
21 Old Leominster Rd Fitchburg — Photo 1 of 39
$665,000
Investment Analysis — 21 Old Leominster Rd
Fitchburg, MA 01420 — Fitchburg
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-unit multi-family in 01420 carries an estimated $5,820/mo in gross rent — about a 7.12% cap rate and $47,335/yr in estimated NOI at the $665,000 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
3
SqFt
3,074
Style
3 Family
Built
1900
INVESTMENT PROPERTY | THREE-FAMILY | 8 BEDROOMS | WELL-MAINTAINED INTERIORS Excellent investment property featuring two 2-bedroom units and one spacious 4-bedroom townhouse-style unit spanning two levels of living space. The 4-bedroom unit includes two bedrooms on the second floor and two additional bedrooms on the third floor, offering a generous and flexible layout. One of the 2-bedroom units is located in the finished basement apartment, providing additional privacy and functionality. The beautifully maintained interiors offer comfortable living spaces, functional layouts, and desirable bedroom configurations. The variety of unit sizes provides flexibility for attracting a range of tenants and maximizing rental potential. A major highlight is the ample off-street parking, providing convenient parking for residents across all three units. This valuable feature adds to the property's functionality and tenant appeal. The exterior paint could benefit from some updating, providing an opportunity for a new owner to add their personal touch and enhance the property’s curb appeal. As an added benefit, the owner has elected to install two brand-new boilers prior to closing, providing peace of mind and a valuable improvement for the next owner. With three separate units, eight total bedrooms, two levels of living space in the 4-bedroom unit, well-maintained interiors, and generous parking, this property offers an appealing combination of functionality, rental potential, and future upside. Whether you're an experienced investor expanding your portfolio or looking for your next multi-family investment, this property offers a solid foundation with room to enhance value over time. Schedule your private showing today!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Listing Agent: Traci Lavanway
Listing Office: Coldwell Banker Realty - Leominster
MLS® Number: 73571515