381 Summer Street, Fitchburg, MA 01420
MULTI_FAMILY - Fitchburg, MA
- Added:
- Nov 23, 2025
- Days on Market:
- 203
- Last Refresh:
- Jun 14 at 3:06 am
Property Features for 381 Summer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CBD
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 1, 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 Nov 23, 2025
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HighLights
- 2015‑built property with large exterior footprint and oversized 2‑car garage
- Off‑street parking available in large quantity
- Current mixed‑use setup: first floor used as a plumbing company
- Upper level includes a 1‑bedroom apartment
- Apartment features hardwood floors, stainless steel appliances, and recessed lighting
- Heating/cooling includes mini splits and there is ample closet space
Overview
The property is located at 381 Summer Street in Fitchburg, Massachusetts, in a CBD zoning area. It also benefits from numerous off-street parking spaces, supporting daily access for residents and business operations.
For tenants, buyers, or operators seeking a mixed-use configuration, the combination of an operating first-floor use and a completed upper apartment can simplify occupancy planning. The unit finishes and modern comfort features in the residential space, along with the convenience of on-site parking and garage space, may appeal to users looking for a functional property where commercial and residential needs are both addressed on the same site.
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
