Updated Triplex With Off-Street
66-68 Clarendon Street Fitchburg, MA 01420
For Sale
$564,900
Updated 3-unit triplex with gas heat, separate utilities, and off-street parking, plus back porches for each apartment.
Property Size3,024 SF
Price / SF$186.81
Days on Market94
Property Features for 66-68 Clarendon Street
General Information
- Standard status
- Active
- Size
- 3,024 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency:
Coldwell Banker Realty - Leominster
(978) 840-4014
Listed By:
Michael Beaudoin · License #9052861
Source:
Eganrealtygroup
Added: Apr 21
Changed: Jul 22
Last Checked: Jul 22 at 6:11AM
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 Coldwell Banker Realty - Leominster
Investment Insights
Based on property information with market context.
Classic 3-unit multi-family home offering 15 rooms with 9 bedrooms and 3 full baths. The property includes two means of egress, gas heat, and separate hot water and electric services. Each apartment provides 5 rooms, 3 bedrooms, and 1 full bath, along with a back porch.
A full basement features 4 electric panels, 3 gas hot water tanks, and a newer gas furnace. Unit #3 has been recently updated with new kitchen cabinets, flooring, lighting, bath fixtures, and fresh interior paint.
Outside, the level backyard offers space for outdoor use, complemented by low-maintenance vinyl siding and paved off-street parking. The home is described as conveniently located near commuter routes, schools, and shopping.
A full basement features 4 electric panels, 3 gas hot water tanks, and a newer gas furnace. Unit #3 has been recently updated with new kitchen cabinets, flooring, lighting, bath fixtures, and fresh interior paint.
Outside, the level backyard offers space for outdoor use, complemented by low-maintenance vinyl siding and paved off-street parking. The home is described as conveniently located near commuter routes, schools, and shopping.
Key Highlights
- Updated 3‑unit triplex (1900) with gas heat and separate utilities for each apartment
- 15 rooms total with 9 bedrooms and 3 full baths; each unit has 5 rooms, 3 bedrooms, and 1 full bath
- Each apartment includes a back porch and its own hot water setup (separate hot water and electric)
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 | $59.9k | $19.80 |
| − Vacancy | −$1.5k | −$0.49 |
| EGI | $58.4k | $19.31 |
| − OpEx | −$17.5k | −$5.79 |
| NOI | $40.9k | $13.52 |
3,024 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$584.0K
$511.0K – $681.3K
NOI $40,877 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$508.2K
$444.7K – $592.9K
NOI $35,574 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.03M
$903.6K – $1.20M
NOI $72,286 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Updated 3-unit triplex with gas heat, separate utilities, and off-street parking, plus back porches for each apartment.
Where is this triplex located?
The property is located at 66-68 Clarendon Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $564,900.
What are key features of this property?
This property features: Updated 3‑unit triplex (1900) with gas heat and separate utilities for each apartment; 15 rooms total with 9 bedrooms and 3 full baths; each unit has 5 rooms, 3 bedrooms, and 1 full bath; Each apartment includes a back porch and its own hot water setup (separate hot water and electric)
