Four-Unit Residential Income
For Sale
$649,000
436 Franklin, Fitchburg, MA 01420
Well-maintained four-unit building with individually metered utilities, off-street parking, and a sizable yard.
Property Size2,860 SF
Price / SF$226.92
Days on Market85
Property Features for 436 Franklin
General Information
Standard status
Active
Size
2,860 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1900
Listing Agency:
LPT Realty,LLC
Listed By:
Kellie Trudeau
(508) 867-2800
Source:
Miketoomeyrealestate
Added: May 7
Changed: Jul 26
Last Checked: Jul 30 at 6:20PM
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 LPT Realty,LLC
Investment Insights
Based on property information with market context.
This well-maintained four-unit residential income property consists of four separate units with individual gas heat and hot water, along with separate electric meters. The building is set up for straightforward utility management and includes paved off-street parking and a yard.
The property is located in a Fitchburg neighborhood with convenient access to Route 2 and the commuter rail. It is also near shopping, restaurants, and golf courses.
The property is currently configured as four occupied units, offering an investor-ready setup with an established income history.
The property is located in a Fitchburg neighborhood with convenient access to Route 2 and the commuter rail. It is also near shopping, restaurants, and golf courses.
The property is currently configured as four occupied units, offering an investor-ready setup with an established income history.
Key Highlights
- Well‑maintained 4‑unit building, built in 1900
- All 4 units are currently occupied with a proven income history
- Individual gas heat and hot water with separate electric meters
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 | $56.6k | $19.80 |
| − Vacancy | −$1.4k | −$0.49 |
| EGI | $55.2k | $19.31 |
| − OpEx | −$16.6k | −$5.79 |
| NOI | $38.7k | $13.52 |
2,860 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$552.3K
$483.3K – $644.4K
NOI $38,661 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$480.6K
$420.6K – $560.8K
NOI $33,645 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$976.6K
$854.6K – $1.14M
NOI $68,365 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
81
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?
Quadplex - Well-maintained four-unit building with individually metered utilities, off-street parking, and a sizable yard.
Where is this quadplex located?
The property is located at 436 Franklin Fitchburg, MA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit building, built in 1900; All 4 units are currently occupied with a proven income history; Individual gas heat and hot water with separate electric meters
