Victorian Triplex with
For Sale
$479,000
8 Hawes St, Fitchburg, MA 01420
Three living spaces feature hardwood floors, off-street parking, a fenced yard, and an adaptable interior arrangement.
Property Size3,308 SF
Price / SF$144.80
Days on Market81
Property Features for 8 Hawes St
General Information
Standard status
Active
Size
3,308 SF
Property subtype
3 Family
Units
Unit Mix
1 x 5BR/1BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
3
Amenities
fenced yard
Building Details
Building Size
3,308 SF
Year Built
1910
Buildings
1
Construction
Victorian
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Jul 28
Changed: Oct 15
Last Checked: Oct 15 at 1:16AM
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 IVerty Realty, LLC
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Investment Insights
Based on property information with market context.
Located at 8 Hawes St in Fitchburg, Massachusetts, this 3,308-square-foot triplex dates to 1910 and retains Victorian character. The current arrangement includes a five-bedroom, one-bath residence, a separate one-bedroom, one-bath apartment, and a studio. Hardwood floors and generous living areas add period detail and usable interior space.
The property also includes off-street parking and a fenced yard. The layout is described as adaptable, with a possible reconfiguration into two three-bedroom, one-bath units plus one one-bedroom, one-bath unit through relatively minor doorway modifications. No major structural changes are believed to be necessary for that proposed arrangement.
The property also includes off-street parking and a fenced yard. The layout is described as adaptable, with a possible reconfiguration into two three-bedroom, one-bath units plus one one-bedroom, one-bath unit through relatively minor doorway modifications. No major structural changes are believed to be necessary for that proposed arrangement.
Key Highlights
- Current configuration: 5‑bedroom, 1‑bath unit, separate 1‑bedroom, 1‑bath unit, and studio apartment
- 3,308 SF triplex built in 1910
- Potential layout for two 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,915
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,300
$778.3K
Cap Rate 7%
$555,929
$555.9K
Cap Rate 9%
$432,389
$432.4K
Market Conditions
NOI Build-Up for 3,308 SF
Gross rent
$72.6K $21.96/SF
− Vacancy
−$1.9K −$0.57/SF
EGI
$70.8K $21.39/SF
− OpEx
−$31.8K −$9.63/SF
NOI
$38.9K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,300
Cap Rate 7%
$555,929
Cap Rate 9%
$432,389
Alternative Uses
Best Use
Multifamily LT 5
$638.8K
$559.0K – $745.3K
NOI $44,716 @ 7.0% cap · market cap 9.34%
Second Best
Apartment 5plus
$555.9K
$486.4K – $648.6K
NOI $38,915 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$1.13M
$988.4K – $1.32M
NOI $79,074 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
872
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three living spaces feature hardwood floors, off-street parking, a fenced yard, and an adaptable interior arrangement.
Where is this triplex located?
The property is located at 8 Hawes St Fitchburg, MA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Current configuration: 5‑bedroom, 1‑bath unit, separate 1‑bedroom, 1‑bath unit, and studio apartment; 3,308 SF triplex built in 1910; Potential layout for two 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
