Updated Three-Family
50 West St, Fitchburg, MA 01420
For Sale
New
$650,000
Separate utility metering and four off-street parking spaces support the building’s three-apartment configuration.
Property Size3,759 SF
Price / SF$172.92
Days on Market4
Property Features for 50 West St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Lead Certification Available
Bathroom With Tub & Shower
Remodeled
Living Room
Kitchen
Rain Gutters
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Lamacchia Realty, Inc.
(339) 645-9300
Listed By:
Lidiya Dimova
(508) 237-6500
Source:
Condonrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 2:15PM
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 Lamacchia Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,759-square-foot triplex contains three apartments, each with three bedrooms and one full bathroom. Updates include kitchens, bathrooms, flooring, plumbing and replacement of most windows. All three units were professionally deleaded in 2024. Each apartment has an individual high-efficiency Navien tankless combination gas heating system; the building also has vinyl siding and a rubber roof. Zoning is RB.
Two apartments are rented, while the third-floor unit will be delivered vacant. Utilities are separately metered, with the owner responsible for water and sewer. The property includes four off-street parking spaces and was built in 1900.
Two apartments are rented, while the third-floor unit will be delivered vacant. Utilities are separately metered, with the owner responsible for water and sewer. The property includes four off-street parking spaces and was built in 1900.
Key Highlights
- Three apartments, each with 3 bedrooms and 1 full bathroom
- 3,759 square feet; built in 1900
- All units professionally deleaded in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,813
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,260
$1.0M
Cap Rate 7%
$725,900
$725.9K
Cap Rate 9%
$564,589
$564.6K
Market Conditions
NOI Build-Up for 3,759 SF
Gross rent
$74.4K $19.80/SF
− Vacancy
−$1.8K −$0.49/SF
EGI
$72.6K $19.31/SF
− OpEx
−$21.8K −$5.79/SF
NOI
$50.8K $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 Rate 5%
$1,016,260
Cap Rate 7%
$725,900
Cap Rate 9%
$564,589
Alternative Uses
Best Use
Multifamily LT 5
$725.9K
$635.2K – $846.9K
NOI $50,813 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$631.7K
$552.8K – $737.0K
NOI $44,221 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,855 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
319
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
$294,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Fitchburg, MA
Properties on Market for Triplexes in Fitchburg
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utility metering and four off-street parking spaces support the building’s three-apartment configuration.
Where is this triplex located?
The property is located at 50 West St Fitchburg, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 1 full bathroom; 3,759 square feet; built in 1900; All units professionally deleaded in 2024
