381 Summer Street, Fitchburg, MA 01420
MULTI_FAMILY - Fitchburg, MA
- Added:
- Jul 1, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 5 at 3:06 pm
Property Features for 381 Summer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CBD
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1
- Parking
- 12
- Standard status
- Active
- APN
- 1508376
- Size
- 2,018 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7414
Building Details
- Year built
- 2015
- Floors in Building
- 2
- Number of units
- 2
Listing agent Rochelle Jonswold (978) 840-9000
Listing office Keller Williams Realty North Central 670 Mechanic Street, MA (978) 840-9000
Listing date Jul 1, 2026
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2015‑built mixed‑use property with a plumbing company on the first floor
- Large exterior footprint with tons of off‑street parking plus an oversized 2‑car garage
- Upper‑level 1‑bedroom apartment with hardwood floors, stainless steel appliances, and recessed lighting
- Upper unit includes mini splits and lots of closet space
- Second‑floor layout includes 2 half baths (one could be converted to a full bath) and could have 2 bedrooms
Overview
Located at 381 Summer Street in Fitchburg, Massachusetts, the property sits on a CBD-zoned site of 0.23 acres. The overall setup is designed for easy on-site access and parking, supporting a commercial presence alongside residential use.
For tenants, owners, or buyers seeking a straightforward live-and-work format, the second-floor apartment features hardwood surfaces, stainless steel appliances, recessed lighting, mini splits, and ample closet space. The combination of an operating first-floor business space and an apartment above can appeal to users who want both income-producing and personal living options within the same building.
Local Financial Insights For Office B
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 | $60.5k | $30.00 |
| − Vacancy | −$11.5k | −$5.70 |
| EGI | $49.0k | $24.30 |
| − OpEx | −$12.3k | −$6.08 |
| NOI | $36.8k | $18.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fitchburg
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.774472
- Latitude
- 42.570962
