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122 Laurel St 6 Unit Apartment Building $1,150,000 ($191,667/Unit) 6.51% Cap Rate Fitchburg, MA 01420

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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.

rentalInformation

HomeInspectionDisclosure

3DTourLinksofallunits

Financial Summary (Actual - 2025) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$1,150,000	Building Class	C
Price Per Unit	$191,667	Lot Size	0.13 AC
Sale Type	Investment	Building Size	5,680 SF
Cap Rate	6.51%	Average Occupancy	100%
Sale Condition	1031 Exchange	No. Stories	3
No. Units	6	Year Built/Renovated	1920/2017
Property Type	Multifamily	Parking Ratio	2/1,000 SF
Property Subtype	Apartment Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	NB - NB

Price	$1,150,000
Price Per Unit	$191,667
Sale Type	Investment
Cap Rate	6.51%
Sale Condition	1031 Exchange
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.13 AC
Building Size	5,680 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1920/2017
Parking Ratio	2/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	NB - NB