40 Edwards St
$670,000
8
Beds
3
Baths
2,508
Sqft
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$670,000
8
Beds
3
Baths
2,508
Living Area
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Property Description
FOR SALE | $670,000 | 3-Unit Multi-Family | 40 Edwards St, Fitchburg, three-family asset delivering $5,400 monthly — $64,800 annually — in gross rental income. Extensively capital-improved with new electrical service, sub-metered panels, full plumbing replacement, and updated unit-level electrical throughout. Two renovated units feature granite countertops, modern cabinetry, mini-split HVAC, updated flooring, and stainless steel appliances. Exterior freshly painted. Off-street parking. Owner-paid water. Strong in-place tenancy with immediate cash flow and value-add upside on the third unit. Ideal for the 1031 exchange buyer or portfolio investor seeking a low-maintenance, income-producing asset in a growing Central Massachusetts market. Images used are from before the rental agreements
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Highlights
- Cooling: Wall Unit(s), Heat Pump
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1905
- Heating: Forced Air, Heat Pump, Electric
- Parking Spots: 6
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 15
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Post & Beam, Cement Board
- Flooring: Tile, Vinyl, Stone/Ceramic Tile
- Interior Features: Stone/Granite/Solid Counters, Upgraded Cabinets, Walk-In Closet(s), Bathroom With Tub & Shower, Smart Thermostat, Remodeled, Living Room, Kitchen, Laundry Room
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Rc
- Basement: Full, Walk-Out Access, Interior Entry, Concrete, Slab
- Exterior Features: Balcony/Deck
- Foundation: Stone, Granite
- Lot Features: Cleared
- Roof: Rubber
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Park
- Parking Features: Paved Drive, Off Street, Assigned, Paved
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Utilities
- Electric: 110 Volts, 220 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $405,000
- Tax Year: 2025
- Total Rent: $5,400
- Rental Fee Includes: Unit 1(Water), Unit 2(Water)
- Taxes: $5,472
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Listing information provided courtesy of Edward Perez.
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