, shopping centers, restaurants, and entertainment venues. Walk Score is 56, Bike Score is 36, and Transit Score is 38.
Major highway access is nearby, and the property is close to Fitchburg State University, Great Wolf Lodge New England, Game On Sports Complex, Mount Wachusett Ski Area, shopping centers, restaurants, and entertainment venues. Walk Score is 56, Bike Score is 36, and Transit Score is 38.
Key Highlights
- Three‑family property with over 4,000 sq. ft. of living space
- 8 bedrooms and 4 bathrooms
- Separate utilities and laundry connections 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
$54,436
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
8.78%
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%
$1,088,720
$1.1M
Cap Rate 7%
$777,657
$777.7K
Cap Rate 9%
$604,844
$604.8K
Market Conditions
NOI Build-Up for 4,027 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
$79.7K $19.80/SF
− Vacancy
−$2.0K −$0.49/SF
EGI
$77.8K $19.31/SF
− OpEx
−$23.3K −$5.79/SF
NOI
$54.4K $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%
$1,088,720
Cap Rate 7%
$777,657
Cap Rate 9%
$604,844
Alternative Uses
Best Use
Multifamily LT 5
$777.7K
$680.5K – $907.3K
NOI $54,436 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$676.8K
$592.2K – $789.6K
NOI $47,374 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.38M
$1.20M – $1.60M
NOI $96,261 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
296
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Corner-lot multifamily property with separate utilities, laundry connections, off-street parking, and highway access.
Where is this triplex located?
The property is located at 272 South St Fitchburg, MA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Three‑family property with over 4,000 sq. ft. of living space; 8 bedrooms and 4 bathrooms; Separate utilities and laundry connections for each unit
