Renovated
29 Mount Vernon Street Fitchburg, MA 01420
For Sale
$729,000
Renovated quadplex with multiple bedroom configurations, newer kitchens and baths, hardwood floors, and parking for 4 cars.
Property Size3,336 SF
Price / SF$218.53
Days on Market139
Property Features for 29 Mount Vernon Street
General Information
- Standard status
- Active
- Size
- 3,336 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency:
Perlera Real Estate
Listed By:
Arquimides Chinchilla
(617) 731-4644
Source:
Hammondre
Added: Mar 6
Changed: Jul 22
Last Checked: Jul 23 at 8:28AM
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 Perlera Real Estate
Investment Insights
Based on property information with market context.
This renovated quadplex is presented in great condition and has been recently updated with newer kitchens and baths. The unit mix includes a 1-bedroom apartment, a 3-bedroom unit, and a larger duplex-style third unit spread across two levels with 5 bedrooms and 2 full bathrooms. Hardwood floors are noted throughout, with additional emphasis on a newer kitchen in the larger duplex configuration.
The property provides parking for 4 cars, supporting convenient day-to-day access for tenants or occupants.
For sale as an income property, the building can be considered by investors seeking multiple units within one structure or by an owner-occupant looking for on-site living alongside rental income.
The property provides parking for 4 cars, supporting convenient day-to-day access for tenants or occupants.
For sale as an income property, the building can be considered by investors seeking multiple units within one structure or by an owner-occupant looking for on-site living alongside rental income.
Key Highlights
- Renovated quadplex (built 1900) with newer kitchens and baths throughout
- Unit mix: 1BR unit, 3BR unit, and a duplex with 5 bedrooms across 2 levels
- Hardwood floors in the units
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 | $66.1k | $19.80 |
| − Vacancy | −$1.6k | −$0.49 |
| EGI | $64.4k | $19.31 |
| − OpEx | −$19.3k | −$5.79 |
| NOI | $45.1k | $13.52 |
3,336 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$644.2K
$563.7K – $751.6K
NOI $45,095 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$560.6K
$490.6K – $654.1K
NOI $39,245 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.14M
$996.8K – $1.33M
NOI $79,744 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Renovated quadplex with multiple bedroom configurations, newer kitchens and baths, hardwood floors, and parking for 4 cars.
Where is this quadplex located?
The property is located at 29 Mount Vernon Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Renovated quadplex (built 1900) with newer kitchens and baths throughout; Unit mix: 1BR unit, 3BR unit, and a duplex with 5 bedrooms across 2 levels; Hardwood floors in the units
