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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Residential income homes
43 Highland Ave Fitchburg, MA 01420-7814
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1495966
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1900
Construction
FRAME
Total area
4,388 SF
Lot
0.38 ac (16,649 SF)
Zoning code
RC
APN
FITC M:0045 B:0014 L:0
UPID
US38-1495966
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bridge of Central Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$825k
Owner & transaction history
Mapleleaf Rentals LLC · 1 yrs held
Mapleleaf Rentals LLC
since 2024
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
RC · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$635,000
+20.7%
Neighborhood: shopping center
$555,000
+5.2%
Retail stores
$540,000
+2.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fitchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fitchburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$825,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$525,000
Current use
AUTO REPAIR, GARAGE
$635,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$540,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $825k (Oct 9 2024)
Last sale anchor
$825k
Oct 9 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$188 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,881
Tax year 2024
Assessed value
$464,600
Assessed 2024
Previous assessed
$464,600
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$57,300
Assessed improvement
$407,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
8
Rooms
8
Bathrooms
3
Total area
4,388 SF
Lot
0.38 ac (16,649 SF)
Zoning code
RC
APN
FITC M:0045 B:0014 L:0
UPID
US38-1495966
Jurisdiction
FITCHBURG
Zoning & alternative use
RC · Fitchburg, MA
Zoning RC · permitted uses
RC · Fitchburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fitchburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
RETAIL STORES
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
8
Rooms
8
Bathrooms
3
Lot
0.38 ac
Current owner
From public records · entity-resolved
Mapleleaf Rentals LLC
Entity
Mailing address
75 N ML ST, HOPKINTON, MA 01748-2653
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
$825,000
Mapleleaf Rentals LLC
Steven G Goodnow
Quit Claim Arm's Length For Ne States
$577,500 · Direct Cu
Jul 31, 2008
$1
Steven G Goodnow
Evangelista,joseph R
Grant Deed
—
Jul 31, 2008
—
Steven G Goodnow
—
Deed Of Trust
related
$250,000 · Spencer Savings Bank Sla
Jul 20, 2006
—
Joseph R Evangelista
—
Deed Of Trust
related
$210,000 · Spencer Savings Bank Sla
May 13, 2005
—
Joseph R Evangelista
—
Deed Of Trust
related
$240,000 · Spencer Savings Bank Sla
Dec 29, 1995
—
Joseph R Evangelista
—
Deed Of Trust
related
$151,500 · Bay State Savings Bank
Jun 27, 1989
—
Joseph Evangelista
—
Deed Of Trust
related
$90,000 · University Bank & Trust Co
Oct 18, 1988
$225,000
Joseph Evangelista
Girouard,james E
Grant Deed
$210,000 · Worc County Inst Savings
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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