Two-Unit Duplex with Vacant
For Sale
$567,000
Pending
49 Alston Pl, Fitchburg, MA 01420
Two-family property with one vacant unit and one occupied unit, offering immediate flexibility for an owner or landlord.
Property Size2,923 SF
Days on Market56
Property Features for 49 Alston Pl
General Information
Standard status
Pending
Size
2,923 SF
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Multifamily Units
2
Building Details
Building Size
2,923 SF
Year Built
1900
Buildings
1
Listing Agency:
eXp Realty LLC
(305) 481-7551
Listed By:
Alfredo Tejada · License #452508574
(305) 481-7551
Source:
Iverty
Added: Jul 8
Changed: Aug 31
Last Checked: Sep 1 at 5:26PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This two-unit duplex at 49 Alston Pl includes 2,923 square feet of living area and was built in 1900. Both residences offer spacious interiors with flexible layouts, while the first-floor unit is currently vacant and the second-floor unit is occupied by tenants.
The property is located in Fitchburg, Massachusetts, and combines an existing two-family configuration with an operating residential unit and a separate vacant unit. Its layout supports multiple ownership and leasing approaches without changing the current unit arrangement.
The property is located in Fitchburg, Massachusetts, and combines an existing two-family configuration with an operating residential unit and a separate vacant unit. Its layout supports multiple ownership and leasing approaches without changing the current unit arrangement.
Key Highlights
- Two‑unit duplex at 49 Alston Pl, Fitchburg, MA 01420
- 2,923 square feet of living area
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,512
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$790,240
$790.2K
Cap Rate 7%
$564,457
$564.5K
Cap Rate 9%
$439,022
$439.0K
Market Conditions
NOI Build-Up for 2,923 SF
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.
Gross rent
$57.9K $19.80/SF
− Vacancy
−$1.4K −$0.49/SF
EGI
$56.4K $19.31/SF
− OpEx
−$16.9K −$5.79/SF
NOI
$39.5K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$790,240
Cap Rate 7%
$564,457
Cap Rate 9%
$439,022
Alternative Uses
Best Use
Multifamily LT 5
$564.5K
$493.9K – $658.5K
NOI $39,512 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$491.2K
$429.8K – $573.1K
NOI $34,386 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$998.2K
$873.4K – $1.16M
NOI $69,871 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
803
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with one vacant unit and one occupied unit, offering immediate flexibility for an owner or landlord.
Where is this duplex located?
The property is located at 49 Alston Pl Fitchburg, MA.
What is the asking price?
The asking price for this property is $567,000.
What are key features of this property?
This property features: Two‑unit duplex at 49 Alston Pl, Fitchburg, MA 01420; 2,923 square feet of living area; Built in 1900
