$599,000
8
Beds
3
Baths
3,668
Living Area
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Property Description
Rare opportunity to own a turn-key 3-family property in Fitchburg offering strong income potential and flexibility for both investors and owner-occupants. With approximately 3,528 sq. ft. of living area on a 9,135 sq. ft. lot, this spacious multi-family features three well-sized units and ample off-street parking for up to 6 vehicles.The first-floor unit offers 3 bedrooms and 1 full bathroom and is currently tenant occupied. The second-floor unit features 3 bedrooms and 1 full bathroom and will be delivered VACANT, making it an excellent option for an owner-occupant, house-hacker, FHA/VA buyer, or investor looking to place a new tenant at market rent. The third-floor unit includes 2 bedrooms and 1 full bathroom and is also tenant occupied.A full basement provides washer and dryer hook-ups, with potential to add coin-operated laundry for additional income. Current below-market rents offer immediate value-add potential, with projected gross monthly income at market rates estimated at approximately $6,200. Conveniently located near shopping, public transportation, commuter rail, major routes, schools, local amenities, and Fitchburg State University. A great opportunity to build equity, increase rental income, and add a solid multi-family property to your portfolio.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1900
- Parking Spots: 6
- Property Type: 3 Family
- Total Rooms: 16
- Status: Active
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Additional Details
- Foundation: Stone
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Rc
- Lot Features: Corner Lot
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $552,200
- Taxes: $7,339
- Tax Year: 2026
- Total Rent: $2,400
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