Occupied
For Sale
$675,000
500 Beech St, Fitchburg, MA 01420
RA-zoned residential income property with separate utilities, paved driveway, and off-street parking.
Property Size4,211 SF
Days on Market33
Property Features for 500 Beech St
General Information
Standard status
Active
Size
4,211 SF
Property subtype
4 Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$76,800
Taxes and HOA fees
Annual Taxes
$7,925
Building Details
Building Size
4,211 SF
Year Built
1939
Buildings
1
Listing Agency:
Real Estate Exchange
(508) 846-5584
Listed By:
Paula Valente · License #454502600
Source:
Donnellyandco
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 29 at 2:40PM
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 Real Estate Exchange
Investment Insights
Based on property information with market context.
Built in 1939, this four-unit residential property is fully occupied and offers a varied layout: two apartments with three bedrooms and two baths each, plus one two-bedroom, one-bath unit and one one-bedroom, one-bath unit. Each unit has separate utilities. The property sits on a level lot with a paved driveway and off-street parking. The roof is 3 years old, and the rear 4-car garage is not included in the property. Zoned RA, the asset is located at 500 Beech St in Fitchburg, Massachusetts, near shopping, schools, parks, public transportation, and major highways.
Key Highlights
- Four‑unit property with two 3‑bedroom, 2‑bath units, one 2‑bedroom, 1‑bath unit, and one 1‑bedroom, 1‑bath unit
- Fully occupied residential income property
- Separate utilities for each unit
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
$56,923
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
8.43%
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%
$1,138,460
$1.1M
Cap Rate 7%
$813,186
$813.2K
Cap Rate 9%
$632,478
$632.5K
Market Conditions
NOI Build-Up for 4,211 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
$83.4K $19.80/SF
− Vacancy
−$2.1K −$0.49/SF
EGI
$81.3K $19.31/SF
− OpEx
−$24.4K −$5.79/SF
NOI
$56.9K $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%
$1,138,460
Cap Rate 7%
$813,186
Cap Rate 9%
$632,478
Alternative Uses
Best Use
Multifamily LT 5
$813.2K
$711.5K – $948.7K
NOI $56,923 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$707.7K
$619.2K – $825.6K
NOI $49,538 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,660 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
231
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?
Quadplex - RA-zoned residential income property with separate utilities, paved driveway, and off-street parking.
Where is this quadplex located?
The property is located at 500 Beech St Fitchburg, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four‑unit property with two 3‑bedroom, 2‑bath units, one 2‑bedroom, 1‑bath unit, and one 1‑bedroom, 1‑bath unit; Fully occupied residential income property; Separate utilities for each unit
