Vacant Two-Family
For Sale
$529,900
8 Jay St, Fitchburg, MA 01420
Delivered vacant with separate meters, updated systems, and off-street parking.
Property Size2,757 SF
Price / SF$192.20
Days on Market101
Property Features for 8 Jay St
General Information
Standard status
Active
Size
2,757 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
RB
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 5BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,828
Building Details
Building Size
2,757 SF
Year Built
1900
Year Renovated
2022
Stories
3
Listing Agency:
eXp Realty LLC - Corporate Office
(888) 854-7493
Listed By:
Xavier Cole
(978) 539-9512
Source:
Churchillprop
Added: Jul 8
Changed: Oct 6
Last Checked: Oct 16 at 6:56AM
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 2,757-square-foot duplex at 8 Jay St in Fitchburg, Massachusetts, offers a two-unit layout with both residences delivered vacant at closing. The first unit includes 3 bedrooms and 1 bathroom, while the bi-level second unit has 5 bedrooms and 2 bathrooms. Refinished hardwood floors, new kitchens, and updated bathrooms serve both units.
The property received 2022 improvements including a newer roof, updated forced-air HVAC systems, and electrical upgrades. Separate meters support independent utility measurement. Four off-street parking spaces are included, along with a full walk-out basement featuring washer/dryer hookups and dual egresses. Future basement finishing is subject to permitting and approvals. The property is near downtown Fitchburg and Fitchburg State University, with access to Route 2, I-190, and the MBTA T-Station serving Boston.
The property received 2022 improvements including a newer roof, updated forced-air HVAC systems, and electrical upgrades. Separate meters support independent utility measurement. Four off-street parking spaces are included, along with a full walk-out basement featuring washer/dryer hookups and dual egresses. Future basement finishing is subject to permitting and approvals. The property is near downtown Fitchburg and Fitchburg State University, with access to Route 2, I-190, and the MBTA T-Station serving Boston.
Key Highlights
- 2,757‑square‑foot duplex with 3‑bedroom and 5‑bedroom units
- Unit 1 has 3 bedrooms and 1 bathroom; Unit 2 is a bi‑level 5‑bedroom, 2‑bathroom suite
- 2022 improvements include a newer roof, updated forced‑air HVAC, and updated electrical
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,268
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,360
$745.4K
Cap Rate 7%
$532,400
$532.4K
Cap Rate 9%
$414,089
$414.1K
Market Conditions
NOI Build-Up for 2,757 SF
Gross rent
$54.6K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$53.2K $19.31/SF
− OpEx
−$16.0K −$5.79/SF
NOI
$37.3K $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%
$745,360
Cap Rate 7%
$532,400
Cap Rate 9%
$414,089
Alternative Uses
Best Use
Multifamily LT 5
$532.4K
$465.9K – $621.1K
NOI $37,268 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$463.3K
$405.4K – $540.6K
NOI $32,433 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$941.5K
$823.8K – $1.10M
NOI $65,903 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
861
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
Frequently Asked Questions
What type of property is this?
Duplex - Delivered vacant with separate meters, updated systems, and off-street parking.
Where is this duplex located?
The property is located at 8 Jay St Fitchburg, MA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 2,757‑square‑foot duplex with 3‑bedroom and 5‑bedroom units; Unit 1 has 3 bedrooms and 1 bathroom; Unit 2 is a bi‑level 5‑bedroom, 2‑bathroom suite; 2022 improvements include a newer roof, updated forced‑air HVAC, and updated electrical
