Two-Unit
70 Prichard Street, Fitchburg, MA 01420
For Sale
$640,000
Two separate residences provide a six-bedroom layout, with two bedrooms in one unit and four in the other.
Property Size3,016 SF
Price / SF$212.20
Days on Market60
Property Features for 70 Prichard Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Building Details
Year Built
Buildings
Listing Agency:
eXp Realty LLC - Corporate Office
Listed By:
Dick Lee · License #449590660
(508) 277-9939
Source:
Jmulkerinrealty
Added: Sep 11
Changed: Nov 8
Last Checked: Nov 8 at 3:53AM
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 eXp Realty LLC - Corporate Office
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Investment Insights
Based on property information with market context.
This duplex contains 3,016 square feet across two separate residences. One unit has 2 bedrooms, while the other has 4, for a total of 6 bedrooms. The property was built in 1900 and is zoned RC.
Located in Fitchburg, the home is described as near shopping, restaurants, schools, public transportation, and major routes.
Located in Fitchburg, the home is described as near shopping, restaurants, schools, public transportation, and major routes.
Key Highlights
- Two units with 6 bedrooms total: one 2‑bedroom unit and one 4‑bedroom unit
- 3,016 square feet of building area
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,769
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,380
$815.4K
Cap Rate 7%
$582,414
$582.4K
Cap Rate 9%
$452,989
$453.0K
Market Conditions
NOI Build-Up for 3,016 SF
Gross rent
$59.7K $19.80/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$58.2K $19.31/SF
− OpEx
−$17.5K −$5.79/SF
NOI
$40.8K $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%
$815,380
Cap Rate 7%
$582,414
Cap Rate 9%
$452,989
Alternative Uses
Best Use
Multifamily LT 5
$582.4K
$509.6K – $679.5K
NOI $40,769 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$506.9K
$443.5K – $591.3K
NOI $35,480 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$1.03M
$901.2K – $1.20M
NOI $72,094 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
883
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 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 residences provide a six-bedroom layout, with two bedrooms in one unit and four in the other.
Where is this duplex located?
The property is located at 70 Prichard Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Two units with 6 bedrooms total: one 2‑bedroom unit and one 4‑bedroom unit; 3,016 square feet of building area; Built in 1900
