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5 Gibson Pl, Fitchburg MA 01420

$1,150,000

Estimated $2,464.53/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $191,666.67

Total Rent: 96000/year

Estimated CAP Rate: 7.72%

18 Bedrooms

6 Full Baths

5,040 SqFt

Total Parking: 6

6,495 SqFt

Northeast Private Client Group® is pleased to present The Gibson Place Apartments, a 6-unit multifamily property located at 5 Gibson Place in Fitchburg, Massachusetts. The Gibson Place Apartments consists of (6) three-bedroom units. There is off-street parking and tenants are responsible for their utilities. The Gibson Place Apartments provides an investor the opportunity to acquire a well-maintained apartment property with the ability to raise rents to market level. Unit 4 & 5 is currently vacant, the owner is leaving this vacant for the next owner/tours. Re-leasing this space is up for negotiation. Please agent Rick Welch at Rwelch@northeastpcg.conm for additional information.

This home has been viewed 86 times

Last Checked: June 19th, 2025 at 4:29am (Source: MLS PIN #73340462)

Gross Income: $96,000

Gross Expenses: $7,197

Net Income Calc: $88,803

CAP Rate: 7.72%

Annual Expenses for 5 Gibson Pl, Fitchburg MA 01420

Total Gross Expenses (Calculated)$7,197/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,197.66

Annual Income & Unit Breakdown for 5 Gibson Pl, Fitchburg MA 01420

Total Gross Income (Calculated)$96,000

Unit 1

Rental Income$2,100

LeaseY

Bedrooms3

Bathrooms1 Full

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 2

Rental Income$1,800

LeaseY

Bedrooms3

Bathrooms1 Full

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 3

Rental Income$1,850

Lease

Bedrooms3

Bathrooms1 Full

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 4

Rental Income$2,250

Lease

Bedrooms3

Bathrooms1 Full

Floor

Levels in Unit0

HeatingNo

Rent Includes

General Information for 5 Gibson Pl, Fitchburg MA 01420

Listing ID73340462

Property TypeMulti Family / 5+ Family

Price$1,150,000 ($228.17/SqFt)

Style5-9 Family

CityFitchburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total5,040 SqFt

Approximate Lot Size (Acres)0.15 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 5 Gibson Pl, Fitchburg MA 01420

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$34,308

Total Gross Income By Broker$146,400

Total Net Income By Broker$104,771

For Sale By OwnerEntry Only

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.5%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 5 Gibson Pl, Fitchburg MA 01420

Real Estate Taxes$7,197.66

Tax Year2024

Assessed Value$586,800

Financial Data Source

Total Gross Expenses By Broker$34,308

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$146,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$104,771

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.72%

Location Information for 5 Gibson Pl, Fitchburg MA 01420

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 5 Gibson Pl, Fitchburg MA 01420

Agent

Name: Richard Welch

Office

Name: Northeast Private Client Group, LLC

Phone: 857-990-6800

Team Members

Name: Tom Egbers

Phone: 309-825-1662

Name: Tim McGeary

Phone: 857-990-6804

Payment Calculator

, Interest

Property Taxes 599.81

Principal & Interest 7085.93

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Northeast Private Client Group, LLC

Richard Welch

Agent Phone

Office Phone

(857) 990-6800

Text Agent Call Agent Call Office

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    [description] => Northeast Private Client Group® is pleased to present The Gibson Place Apartments, a 6-unit multifamily property located at 5 Gibson Place in Fitchburg, Massachusetts. The Gibson Place Apartments consists of (6) three-bedroom units. There is off-street parking and tenants are responsible for their utilities. The Gibson Place Apartments provides an investor the opportunity to acquire a well-maintained apartment property with the ability to raise rents to market level. Unit 4 & 5 is currently vacant, the owner is leaving this vacant for the next owner/tours. Re-leasing this space is up for negotiation. Please  agent Rick Welch at Rwelch@northeastpcg.conm for additional information.
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[utilities] => Array
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EXIT

Withdrawn

5 Gibson Pl, Fitchburg MA 01420

$1,150,000

Annual Expenses for 5 Gibson Pl, Fitchburg MA 01420

Annual Income & Unit Breakdown for 5 Gibson Pl, Fitchburg MA 01420

General Information for 5 Gibson Pl, Fitchburg MA 01420

Disclosures for 5 Gibson Pl, Fitchburg MA 01420

Financial Information for 5 Gibson Pl, Fitchburg MA 01420

Location Information for 5 Gibson Pl, Fitchburg MA 01420

Contact Information for 5 Gibson Pl, Fitchburg MA 01420

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Northeast Private Client Group, LLC

Richard Welch