Seven-Unit Apartment
44 Winter Street Fitchburg, MA 01420
44 Winter Street, Fitchburg, MA, 01420
$1,275,000
For Sale
$1,275,000
Seven-unit multifamily asset with six one-bedrooms, one two-bedroom, and off-street parking plus a garage.
Property Size4,188 SF
Price / SF$304.44
Days on Market90
Property Features for 44 Winter Street
General Information
- Standard status
- Active
- Size
- 4,188 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
NAI Glickman Kovago & Jacobs
Listed by
James Glickman
(617) 731-4644
Source
Hammondre
Added: Apr 23 Updated: Jul 20 at 10:08PM Checked: Jul 21 at 9:21AM
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 NAI Glickman Kovago & Jacobs
Investment Insights
Based on property information with market context.
44 Winter Street is a seven-unit apartment building featuring six one-bedroom units and one two-bedroom unit. The property is described as well-maintained, with five units noted as fully renovated.
Reported improvements completed by current ownership include a full electrical upgrade with individual panels and meters, heating system replacements in most units, a renovated laundry room, and updated exterior egress and emergency lighting. Additional work includes a new garage roof and door and comprehensive landscaping.
The information provided states that most units are individually gas metered, with separation infrastructure in place for the remaining units requiring final connection. The property includes fourteen off-street parking spaces plus a garage.
Reported improvements completed by current ownership include a full electrical upgrade with individual panels and meters, heating system replacements in most units, a renovated laundry room, and updated exterior egress and emergency lighting. Additional work includes a new garage roof and door and comprehensive landscaping.
The information provided states that most units are individually gas metered, with separation infrastructure in place for the remaining units requiring final connection. The property includes fourteen off-street parking spaces plus a garage.
Key Highlights
- Seven‑unit multifamily in Fitchburg (44 Winter St), with six 1‑bedroom units and one 2‑bedroom unit
- Capital improvements include full electrical upgrade with individual panels and meters
- Heating system replacements completed in most units
Local Financial Insights For Apartment 5plus
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 | $92.0k | $21.96 |
| − Vacancy | −$2.4k | −$0.57 |
| EGI | $89.6k | $21.39 |
| − OpEx | −$40.3k | −$9.63 |
| NOI | $49.3k | $11.76 |
4,188 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$703.8K
$615.9K – $821.1K
NOI $49,268 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,110 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily asset with six one-bedrooms, one two-bedroom, and off-street parking plus a garage.
Where is this apartment building located?
The property is located at 44 Winter Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Seven‑unit multifamily in Fitchburg (44 Winter St), with six 1‑bedroom units and one 2‑bedroom unit; Capital improvements include full electrical upgrade with individual panels and meters; Heating system replacements completed in most units
