Two-Unit Duplex with
For Sale
$599,900
508 Rollstone St, Fitchburg, MA 01420
Two apartments are complemented by a semi-finished lower level with a kitchenette, full bath, family room, and bedroom.
Property Size3,177 SF
Price / SF$188.83
Days on Market46
Property Features for 508 Rollstone St
General Information
Standard status
Active
Size
3,177 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 4BR/3BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
1922
Buildings
1
Stories
2
Listing Agency:
One Way Realty
(508) 934-9862
Listed By:
Marianne Menezes
(978) 996-4365
Source:
Ninasoto
Added: Sep 16
Changed: Oct 30
Last Checked: Oct 30 at 2:42PM
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 One Way Realty
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Investment Insights
Based on property information with market context.
This 3,177-SF duplex, built in 1922, contains two apartments. The first-floor unit has four bedrooms, three bathrooms, and an updated kitchen with granite counters and stainless-steel appliances. Upstairs, the second unit offers two bedrooms, one bathroom, and natural light. New windows are also noted, along with a new granite countertop.
A semi-finished basement adds a kitchenette, full bathroom, family room, and one bedroom. The property is at 508 Rollstone St in Fitchburg, Massachusetts, and the backyard has frontage on Bourque Terrace. The backyard may be buildable subject to city approval.
A semi-finished basement adds a kitchenette, full bathroom, family room, and one bedroom. The property is at 508 Rollstone St in Fitchburg, Massachusetts, and the backyard has frontage on Bourque Terrace. The backyard may be buildable subject to city approval.
Key Highlights
- 3,177‑SF duplex with two apartments
- First‑floor unit includes 4 bedrooms, 3 bathrooms, and an updated kitchen
- Second‑floor unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,946
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,920
$858.9K
Cap Rate 7%
$613,514
$613.5K
Cap Rate 9%
$477,178
$477.2K
Market Conditions
NOI Build-Up for 3,177 SF
Gross rent
$62.9K $19.80/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$61.4K $19.31/SF
− OpEx
−$18.4K −$5.79/SF
NOI
$42.9K $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%
$858,920
Cap Rate 7%
$613,514
Cap Rate 9%
$477,178
Alternative Uses
Best Use
Multifamily LT 5
$613.5K
$536.8K – $715.8K
NOI $42,946 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$533.9K
$467.2K – $622.9K
NOI $37,374 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.08M
$949.3K – $1.27M
NOI $75,943 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments are complemented by a semi-finished lower level with a kitchenette, full bath, family room, and bedroom.
Where is this duplex located?
The property is located at 508 Rollstone St Fitchburg, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 3,177‑SF duplex with two apartments; First‑floor unit includes 4 bedrooms, 3 bathrooms, and an updated kitchen; Second‑floor unit has 2 bedrooms and 1 bathroom
