Two-Family Property with Wooded
560 Pearl St, Fitchburg, MA 01420
For Sale
New
$475,000
Residential Income, Fitchburg, MA
Property Size2,100 SF
Lot Size0.33 Acres
Price / SF$226.19
Days on Market4
Property Features for 560 Pearl St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams Realty North Central
Listed By:
Rochelle Jonswold
(978) 840-9000
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 14 at 3:06AM
MLS# 73600944
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-family residential property contains 2,100 square feet across two units, with a total of five bedrooms and two bathrooms. The second-floor apartment, a three-bedroom unit, is scheduled to be vacant at closing. Built in 1926, the property sits on a 0.3335-acre parcel with a wooded backyard.
Off-street parking is available, and the property is located in Fitchburg, Massachusetts. Zoning is RA.
Off-street parking is available, and the property is located in Fitchburg, Massachusetts. Zoning is RA.
Key Highlights
- Two residential units; second‑floor three‑bedroom apartment to be vacant at closing
- 2,100 square feet of property area
- 0.3335‑acre wooded lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,387
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,740
$567.7K
Cap Rate 7%
$405,529
$405.5K
Cap Rate 9%
$315,411
$315.4K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$41.6K $19.80/SF
− Vacancy
−$1.0K −$0.49/SF
EGI
$40.6K $19.31/SF
− OpEx
−$12.2K −$5.79/SF
NOI
$28.4K $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%
$567,740
Cap Rate 7%
$405,529
Cap Rate 9%
$315,411
Alternative Uses
Best Use
Multifamily LT 5
$405.5K
$354.8K – $473.1K
NOI $28,387 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$352.9K
$308.8K – $411.7K
NOI $24,704 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$717.1K
$627.5K – $836.6K
NOI $50,198 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
346
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
$294,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fitchburg, MA
Properties on Market for Duplexes in Fitchburg
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide a flexible configuration, with one apartment set to be vacant at closing.
Where is this duplex located?
The property is located at 560 Pearl St Fitchburg, MA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residential units; second‑floor three‑bedroom apartment to be vacant at closing; 2,100 square feet of property area; 0.3335‑acre wooded lot
