7 Concord St Fitchburg — Photo 1 of 21
$449,000
Investment Analysis — 7 Concord St
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 5.84% cap rate and $26,240/yr in estimated NOI at the $449,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,579
Style
Multi Family
Built
1870
Great opportunity for owner-occupants or investors! This updated two-family offers two bedrooms in each unit and has been refreshed inside and out. Recent improvements include a two-year-old roof, newer electrical service, fresh interior and exterior paint, new carpeting, new vinyl plank flooring, granite countertops and tile in the bathrooms. Gas heat and hot water, plus convenient laundry hookups in the basement.Both units are vacant and ready for immediate occupancy, offering plenty of flexibility for an owner-occupant or investor. Live in one unit and rent the other to help offset your mortgage, or choose your own tenants for both units. Conveniently located just steps from Fitchburg State University and close to shopping, restaurants, public transportation and area amenities. A great opportunity for anyone looking for a move-in-ready two-family!
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Listing Agent: Christine Hebert Scannell
Listing Office: Proactive Realty
MLS® Number: 73573807