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122 Laurel St
Fitchburg, MA 01420
Multifamily Property For Sale · 6 Units

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INVESTMENT HIGHLIGHTS

  • Renovated 6 Family
  • Long Term Tenants
  • Off Street Parking

EXECUTIVE SUMMARY

Completely renovated in 2017, this well-maintained 6-family offers turnkey convenience with a full sprinkler system, radio box tied into the fire dept., (6) individual Rinnai on-demand heat and hot water units, updated electrical with separate meters plus a common meter, (6) gas meters, updated plumbing, thermal pane windows, and updated insulation. Each spacious apartment features renovated kitchens with modern cabinets, appliances, and dishwashers in select units, along with updated baths—some with double vanities and custom tile showers. Durable vinyl flooring runs throughout. All units have a second egress, and ample off-street parking is available for all tenants. Utilities are separated except town water/sewer. Basement offers extra storage and workspace. Vinyl siding ensures easy maintenance. Long-term tenants in place.

PROPERTY FACTS

Price Per Unit $191,667
Sale Type Investment
Cap Rate 6.51%
Sale Condition 1031 Exchange
No. Units 6
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Mid-Rise
Lot Size 0.13 AC
Building Size 4,449 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1920/2017
Parking Ratio 2.7/1,000 SF
Opportunity Zone Yes
Zoning NB - NB

AMENITIES

SITE AMENITIES

  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
FITC-000054-000013
Land Assessment
$102,000
Improvements Assessment
$470,900
Total Assessment
$572,900
  • Listing ID: 39174873

  • Date on Market: 1/22/2026

  • Last Updated:

  • Address: 122 Laurel St, Fitchburg, MA 01420

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