Two-Unit Home with
564 Fairmount St, Fitchburg, MA 01420
For Sale
$414,000
Pending
Residential Income, Fitchburg, MA
Property Size1,509 SF
Lot Size0.23 Acres
Days on Market55
Property Features for 564 Fairmount St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Fireplace
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
laundry hook-up
wood-stove
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: Sep 16
Changed: Oct 24
Last Checked: Nov 9 at 5:06AM
MLS# 73578628
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-unit residential property at 564 Fairmount St includes 1,509 square feet on a 0.2296-acre lot. Built in 1900, the home has vinyl siding, updated windows, separate utilities, basement laundry hookups, and a two-car garage. Each apartment is equipped with a Peerless boiler serving forced hot-water heat, and newer water heaters are installed.
The first-floor apartment contains two bedrooms and a wood stove, while the second-floor unit offers one bedroom and an updated kitchen. The property is zoned RB and located in Fitchburg, Massachusetts, within Worcester County.
The first-floor apartment contains two bedrooms and a wood stove, while the second-floor unit offers one bedroom and an updated kitchen. The property is zoned RB and located in Fitchburg, Massachusetts, within Worcester County.
Key Highlights
- Two‑unit property with 1,509 square feet
- 0.2296‑acre lot in Fitchburg, MA
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,398
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,960
$408.0K
Cap Rate 7%
$291,400
$291.4K
Cap Rate 9%
$226,644
$226.6K
Market Conditions
NOI Build-Up for 1,509 SF
Gross rent
$29.9K $19.80/SF
− Vacancy
−$738 −$0.49/SF
EGI
$29.1K $19.31/SF
− OpEx
−$8.7K −$5.79/SF
NOI
$20.4K $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%
$407,960
Cap Rate 7%
$291,400
Cap Rate 9%
$226,644
Alternative Uses
Best Use
Multifamily LT 5
$291.4K
$255.0K – $340.0K
NOI $20,398 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.9K
NOI $17,752 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$515.3K
$450.9K – $601.2K
NOI $36,071 @ 7.0% cap · market cap 8.71%
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
160
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-family property with separate utilities, updated electrical service, and a two-car garage.
Where is this duplex located?
The property is located at 564 Fairmount St Fitchburg, MA.
What is the asking price?
The asking price for this property is $414,000.
What are key features of this property?
This property features: Two‑unit property with 1,509 square feet; 0.2296‑acre lot in Fitchburg, MA; Two‑car garage
