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Updated Two-Unit Multifamily Property

50 Goddard Street, Fitchburg, MA 01420

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For Sale

$384,900

Updated two-unit multifamily property, great investment opportunity in Fitchburg.

Type:Multi-family

Property size:

1,564 SF

Price / SF:

$246/SF

HighLights

Two updated apartments, ready for immediate rental income or owner occupancy.
Apartment #1: 3 bedrooms, 2 levels of living space, in‑unit laundry.
Both apartments feature newer kitchens and bathrooms.
Separate utilities for each apartment (heat and electric).
Full walk‑out basement with newer hot water tanks and gas furnace.
Low‑maintenance vinyl siding and private backyard.

We can help!

Listing Contact

Michael Beaudoin

Learn more

For Sale

$384,900

Updated two-unit multifamily property, great investment opportunity in Fitchburg.

Type:Multi-family

Property size:

1,564 SF

Price / SF:

$246/SF

Added:: Mar 1, 2026
Days on Market:: 102
Last Refresh:: Apr 14 at 10:34 pm

Property Features for 50 Goddard Street

General Information

Standard status: Active
Size: 1,564 SF
Property subtype: Multi-family

Building Details

Year Built: 1910

We can help!

Listing Contact

Michael Beaudoin

Listing agent Michael Beaudoin

Listing office Coldwell Banker Realty - Leominster

Listing date Mar 1, 2026

Source Cambridgerealty

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 Coldwell Banker Realty - Leominster

HighLights

Two updated apartments, ready for immediate rental income or owner occupancy.
Apartment #1: 3 bedrooms, 2 levels of living space, in‑unit laundry.
Both apartments feature newer kitchens and bathrooms.
Separate utilities for each apartment (heat and electric).
Full walk‑out basement with newer hot water tanks and gas furnace.
Low‑maintenance vinyl siding and private backyard.

Overview

This is a two-unit multifamily property, offering a great investment opportunity. Apartment #1 features two levels of living space, including five rooms, three bedrooms, one full bath, mostly hardwood floors, a newer kitchen, a newer bath, an enclosed porch, in-unit laundry, and gas heat. Apartment #2 includes three rooms, a newer kitchen, a newer full bath, and generous-sized bedrooms, with separate heat and electric. Both apartments have been recently updated with new lighting, flooring, and fresh interior paint. The property includes a full walk-out basement with a utility room, featuring newer hot water tanks and a gas furnace, as well as individual electric meters. Additional features include a private backyard, ample on-street parking, low-maintenance vinyl siding, and two means of egress. The property is located in Fitchburg, Massachusetts, and offers approximately 1564 square feet of living space. The apartments are easy to rent and will command top dollar for investors or owner-occupiers.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$31.0k	$19.80
− Vacancy	−$765	−$0.49
EGI	$30.2k	$19.31
− OpEx	−$9.1k	−$5.79
NOI	$21.1k	$13.52

1,564 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$302.0K

$264.3K – $352.4K (±1% cap)

NOI $21,142 @ 7.0% cap · market cap 5.49%

Second Best

Apartment 5plus

$262.8K

$230.0K – $306.7K (±1% cap)

NOI $18,399 @ 7.0% cap · market cap 4.78%

Theoretical Best

Office A

$534.1K

$467.3K – $623.1K (±1% cap)

NOI $37,386 @ 7.0% cap · market cap 9.71%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Fitchburg
County: Worcester
State: Massachusetts
Longitude: -71.8117106
Latitude: 42.5887507

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For sale
Duplexes
MA
Fitchburg
01420
50 Goddard Street

What type of property is this?

Duplex - Updated two-unit multifamily property, great investment opportunity in Fitchburg.

Where is this duplex located?

The property is located at 50 Goddard Street Fitchburg, MA.

What is the asking price?

The asking price for this property is $384,900.

What are key features of this property?

This property features: Two updated apartments, ready for immediate rental income or owner occupancy.; Apartment #1: **3 bedrooms, 2 levels of living space, in‑unit laundry.**; Both apartments feature **newer kitchens and bathrooms.**