Two-Family Residential Income
3 Lynn Street Fitchburg, MA 01420
3 Lynn Street, Fitchburg, MA, 01420
$359,000
For Sale
$359,000
Move-in ready two-family with separate utilities, in-unit laundry hookups, and renovations including newer boilers and windows.
Property Size1,365 SF
Price / SF$263
Days on Market50
Property Features for 3 Lynn Street
General Information
- Standard status
- Active
- Size
- 1,365 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Pacesetters Real Estate
Listed by
Pamela Pace
(617) 661-6600
Source
Cambridgerealty
Added: Jun 3 Updated: Jul 20 at 8:45PM Checked: Jul 21 at 6:13AM
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 Pacesetters Real Estate
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate living units with distinct utility services and gas heating. The first-floor unit is vacant and has been recently renovated, including newer paint and a newer boiler, along with three bedrooms featuring maple floors and in-unit laundry hook-ups. The second-floor unit has a newer water heater and maple floors, with a tenant in place whose lease ends 9/30/26.
The home has been insulated by MOC from the basement to the attic, and newer double pane windows are installed throughout. A massive double wide driveway provides off-street parking for approximately 4 to 6 vehicles.
The property is being sold AS IS, with the current configuration suited to contractor, investor, or owner-occupant buyers seeking a move-in ready two-family setup.
The home has been insulated by MOC from the basement to the attic, and newer double pane windows are installed throughout. A massive double wide driveway provides off-street parking for approximately 4 to 6 vehicles.
The property is being sold AS IS, with the current configuration suited to contractor, investor, or owner-occupant buyers seeking a move-in ready two-family setup.
Key Highlights
- Two‑family home built in 1900 with separate utilities and gas heating for each unit
- First floor is vacant and has been recently renovated with newer paint and a newer boiler
- First floor features 3 bedrooms with maple floors and in‑unit laundry hook‑ups
Local 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 | $27.0k | $19.80 |
| − Vacancy | −$668 | −$0.49 |
| EGI | $26.4k | $19.31 |
| − OpEx | −$7.9k | −$5.79 |
| NOI | $18.5k | $13.52 |
1,365 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.6K
$230.7K – $307.5K
NOI $18,452 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$229.4K
$200.7K – $267.6K
NOI $16,058 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$466.1K
$407.9K – $543.8K
NOI $32,629 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in ready two-family with separate utilities, in-unit laundry hookups, and renovations including newer boilers and windows.
Where is this duplex located?
The property is located at 3 Lynn Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with separate utilities and gas heating for each unit; First floor is vacant and has been recently renovated with newer paint and a newer boiler; First floor features 3 bedrooms with maple floors and in‑unit laundry hook‑ups
