Triplex with Two-Car
For Sale
$550,000
55 Canton Street, Fitchburg, MA 01420
Three-unit property with separate utilities, hardwood floors, insulated windows, and additional off-street parking.
Property Size3,464 SF
Lot Size0.22 Acres
Price / SF$158.78
Days on Market183
Property Features for 55 Canton Street
General Information
Standard status
Active
Size
3,464 SF
Total Parking Spaces
6
Lot size
0.22 Acres
Property subtype
Multi-family / 3 Family - 3 Units Side by Side
Zoning
RB
Net Operating Income
$31,500
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,501
Amenities
No
Wood
Range, Refrigerator
4.0
Insulated Windows
Full
Bathroom With Tub & Shower, Country Kitchen, Living Room, Kitchen, Window AC
4
4.00
Frame
Shingle, Rubber
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Clear R.E. Solutions
(857) 218-0262
Listed By:
Pierre Clermy · License #9584897
(857) 218-0262
Source:
Compass
Added: Mar 2
Changed: Aug 30
Last Checked: Aug 31 at 9:57PM
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 Clear R.E. Solutions
Investment Insights
Based on property information with market context.
This three-unit residential property contains approximately 3,464 square feet of living area on a 9,522 square-foot lot. Each unit is arranged with five rooms, three bedrooms, a full bathroom, living room, and country-style kitchen. Interior features include hardwood floors, insulated vinyl windows, range and refrigerator appliances, and window air conditioning. Separate utilities serve the units.
The property also includes a two-car garage and additional off-street parking. Built in 1930 with frame construction and shingle and rubber roofing, it is located at 55 Canton Street in Fitchburg, Massachusetts. RB zoning is reported for the property. The layout supports either extended-family occupancy or rental use, as described in the property information. Showings require 24–48 hours' notice.
The property also includes a two-car garage and additional off-street parking. Built in 1930 with frame construction and shingle and rubber roofing, it is located at 55 Canton Street in Fitchburg, Massachusetts. RB zoning is reported for the property. The layout supports either extended-family occupancy or rental use, as described in the property information. Showings require 24–48 hours' notice.
Key Highlights
- Three‑unit property with approximately 3,464 sq ft of living area
- Situated on a 9,522 sq ft lot with RB zoning
- Each unit includes five rooms, three bedrooms, and a full bathroom
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
$46,825
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
8.51%
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%
$936,500
$936.5K
Cap Rate 7%
$668,929
$668.9K
Cap Rate 9%
$520,278
$520.3K
Market Conditions
NOI Build-Up for 3,464 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
$68.6K $19.80/SF
− Vacancy
−$1.7K −$0.49/SF
EGI
$66.9K $19.31/SF
− OpEx
−$20.1K −$5.79/SF
NOI
$46.8K $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%
$936,500
Cap Rate 7%
$668,929
Cap Rate 9%
$520,278
Alternative Uses
Best Use
Multifamily LT 5
$668.9K
$585.3K – $780.4K
NOI $46,825 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$582.1K
$509.4K – $679.2K
NOI $40,750 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,803 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
515
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?
Triplex - Three-unit property with separate utilities, hardwood floors, insulated windows, and additional off-street parking.
Where is this triplex located?
The property is located at 55 Canton Street 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: Three‑unit property with approximately 3,464 sq ft of living area; Situated on a 9,522 sq ft lot with RB zoning; Each unit includes five rooms, three bedrooms, and a full bathroom
