Fitchburg Triplex with City
For Sale
$675,000
Pending
29 Mt. Vernon, Fitchburg, MA 01420
Well-maintained three-family home with city views and income potential.
Property Size3,336 SF
Lot Size0.14 Acres
Days on Market312
Property Features for 29 Mt. Vernon
General Information
Standard status
Pending
Size
3,336 SF
Lot size
0.14 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,260
Building Details
Building Size
3,336 SF
Year Built
1900
Stories
5
Units
3
Listing Agency:
The Hive Real Estate LLC
Listed By:
Marco Epifani · License #RES.0811575
(860) 786-2854
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 22
Last Checked: Oct 5 at 7:08PM
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 The Hive Real Estate LLC
Investment Insights
Based on property information with market context.
Located in Fitchburg, this three-family home offers city views. The property features two 2-bedroom units and one 5-bedroom unit. The property is suitable for owner-occupants or investors seeking rental income. Each unit is in good condition, with updated features and natural light. Off-street parking is available. The property provides access to local amenities.
Key Highlights
- Breathtaking city views
- House hacking opportunity with three units
- Strong rental income potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,095
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,900
$901.9K
Cap Rate 7%
$644,214
$644.2K
Cap Rate 9%
$501,056
$501.1K
Market Conditions
NOI Build-Up for 3,336 SF
Gross rent
$66.1K $19.80/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$64.4K $19.31/SF
− OpEx
−$19.3K −$5.79/SF
NOI
$45.1K $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%
$901,900
Cap Rate 7%
$644,214
Cap Rate 9%
$501,056
Alternative Uses
Best Use
Multifamily LT 5
$644.2K
$563.7K – $751.6K
NOI $45,095 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$560.6K
$490.6K – $654.1K
NOI $39,245 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.14M
$996.8K – $1.33M
NOI $79,744 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,007
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
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family home with city views and income potential.
Where is this triplex located?
The property is located at 29 Mt. Vernon Fitchburg, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Breathtaking city views; House hacking opportunity with three units; Strong rental income potential
