Duplex with Private
New
For Sale
$550,000
53-55 Cascade St, Fitchburg, MA 01420
Two residences offer separate entrances, in-unit laundry, and access to a shared backyard.
Property Size2,576 SF
Price / SF$213.51
Days on Market6
Property Features for 53-55 Cascade St
General Information
Standard status
Active
Size
2,576 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private decks
separate entrances
in-unit laundry
shared backyard
Building Details
Year Built
1927
Listing Agency:
View Real Estate Group
(603) 328-5398
Listed By:
Zolgalys Sanchez
(978) 259-3737
Source:
Lockandkeyre
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 9:54AM
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 View Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1927, this 2,576-square-foot duplex contains two units, each with 2 bedrooms and 1 full bath. Hardwood floors, updated kitchens, and living and dining areas are provided in both residences. Private decks, separate entrances, in-unit laundry, off-street parking, and a shared backyard round out the property’s features. The property is zoned RB.
Schools, parks, shopping, and public transportation are nearby. Route 2 is approximately half a mile away.
Schools, parks, shopping, and public transportation are nearby. Route 2 is approximately half a mile away.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 2,576 square feet; built in 1927
- Private decks and separate entrances 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
$34,821
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
6.33%
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%
$696,420
$696.4K
Cap Rate 7%
$497,443
$497.4K
Cap Rate 9%
$386,900
$386.9K
Market Conditions
NOI Build-Up for 2,576 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
$51.0K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$49.7K $19.31/SF
− OpEx
−$14.9K −$5.79/SF
NOI
$34.8K $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 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%
$696,420
Cap Rate 7%
$497,443
Cap Rate 9%
$386,900
Alternative Uses
Best Use
Multifamily LT 5
$497.4K
$435.3K – $580.4K
NOI $34,821 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$432.9K
$378.8K – $505.1K
NOI $30,304 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$879.7K
$769.7K – $1.03M
NOI $61,577 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
100
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 - Two residences offer separate entrances, in-unit laundry, and access to a shared backyard.
Where is this duplex located?
The property is located at 53-55 Cascade St Fitchburg, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 2,576 square feet; built in 1927; Private decks and separate entrances for each unit
