3-Unit Triplex with Off-Street
For Sale
$599,900
83-85 Marshall Street, Fitchburg, MA 01420
Updated electrical and heating systems complement hardwood-floored living rooms and bedrooms.
Property Size3,780 SF
Price / SF$158.70
Days on Market14
Property Features for 83-85 Marshall Street
General Information
Standard status
Active
Size
3,780 SF
Total Parking Spaces
6
Property subtype
Multi-family
Additional Details
Parking per Unit
2
Amenities
porch
Building Details
Year Built
1905
Listing Agency:
View Real Estate Group
Listed By:
Jenka Valdez
(978) 884-0484
Source:
Jbarrettrealty
Added: Oct 3
Changed: Oct 15
Last Checked: Oct 14 at 11:28PM
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 View Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3-unit property at 83-85 Marshall St in Fitchburg contains 3,780 square feet and dates to 1905. Electrical and heating systems have been updated. Hardwood floors run through the living rooms and bedrooms, while the kitchen features a wainscot wall. A porch adds outdoor space, and the property has six off-street parking spaces, two for each unit.
The property is zoned RC. Its three-unit configuration, interior features, porch, and dedicated parking are among its defining physical details.
The property is zoned RC. Its three-unit configuration, interior features, porch, and dedicated parking are among its defining physical details.
Key Highlights
- 3,780‑square‑foot triplex built in 1905
- Six off‑street parking spaces, with two assigned per unit
- Updated electrical and heating systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,097
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,940
$1.0M
Cap Rate 7%
$729,957
$730.0K
Cap Rate 9%
$567,744
$567.7K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$74.8K $19.80/SF
− Vacancy
−$1.8K −$0.49/SF
EGI
$73.0K $19.31/SF
− OpEx
−$21.9K −$5.79/SF
NOI
$51.1K $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%
$1,021,940
Cap Rate 7%
$729,957
Cap Rate 9%
$567,744
Alternative Uses
Best Use
Multifamily LT 5
$730.0K
$638.7K – $851.6K
NOI $51,097 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$635.3K
$555.9K – $741.1K
NOI $44,468 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,357 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
843
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Updated electrical and heating systems complement hardwood-floored living rooms and bedrooms.
Where is this triplex located?
The property is located at 83-85 Marshall Street Fitchburg, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 3,780‑square‑foot triplex built in 1905; Six off‑street parking spaces, with two assigned per unit; Updated electrical and heating systems
