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    Spacious Three-Family Property For Sale Title is generated by Realmo AI

    9-11 Franklin St, Fitchburg, MA 01420

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    For Sale
    $665,000

    Well-located three-family property with strong income potential.

    Type:3 Family
    Property size:
    4,385 SF
    Price / SF:
    $151/SF
    Added:
    Apr 13, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 20 at 6:27 pm

    Property Features for 9-11 Franklin St

    General Information

    Standard status
    Active
    Size
    4,385 SF
    Property subtype
    3 Family

    Building Details

    Year Built
    1900

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    Listing Contact
    Harold Mateo

    Listing agent Harold Mateo

    Listing office RSC Global Realty

    Listing date Apr 13, 2026

    Source Lockandkeyre

    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 RSC Global Realty

    HighLights

    • Strong income‑producing potential from three units.
    • Ideal for owner‑occupants seeking rental income.
    • Convenient location near shopping, dining, schools, public transportation, and major commuter routes.
    • Nine total bedrooms provide rental flexibility.
    • Additional two‑story garage offers enthusiast space or ADU conversion potential.
    • Generous unit sizes and practical layouts.

    Overview

    This spacious three-family property features a total of 9 bedrooms and presents a strong income-producing opportunity. The multi-family property is suitable for owner-occupants seeking rental income or investors aiming to expand their portfolio. The building offers generous unit sizes and practical layouts. Its scale and bedroom count provide rental flexibility. The property is located near shopping, dining, schools, public transportation, and major commuter routes. The property also includes a two-story garage, suitable for enthusiasts or potential conversion to an Accessory Dwelling Unit (ADU). The property size is 4385 square feet.

    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 $86.8k $19.80
    − Vacancy −$2.1k −$0.49
    EGI $84.7k $19.31
    − OpEx −$25.4k −$5.79
    NOI $59.3k $13.52
    4,385 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $846.8K
    $740.9K – $987.9K (±1% cap)
    NOI $59,275 @ 7.0% cap · market cap 8.91%
    Second Best
    Apartment 5plus
    $736.9K
    $644.8K – $859.8K (±1% cap)
    NOI $51,585 @ 7.0% cap · market cap 7.76%
    Theoretical Best
    Office A
    $1.50M
    $1.31M – $1.75M (±1% cap)
    NOI $104,819 @ 7.0% cap · market cap 15.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8064802
    Latitude
    42.582425

    FAQs

    What type of property is this?
    Triplex - Well-located three-family property with strong income potential.
    Where is this triplex located?
    The property is located at 9-11 Franklin St Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $665,000.
    What are key features of this property?
    This property features: Strong income‑producing potential from three units.; Ideal for owner‑occupants seeking rental income.; Convenient location near shopping, dining, schools, public transportation, and major commuter routes.
    More about this property
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