Building Details

Building Size 4,211 SF

Year Built 1939

Buildings 1

Listing Agency: Real Estate Exchange

Listed By: Paula Valente · License #454502600 Show Phone

Source: Donnellyandco

Added: Jul 30 Changed: Oct 5 Last Checked: Oct 15 at 8:13AM

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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 / Yr

$56,923

Cap Rate

8.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,138,460 $1.1M

Cap Rate 7%

$813,186 $813.2K

Cap Rate 9%

$632,478 $632.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,211 SF

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 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 (±1% cap)

NOI $56,923 @ 7.0% cap · market cap 8.43%

Second Best

Apartment 5plus

$707.7K

$619.2K – $825.6K (±1% cap)

NOI $49,538 @ 7.0% cap · market cap 7.34%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,660 @ 7.0% cap · market cap 14.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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