Two-Unit Home with Detached
New
For Sale
$569,726
58 Saint Joseph Ave, Fitchburg, MA 01420
Duplex with flexible living areas, separate unit layouts, and fenced outdoor space.
Property Size2,176 SF
Days on Market3
Property Features for 58 Saint Joseph Ave
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,118
Building Details
Building Size
2,176 SF
Year Built
1900
Stories
3
Units
2
Listing Agency:
(978) 590-6793
Listed By:
Trevor T. Gearin
(978) 590-6793
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 6:18AM
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 Trevor T. Gearin
Investment Insights
Based on property information with market context.
This 1900 duplex includes two distinct residential units with practical layouts. The larger multi-level unit has two bedrooms, a main-level full bathroom, hardwood flooring, and mini-split heat and air conditioning. Its finished lower level provides an office area, an additional full bathroom, and direct exterior access. The upper unit adds two bedrooms and one full bathroom in a compact configuration.
A detached garage provides covered parking or storage, while the fully fenced yard offers usable outdoor space. The property is located at 58 Saint Joseph Ave in Fitchburg, Massachusetts. Walk Score is 53, Bike Score is 28, and Transit Score is 20.
A detached garage provides covered parking or storage, while the fully fenced yard offers usable outdoor space. The property is located at 58 Saint Joseph Ave in Fitchburg, Massachusetts. Walk Score is 53, Bike Score is 28, and Transit Score is 20.
Key Highlights
- Two residential units with separate living arrangements
- Larger unit includes 2 bedrooms, 2 full bathrooms, and a finished lower level
- Upper unit offers 2 bedrooms and 1 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
$29,414
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
5.16%
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%
$588,280
$588.3K
Cap Rate 7%
$420,200
$420.2K
Cap Rate 9%
$326,822
$326.8K
Market Conditions
NOI Build-Up for 2,176 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
$43.1K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$42.0K $19.31/SF
− OpEx
−$12.6K −$5.79/SF
NOI
$29.4K $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 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%
$588,280
Cap Rate 7%
$420,200
Cap Rate 9%
$326,822
Alternative Uses
Best Use
Multifamily LT 5
$420.2K
$367.7K – $490.2K
NOI $29,414 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$365.7K
$320.0K – $426.6K
NOI $25,598 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$743.1K
$650.2K – $866.9K
NOI $52,015 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
241
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 - Duplex with flexible living areas, separate unit layouts, and fenced outdoor space.
Where is this duplex located?
The property is located at 58 Saint Joseph Ave Fitchburg, MA.
What is the asking price?
The asking price for this property is $569,726.
What are key features of this property?
This property features: Two residential units with separate living arrangements; Larger unit includes 2 bedrooms, 2 full bathrooms, and a finished lower level; Upper unit offers 2 bedrooms and 1 full bathroom
