Corner-Lot
New
For Sale
$399,999
50 South Street, Fitchburg, MA 01420
Each residence has its own kitchen, three bedrooms, and full bath, with shared access to a partially finished basement.
Property Size2,948 SF
Lot Size0.24 Acres
Price / SF$135.68
Days on Market6
Property Features for 50 South Street
General Information
Standard status
Active
Size
2,948 SF
Total Parking Spaces
1
Lot size
0.24 Acres
Property subtype
Multi-family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
open porch
enclosed porch
storage shed
Building Details
Year Built
1910
Buildings
1
Listing Agency:
OWN IT
Listed By:
Shay Vaezzadeh · License #RES.0827220
(225) 288-4109
Source:
Jbarrettrealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 9:32AM
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 OWN IT
Investment Insights
Based on property information with market context.
Built in 1910, this two-family property contains two separate residences, each with five rooms, three bedrooms, one full bath, and its own kitchen. Together, the units provide 10 rooms and six bedrooms across approximately 2,948 square feet of living space. Interior features include hardwood floors and oil-fired forced hot water heat. A full basement is partially finished, and the property also has an attached one-car garage, a storage shed, and open and enclosed porches.
The 0.24-acre corner lot has addresses on Walnut Street and South Street. City water and sewer serve the property, and natural gas is available. Zoning is RC.
The 0.24-acre corner lot has addresses on Walnut Street and South Street. City water and sewer serve the property, and natural gas is available. Zoning is RC.
Key Highlights
- Two separate units with 10 rooms and six bedrooms total
- Approximately 2,948 square feet of living space
- 0.24‑acre corner lot with addresses on Walnut St and South St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,680
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,600
$693.6K
Cap Rate 7%
$495,429
$495.4K
Cap Rate 9%
$385,333
$385.3K
Market Conditions
NOI Build-Up for 2,948 SF
Gross rent
$64.7K $21.96/SF
− Vacancy
−$1.7K −$0.57/SF
EGI
$63.1K $21.39/SF
− OpEx
−$28.4K −$9.63/SF
NOI
$34.7K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,600
Cap Rate 7%
$495,429
Cap Rate 9%
$385,333
Alternative Uses
Best Use
Multifamily LT 5
$569.3K
$498.1K – $664.2K
NOI $39,850 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$495.4K
$433.5K – $578.0K
NOI $34,680 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$1.01M
$880.9K – $1.17M
NOI $70,469 @ 7.0% cap · market cap 17.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
907
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 - Each residence has its own kitchen, three bedrooms, and full bath, with shared access to a partially finished basement.
Where is this duplex located?
The property is located at 50 South Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two separate units with 10 rooms and six bedrooms total; Approximately 2,948 square feet of living space; 0.24‑acre corner lot with addresses on Walnut St and South St
