Two-Family Residential Income
58-60 Ward St Fitchburg, MA 01420
58-60 Ward St, Fitchburg, MA, 01420
$599,900
For Sale
$599,900
Side-by-side duplex with two 3-bedroom units, separate utilities, natural gas heat, and in-unit washer/dryer hookups in the walk-out basement.
Property Size2,288 SF
Price / SF$262.19
Days on Market68
Property Features for 58-60 Ward St
General Information
- Standard status
- Active
- Size
- 2,288 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1890
Listing agency
Mega Realty Services
(617) 629-5950
Listed by
Marlene Serrano · License #9540061
Source
Hometown-team
Added: May 16 Updated: Jul 20 at 6:09PM Checked: Jul 20 at 6:09PM
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 Mega Realty Services
Investment Insights
Based on property information with market context.
58–60 Ward St presents a well maintained two-family, side-by-side residence. The property includes two spacious 3-bedroom units, each with separate utilities and natural gas heat. Each unit also benefits from washer/dryer hookups in the clean walk-out basement.
A south-facing enclosed front porch with storm screens supports year-round use. Four paved off-street parking spots are included, providing dedicated parking for residents or tenants.
The seller-owned solar panels provide quarterly energy credits, which can help offset electricity costs. The property is being sold as-is.
A south-facing enclosed front porch with storm screens supports year-round use. Four paved off-street parking spots are included, providing dedicated parking for residents or tenants.
The seller-owned solar panels provide quarterly energy credits, which can help offset electricity costs. The property is being sold as-is.
Key Highlights
- Two‑family side‑by‑side duplex built in 1890 with two spacious 3‑bedroom units
- Separate utilities for each unit, with natural gas heat in both units
- Walk‑out basement includes in‑unit washer/dryer hookup in each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.3k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $44.2k | $19.31 |
| − OpEx | −$13.3k | −$5.79 |
| NOI | $30.9k | $13.52 |
2,288 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$441.8K
$386.6K – $515.5K
NOI $30,928 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$384.5K
$336.5K – $448.6K
NOI $26,916 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$781.3K
$683.7K – $911.5K
NOI $54,692 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex with two 3-bedroom units, separate utilities, natural gas heat, and in-unit washer/dryer hookups in the walk-out basement.
Where is this duplex located?
The property is located at 58-60 Ward 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: Two‑family side‑by‑side duplex built in 1890 with two spacious 3‑bedroom units; Separate utilities for each unit, with natural gas heat in both units; Walk‑out basement includes in‑unit washer/dryer hookup in each unit
