Townhouse-Style
New
For Sale
$540,000
67-69 Central St, Fitchburg, MA 01420
Two-level residential configuration combines home-like privacy with flexible owner-occupancy or rental use.
Property Size3,078 SF
Price / SF$175.44
Days on Market3
Property Features for 67-69 Central St
General Information
Standard status
Active
Size
3,078 SF
Property subtype
2 Family - 2 Units Side by Side
Additional Details
Public Transit
Yes
Building Details
Year Built
1800
Listing Agency:
YPC Real Estate
(857) 293-9339
Listed By:
Tayana Antin
(617) 958-1838
Source:
Lockandkeyre
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 3:29PM
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 YPC Real Estate
Investment Insights
Based on property information with market context.
This 3,078-square-foot duplex at 67-69 Central Street features a townhouse-style arrangement designed to provide a more residential feel than a conventional apartment layout. The configuration offers distinct living spaces and privacy, with potential for either owner-occupancy or rental use.
Built in 1800, the property is positioned in downtown Fitchburg near restaurants, cafés, retail, parks, public transportation, Fitchburg State University, and the commuter rail. Its Central Street setting places everyday services and downtown destinations within convenient reach, while the proximity to the university and transit supports a range of residential occupancy needs.
Built in 1800, the property is positioned in downtown Fitchburg near restaurants, cafés, retail, parks, public transportation, Fitchburg State University, and the commuter rail. Its Central Street setting places everyday services and downtown destinations within convenient reach, while the proximity to the university and transit supports a range of residential occupancy needs.
Key Highlights
- Townhouse‑style duplex configuration with distinct, private living spaces
- 3,078 square feet of residential space
- Built in 1800
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
$41,607
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
7.70%
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%
$832,140
$832.1K
Cap Rate 7%
$594,386
$594.4K
Cap Rate 9%
$462,300
$462.3K
Market Conditions
NOI Build-Up for 3,078 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
$60.9K $19.80/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$59.4K $19.31/SF
− OpEx
−$17.8K −$5.79/SF
NOI
$41.6K $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%
$832,140
Cap Rate 7%
$594,386
Cap Rate 9%
$462,300
Alternative Uses
Best Use
Multifamily LT 5
$594.4K
$520.1K – $693.5K
NOI $41,607 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$517.3K
$452.6K – $603.5K
NOI $36,210 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.05M
$919.7K – $1.23M
NOI $73,577 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
813
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 - Two-level residential configuration combines home-like privacy with flexible owner-occupancy or rental use.
Where is this duplex located?
The property is located at 67-69 Central St Fitchburg, MA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Townhouse‑style duplex configuration with distinct, private living spaces; 3,078 square feet of residential space; Built in 1800
