61 Central Street Fitchburg — Photo 1 of 41
$425,000
Investment Analysis — 61 Central Street
Fitchburg, MA 01420
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 2-unit multi-family in 01420 carries an estimated $3,320/mo in gross rent — about a 5.98% cap rate and $25,410/yr in estimated NOI at the $425,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
1,692
Style
Multi Family
Built
1830
Charming sun-filled two-family home nestled in the heart of downtown Fitchburg! This exceptional investment or owner-occupant opportunity features hardwood floors, fireplaces and a whole lot of character! The lower unit moves easily from a defined entry into generous living and dining spaces, complete with 1.5 recently updated bathrooms, a kitchen featuring granite countertops and updated appliances, as well as 2 bedrooms. Upstairs, you are greeted with a deck nestled in the trees guiding you through to a spacious apartment. This unit boasts 2 bedrooms, a kitchen complete with an eat-in island, window seat and ample storage! Towards the front of the space you will find a generously sized living room as well as an updated full bath! This property is complete with a partial walk-out basement featuring laundry. Large stand alone 2 car garage allowing for driveway parking for both units. This multi-family home combines period charm, versatile occupancy, and an unbeatable location just minutes from dining, shopping, the commuter rail to Boston and Fitchburg State University! This property has recently undergone a MASS save audit; complete with updated insulation! Recent updates include: roof, water heater, bathrooms, upstairs kitchen, appliances top to bottom, and young furnace!
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Cyndi Deshaies
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73566824