Two-Unit Duplex with
For Sale
$629,999
61 Congress St, Fitchburg, MA 01420
Two residences include distinct three- and five-bedroom layouts, with an updated bathroom in the upper unit.
Property Size4,388 SF
Price / SF$143.57
Days on Market10
Property Features for 61 Congress St
General Information
Standard status
Active
Size
4,388 SF
Total Parking Spaces
6
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
1 x 3BR, 1 x 5BR
Multifamily Units
2
Building Details
Building Size
4,388 SF
Year Built
1900
Listing Agency:
Century 21 North East
(617) 389-1129
Listed By:
MG Group
Source:
Iverty
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 15 at 12:52AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
Built in 1900, this two-unit duplex contains 4,388 square feet and eight bedrooms. The residences have three and five bedrooms, respectively, and the upper unit includes an updated bathroom. Off-street parking accommodates up to six vehicles. The two-unit configuration supports owner occupancy with a separate rental residence or use as a multifamily rental property.
Fitchburg State University is nearby, along with shopping, dining, services, and transportation. The property is located in Fitchburg, Massachusetts.
Fitchburg State University is nearby, along with shopping, dining, services, and transportation. The property is located in Fitchburg, Massachusetts.
Key Highlights
- Two‑unit duplex with a 3‑bedroom residence and a 5‑bedroom residence
- 4,388 square feet; built in 1900
- Updated bathroom in the second‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,620
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,400
$1.0M
Cap Rate 7%
$737,429
$737.4K
Cap Rate 9%
$573,556
$573.6K
Market Conditions
NOI Build-Up for 4,388 SF
Gross rent
$96.4K $21.96/SF
− Vacancy
−$2.5K −$0.57/SF
EGI
$93.9K $21.39/SF
− OpEx
−$42.2K −$9.63/SF
NOI
$51.6K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,400
Cap Rate 7%
$737,429
Cap Rate 9%
$573,556
Alternative Uses
Best Use
Multifamily LT 5
$847.4K
$741.4K – $988.6K
NOI $59,315 @ 7.0% cap · market cap 9.42%
Second Best
Apartment 5plus
$737.4K
$645.3K – $860.3K
NOI $51,620 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,891 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
868
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences include distinct three- and five-bedroom layouts, with an updated bathroom in the upper unit.
Where is this duplex located?
The property is located at 61 Congress St Fitchburg, MA.
What is the asking price?
The asking price for this property is $629,999.
What are key features of this property?
This property features: Two‑unit duplex with a 3‑bedroom residence and a 5‑bedroom residence; 4,388 square feet; built in 1900; Updated bathroom in the second‑floor unit
