Three-Story Multifamily
For Sale
$599,999
99 Milk St, Fitchburg, MA 01420
Three-story residential property with hardwood floors, built-in cabinetry, and original molding.
Property Size4,305 SF
Lot Size0.11 Acres
Price / SF$139.37
Days on Market20
Property Features for 99 Milk St
General Information
Standard status
Active
Size
4,305 SF
Total Parking Spaces
4
Lot size
0.11 Acres
Property subtype
Residential Income
Zoning
RB
Taxes and HOA fees
Annual Taxes
$6,006
Building Details
Building Size
4,305 SF
Year Built
1900
Stories
4
Listing Agency:
Tammy Morrison Real Estate
Listed By:
Tammy C Morrison
(978) 407-9198
Source:
Laerrealty
Added: Sep 16
Changed: Sep 20
Last Checked: Oct 4 at 6:43AM
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 Tammy Morrison Real Estate
Investment Insights
Based on property information with market context.
Located at 99 Milk St in Fitchburg, Massachusetts, this multifamily property was constructed in 1900 and offers 4,305 square feet of living space across three stories. The layout includes eight bedrooms and four full bathrooms, providing a substantial residential configuration within a 4,687-square-foot lot.
Interior details include hardwood flooring, built-in cabinets, and original molding. The property is designated RB zoning and presents a spacious existing framework for multifamily residential use, with room distribution suited to a range of household arrangements.
Interior details include hardwood flooring, built-in cabinets, and original molding. The property is designated RB zoning and presents a spacious existing framework for multifamily residential use, with room distribution suited to a range of household arrangements.
Key Highlights
- 4,305 square feet of living space
- Eight bedrooms and four full bathrooms
- Three‑story layout on a 4,687‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,644
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,880
$1.0M
Cap Rate 7%
$723,486
$723.5K
Cap Rate 9%
$562,711
$562.7K
Market Conditions
NOI Build-Up for 4,305 SF
Gross rent
$94.5K $21.96/SF
− Vacancy
−$2.5K −$0.57/SF
EGI
$92.1K $21.39/SF
− OpEx
−$41.4K −$9.63/SF
NOI
$50.6K $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%
$1,012,880
Cap Rate 7%
$723,486
Cap Rate 9%
$562,711
Alternative Uses
Best Use
Apartment 5plus
$723.5K
$633.1K – $844.1K
NOI $50,644 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,907 @ 7.0% cap · market cap 17.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
755
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three-story residential property with hardwood floors, built-in cabinetry, and original molding.
Where is this multifamily property located?
The property is located at 99 Milk St Fitchburg, MA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 4,305 square feet of living space; Eight bedrooms and four full bathrooms; Three‑story layout on a 4,687‑square‑foot lot
