Three-Unit Residential
7 Taft St, Fitchburg, MA 01420
For Sale
New
$525,000
Three separate dwellings provide a combined seven bedrooms and three bathrooms.
Property Size2,275 SF
Price / SF$230.77
Days on Market4
Property Features for 7 Taft St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listed By:
Timothy Kihiko
(978) 710-9307
Source:
Elliman
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 6:10AM
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 Timothy Kihiko
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Investment Insights
Based on property information with market context.
This three-unit residential property contains approximately 2,275 square feet, with seven bedrooms and three bathrooms in total. Updates include electrical, plumbing, and heating systems, as well as interior finishes, flooring, kitchens, and bathrooms. The building dates to 1910.
At 7 Taft St in Fitchburg, the property is near public transportation, shopping, parks, and other local amenities. Walk Score is 78, Bike Score is 58, and Transit Score is 44.
At 7 Taft St in Fitchburg, the property is near public transportation, shopping, parks, and other local amenities. Walk Score is 78, Bike Score is 58, and Transit Score is 44.
Key Highlights
- Three units with a combined 7 bedrooms and 3 bathrooms
- Approximately 2,275 square feet of living area
- Electrical, plumbing, and heating systems have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,753
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,060
$615.1K
Cap Rate 7%
$439,329
$439.3K
Cap Rate 9%
$341,700
$341.7K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$45.0K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$43.9K $19.31/SF
− OpEx
−$13.2K −$5.79/SF
NOI
$30.8K $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%
$615,060
Cap Rate 7%
$439,329
Cap Rate 9%
$341,700
Alternative Uses
Best Use
Multifamily LT 5
$439.3K
$384.4K – $512.6K
NOI $30,753 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$776.9K
$679.8K – $906.4K
NOI $54,382 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
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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
$294,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Fitchburg, MA
Properties on Market for Triplexes in Fitchburg
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate dwellings provide a combined seven bedrooms and three bathrooms.
Where is this triplex located?
The property is located at 7 Taft St Fitchburg, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three units with a combined 7 bedrooms and 3 bathrooms; Approximately 2,275 square feet of living area; Electrical, plumbing, and heating systems have been updated
