Updated Two-Family
74 East Street Fitchburg, MA 01420
74 East Street, Fitchburg, MA, 01420
$510,000
Pending
For Sale
$510,000
Pending
Two-unit property near amenities, suitable for owner-occupants or investors.
Property Size2,340 SF
Days on Market130
Property Features for 74 East Street
General Information
- Standard status
- Pending
- Size
- 2,340 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing Agency
United Brokers
(781) 629-2258
Listed by
JC Saenz · License #9075507
(781) 629-2258
Source
Compass
Added: Mar 13 Checked: Jul 19 at 4:54 am
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 United Brokers
Investment Insights
Based on property information with market context.
This two-family home is suitable for either an owner-occupant or an investor. Both units are tenant-at-will. Each unit features five rooms, including two bedrooms and one bathroom. The first floor includes a modern, updated kitchen with appliances and a recently finished basement bedroom. The property's location provides convenient access to shopping, a dog park, a playground, and Fitchburg State College. The property has a size of 2340 square feet.
Key Highlights
- Two‑family home, ideal for owner‑occupant or investor.
- Updated kitchen with appliances in the first‑floor unit.
- Recently finished basement bedroom in the first‑floor unit.
Local 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 | $46.3k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $45.2k | $19.31 |
| − OpEx | −$13.6k | −$5.79 |
| NOI | $31.6k | $13.52 |
2,340 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$451.9K
$395.4K – $527.2K
NOI $31,631 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$393.3K
$344.1K – $458.8K
NOI $27,528 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$799.1K
$699.2K – $932.3K
NOI $55,935 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property near amenities, suitable for owner-occupants or investors.
Where is this duplex located?
The property is located at 74 East Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two‑family home, ideal for owner‑occupant or investor.; Updated kitchen with appliances in the first‑floor unit.; Recently finished basement bedroom in the first‑floor unit.
