Updated Two-Family
For Sale
$415,000
62 1/2 Hazel Street, Fitchburg, MA 01420
Two separate three-bedroom residences with on-site parking and refreshed interior finishes.
Property Size2,040 SF
Price / SF$203.43
Days on Market12
Property Features for 62 1/2 Hazel Street
General Information
Standard status
Active
Size
2,040 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RES
Net Operating Income
$21,600
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,560
Building Details
Building Size
2,040 SF
Year Built
1900
Listing Agency:
Dreamcatcher Investment Group, Inc.
Listed By:
Tobias Ventura · License #9077212
(617) 561-1040
Source:
413realestate
Added: Sep 16
Changed: Sep 20
Last Checked: Sep 26 at 4:27AM
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 Dreamcatcher Investment Group, Inc.
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each arranged with three bedrooms, for a combined 2,040 square feet of living area. Hardwood flooring has been installed throughout the property, and the building dates to 1900.
Four vehicles can be accommodated, with parking positioned on both sides of the property. The two-unit configuration supports separate household occupancy within one building and provides a straightforward format for residential income use.
Four vehicles can be accommodated, with parking positioned on both sides of the property. The two-unit configuration supports separate household occupancy within one building and provides a straightforward format for residential income use.
Key Highlights
- Two‑unit duplex with 3 bedrooms in each unit
- 2,040 square feet of property size
- Hardwood flooring throughout the property
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
$27,576
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
6.64%
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%
$551,520
$551.5K
Cap Rate 7%
$393,943
$393.9K
Cap Rate 9%
$306,400
$306.4K
Market Conditions
NOI Build-Up for 2,040 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
$40.4K $19.80/SF
− Vacancy
−$998 −$0.49/SF
EGI
$39.4K $19.31/SF
− OpEx
−$11.8K −$5.79/SF
NOI
$27.6K $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%
$551,520
Cap Rate 7%
$393,943
Cap Rate 9%
$306,400
Alternative Uses
Best Use
Multifamily LT 5
$393.9K
$344.7K – $459.6K
NOI $27,576 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$342.8K
$300.0K – $400.0K
NOI $23,999 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$696.6K
$609.6K – $812.7K
NOI $48,764 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
728
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom residences with on-site parking and refreshed interior finishes.
Where is this duplex located?
The property is located at 62 1/2 Hazel Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms in each unit; 2,040 square feet of property size; Hardwood flooring throughout the property
