Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9 Martel St Fitchburg, MA 1420

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $530,000

    Updated two-family home in Fitchburg, ideal for owners or investors.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 24 at 6:05 pm

    Property Features for 9 Martel St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Juan Concepcion

    Listing agent Juan Concepcion

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Juan Concepcion

    Overview

    Remodeled Two-Family Home

    This two-family home is located in Fitchburg. It is suitable for first-time owners or investors. The bathrooms and floors have been remodeled. Plumbing and the heating system have been updated. The property features an open-concept kitchen with updated cabinetry. Each unit includes laundry hookups. Parking is available for up to six cars. A new rubber roof has been installed, along with a new electric system. The location has a walk score of 60, indicating it is somewhat walkable, and a bike score of 41, indicating it is somewhat bikeable. The transit score is 21, indicating minimal transit options.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8175338
    Latitude
    42.5782192

    Nearby Similar for Sale

    • $639,000
      2,808 SF

      Fitchburg Three-Family Home

      Renovated three-unit property in a desirable Fitchburg location.
      115 Beech, Fitchburg, MA 01420
      View Details
    • $499,000
      2,484 SF

      Fitchburg Two-Family Investment Opportunity

      Turnkey two-family near Route 2, ideal for investors or owners.
      76 Abbott Ave, Fitchburg, MA 01420
      View Details
    • $539,900
      2,419 SF

      Updated Duplex in Fitchburg, MA

      Updated duplex with modern amenities, off-street parking, and laundry hookups.
      48-50 Nashua St, Fitchburg, MA 01420
      View Details
    • $699,900
      2,018 SF

      Fitchburg Mixed-Use Building For Sale

      Newer mixed-use building with parking and oversized garage.
      381 Summer Street, Fitchburg, MA 01420
      View Details
    • $449,900
      1,608 SF

      Fitchburg Multifamily Investment Opportunity

      Well-maintained duplex near Fitchburg State University, ideal for investors.
      70-72 Snow Street, Fitchburg, MA 01420
      View Details
    • $420,000
      1,982 SF

      Fitchburg Multifamily Residence For Sale

      Classic multifamily residence in Fitchburg, MA with ample living space.
      122 Sanborn St, Fitchburg, MA 01420
      View Details
    • $2,770,000
      8,487 SF

      Fitchburg Retail Shopping Strip

      Fully occupied retail strip with triple-net leases and attractive renewals.
      50 Whalon St, Fitchburg, MA 01420
      View Details
    • $574,888
      4,938 SF

      Solid Brick Home in Fitchburg

      Updated brick home near university, downtown, and commuter rail.
      58 (A B) Oliver Street, Fitchburg, MA 01420
      View Details
    • $3,600,000
      55,000 SF

      Fitchburg Multi-Tenant Office Building

      Four-story office building with income and upside potential.
      76 Summer St, Fitchburg, MA 01420
      View Details
    • $495,000
      3,000 SF

      Multifamily Property with Income Potential

      Multifamily property with income potential from parking lot.
      179 Pratt St, Fitchburg, MA 01420
      View Details
    • $599,900
      3,835 SF

      Turn-Key Investment Property Opportunity

      Meticulously maintained 3-family home in desirable neighborhood, generating $51,000 annually.
      338 Blossom Street, Fitchburg, MA 01420
      View Details
    • $610,000

      Updated Three-Family Home, Fitchburg

      Meticulously maintained three-family home with income potential in Fitchburg.
      29 Forest St, Fitchburg, MA 01420
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated two-family home in Fitchburg, ideal for owners or investors.
    Where is this duplex located?
    The property is located at 9 Martel St Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: Updated Plumbing and Heating System; Remodeled Bathrooms and Floors; New Rubber Roof and New Electric System
    (978) 837-1233
    We can help!
    Listing Contact
    Juan Concepcion
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!