Remodeled Two-Family
47 Mayland Street Fitchburg, MA 01420
47 Mayland Street, Fitchburg, MA, 01420
$515,000
For Sale
$515,000
Remodeled two-unit home with two bedrooms, one bath per unit, porches, detached garage, and private backyard space.
Property Size1,728 SF
Lot Size0.43 Acres
Price / SF$298.03
Days on Market57
Property Features for 47 Mayland Street
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Lot size
- 0.43 Acres
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
Sodano Real Estate
(978) 597-0037
Listed by
Darlene Sodano · License #9038842
(978) 597-0037
Source
Compass
Added: May 28 Updated: Jul 21 at 4:47AM Checked: Jul 22 at 11:28AM
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 Sodano Real Estate
Investment Insights
Based on property information with market context.
This remodeled two-family residence offers two separate units, each featuring two bedrooms and one bathroom with porch access. The property sits on a .43-acre lot on a quiet street and includes a detached garage, private backyard space, and ample parking.
The home is positioned for straightforward day-to-day living with dedicated exterior space for occupants, including porches connected to each unit and backyard area for privacy.
With a clean, remodeled interior and a practical duplex layout, this property is ready for new occupants.
The home is positioned for straightforward day-to-day living with dedicated exterior space for occupants, including porches connected to each unit and backyard area for privacy.
With a clean, remodeled interior and a practical duplex layout, this property is ready for new occupants.
Key Highlights
- 2‑family home with two units; each unit has 2 bedrooms and 1 bath
- Remodeled and neat/clean interior; living room and kitchen in each unit
- Porch access for each unit
Local 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 | $34.2k | $19.80 |
| − Vacancy | −$845 | −$0.49 |
| EGI | $33.4k | $19.31 |
| − OpEx | −$10.0k | −$5.79 |
| NOI | $23.4k | $13.52 |
1,728 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.7K
$292.0K – $389.3K
NOI $23,359 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$290.4K
$254.1K – $338.8K
NOI $20,328 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$590.1K
$516.3K – $688.4K
NOI $41,306 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Remodeled two-unit home with two bedrooms, one bath per unit, porches, detached garage, and private backyard space.
Where is this duplex located?
The property is located at 47 Mayland Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2‑family home with two units; each unit has 2 bedrooms and 1 bath; Remodeled and neat/clean interior; living room and kitchen in each unit; Porch access for each unit
