Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fitchburg Land Development Opportunity Title is generated by Realmo AI

    Summer St, Fitchburg, MA 01420

    View on Map
    Claim this Listing
    New
    For Sale
    $120,000

    LAND - Fitchburg, MA

    Lot size:
    0.24 Acres
    Added:
    May 19, 2026
    Days on Market:
    3
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for Summer St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RC
    Standard status
    Active
    APN
    M:0057 B:0039 L:0,1508332
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    851

    We can help!

    Listing Contact
    Rochelle Jonswold

    Listing agent Rochelle Jonswold

    Listing office Keller Williams Realty North Central 670 Mechanic Street, MA

    Listing date May 19, 2026

    MLS# 73521198 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great Location on Major Hwy
    • Rustic and Ready
    • Various types of businesses will fit
    • Over 2 Acres
    • Fully furnished with equipment, tables, chairs etc.
    • Turn Key Operations

    Overview

    This property presents a development opportunity near downtown Fitchburg, Massachusetts. Its location offers convenient access to the MBTA commuter rail and Fitchburg State University. The property includes the right to build a two-family residence. With Planning Board approval, there is potential for up to four or five two-bedroom units. The location provides easy access to shops, dining, and public transportation, offering a convenient lifestyle and connectivity to greater Boston and surrounding areas. This property is suitable for development, portfolio expansion, or creating multi-unit housing in a high-demand market. The lot size is 0.2425 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.79046
    Latitude
    42.581638

    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
    • $539,000
      2,060 SF

      Fitchburg Multi-Family Investment Opportunity

      Spacious two-unit property with separate utilities and desirable features.
      306 Franklin Road, 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
    • $495,000
      3,000 SF

      Fitchburg Multifamily Development Opportunity

      Development opportunity with income-generating parking lot in Fitchburg, MA.
      179 Pratt St, 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
    • $365,000
      1,344 SF

      Versatile Two-Family Property in Fitchburg

      Two-family property with income potential or single-family living.
      24 Lawrence St, Fitchburg, MA 01420
      View Details
    • $675,000
      2,018 SF

      New Build Mixed-Use Property

      Mixed-use property built in 2015 with parking and garage.
      381 Summer 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
    • $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
    • $574,888
      4,938 SF

      Solid Brick House in Fitchburg

      Spacious multifamily property with updated systems and hardwood floors.
      58 (A B) Oliver Street, 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

    FAQs

    What type of property is this?
    Residential land & home lot - Land with development potential near downtown Fitchburg and public transit.
    Where is this residential land & home lot located?
    The property is located at Summer St Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
    (978) 840-9000
    We can help!
    Listing Contact
    Rochelle Jonswold
    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

    Thank You for Inquiry
    Summer St, Fitchburg, MA 01420
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!