Two-Unit Duplex with Separate
For Sale
$565,000
76 Columbus, Fitchburg, MA 01420
The larger residence includes two floors, a dedicated laundry room, a bonus room, and office space.
Property Size2,657 SF
Price / SF$212.65
Days on Market8
Property Features for 76 Columbus
General Information
Standard status
Active
Size
2,657 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Building Size
2,657 SF
Year Built
1900
Buildings
1
Listing Agency:
The American Dream Real Estate
(617) 290-6783
Listed By:
Musa Muzaaya
(617) 685-9534
Source:
Iverty
Added: Oct 8
Changed: Oct 15
Last Checked: Oct 15 at 12:15AM
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 The American Dream Real Estate
Investment Insights
Based on property information with market context.
This 2,657-square-foot duplex, built in 1900, contains two distinct residences. The larger unit has four bedrooms, two full bathrooms, and living space across two levels, plus a kitchen with granite countertops, a laundry room, bonus room, and office area.
The second unit has two bedrooms, stainless steel appliances, and a ductless mini-split system for heating and air conditioning. Utilities are separately metered for the two units.
The second unit has two bedrooms, stainless steel appliances, and a ductless mini-split system for heating and air conditioning. Utilities are separately metered for the two units.
Key Highlights
- 2,657‑square‑foot duplex built in 1900
- Two units: one with 4 bedrooms and 2 full bathrooms; the other with 2 bedrooms
- Larger unit spans two levels and includes a granite‑countertop kitchen, laundry room, bonus room, and office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,916
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,320
$718.3K
Cap Rate 7%
$513,086
$513.1K
Cap Rate 9%
$399,067
$399.1K
Market Conditions
NOI Build-Up for 2,657 SF
Gross rent
$52.6K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$51.3K $19.31/SF
− OpEx
−$15.4K −$5.79/SF
NOI
$35.9K $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%
$718,320
Cap Rate 7%
$513,086
Cap Rate 9%
$399,067
Alternative Uses
Best Use
Multifamily LT 5
$513.1K
$449.0K – $598.6K
NOI $35,916 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$446.5K
$390.7K – $521.0K
NOI $31,257 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$907.3K
$793.9K – $1.06M
NOI $63,513 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
241
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The larger residence includes two floors, a dedicated laundry room, a bonus room, and office space.
Where is this duplex located?
The property is located at 76 Columbus Fitchburg, MA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 2,657‑square‑foot duplex built in 1900; Two units: one with 4 bedrooms and 2 full bathrooms; the other with 2 bedrooms; Larger unit spans two levels and includes a granite‑countertop kitchen, laundry room, bonus room, and office
