Renovated Two-Family
For Sale
$579,000
Pending
329 Beech St, Fitchburg, MA 01420
Recently renovated two-family home with six bedrooms and ample parking.
Property Size2,281 SF
Lot Size0.08 Acres
Days on Market110
Property Features for 329 Beech St
General Information
Standard status
Pending
Size
2,281 SF
Lot size
0.08 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,488
Building Details
Building Size
2,281 SF
Year Built
1930
Stories
2
Units
2
Listing Agency:
Perlera Real Estate
(617) 970-6278
Listed By:
Arquimides Chinchilla · License #9061399
(617) 970-6278
Source:
Elliman
Added: May 15
Changed: Aug 8
Last Checked: Jul 30 at 6:18AM
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.
Located in Fitchburg, MA, 329 Beech St is a renovated two-family home built in 1930. The property offers 2281 square feet of living space. It features six bedrooms and two full bathrooms distributed across two stories. The home includes an open-concept kitchen and laminated flooring. Situated on a 3633 square foot lot, the property includes two driveways with space for six cars. The location has a walk score of 65, indicating it is somewhat walkable, a bike score of 34, indicating it is somewhat bikeable, and a transit score of 43, indicating some transit options are available. This multi-family residence offers an opportunity for flexible living arrangements or investment.
Key Highlights
- Recently renovated two‑family home.
- Six bedrooms provide ample living space.
- Two full bathrooms offer convenience for all residents.
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
$30,834
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
5.33%
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%
$616,680
$616.7K
Cap Rate 7%
$440,486
$440.5K
Cap Rate 9%
$342,600
$342.6K
Market Conditions
NOI Build-Up for 2,281 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
$45.2K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$44.0K $19.31/SF
− OpEx
−$13.2K −$5.79/SF
NOI
$30.8K $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%
$616,680
Cap Rate 7%
$440,486
Cap Rate 9%
$342,600
Alternative Uses
Best Use
Multifamily LT 5
$440.5K
$385.4K – $513.9K
NOI $30,834 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$383.3K
$335.4K – $447.2K
NOI $26,834 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$778.9K
$681.6K – $908.8K
NOI $54,525 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
292
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?
Duplex - Recently renovated two-family home with six bedrooms and ample parking.
Where is this duplex located?
The property is located at 329 Beech St Fitchburg, MA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Recently renovated two‑family home.; Six bedrooms provide ample living space.; Two full bathrooms offer convenience for all residents.
