Updated Two-Family
62 1/2 Hazel Street, Fitchburg, MA 01420
For Sale
$405,000
Two separate three-bedroom residences with on-site parking and refreshed interior finishes.
Property Size2,040 SF
Price / SF$198.53
Days on Market60
Property Features for 62 1/2 Hazel Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Dreamcatcher Investment Group, Inc.
Listed By:
Tobias Ventura · License MA #9077212
(617) 561-1040
Source:
413realestate
Added: Sep 16
Changed: Nov 2
Last Checked: Nov 14 at 2:50AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$27,576
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
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
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 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 6.81%
Second Best
Apartment 5plus
$342.8K
$300.0K – $400.0K
NOI $23,999 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$696.6K
$609.6K – $812.7K
NOI $48,764 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$294,600
Median Home Value
Market
Average Price Trend$/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 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 $405,000.
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
