Description
Investors take notice! This well-maintained 5-unit multifamily property presents an outstanding opportunity to expand your investment portfolio or begin building long-term wealth through real estate. Held by the same family for an incredible 136 years, this property reflects generations of pride in ownership and thoughtful maintenance. Offering strong rental appeal, three units are currently occupied by tenants at will, while additional income potential exists with the remaining units. One oversized apartment was originally two separate units and has been combined into a spacious residence, providing flexibility for future rental strategies. Major improvements include vinyl siding, vinyl replacement windows, a flat rubber roof approximately 10 years old, a new boiler approximately 2 years old, newer gas heaters, and six electric meters. Separate utilities help simplify property management and tenant billing. Inside, the building retains much of its original character with beautiful ornate woodwork, impressive 4¼-inch window and door casings, original five-panel interior doors, and hardwood flooring throughout much of the property. Conveniently located minutes to Twin City Rail Trail and near shopping, restaurants, churches, markets, bus stops, and the commuter rail station, this property offers the accessibility of today's tenants value. Whether you're a seasoned investor seeking dependable cash flow or a buyer looking to enter the multifamily market with confidence, this is a rare opportunity to own a solid income-producing property with a remarkable history and excellent upside potential.
Details
| MLS # | 73557326 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1890 |
| Days On Site | 62 |
| Listing Provided By | LAER Realty Partners | Brenda Albert |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 5,543 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 5 |
| Units | 5 |
| Zoning | NB |
| Acreage | 0.15 |
| Golf Course | Yes |
Interior
| Rooms Total | 18 |
|---|---|
| Heating Yes / No | Yes |
| Heating | Natural Gas, Space Heater, Steam |
| Interior Features | Living Room, Kitchen, Office/Den |
| Appliances | Range, Refrigerator, Washer, Dryer |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Wood, Carpet |
Exterior
| Roof | Rubber |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Concrete Perimeter |
| Lot Features | Cleared |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Off Street, Stone/Gravel |
Utilities
| Utilities | for Gas Range, for Gas Dryer, Washer Hookup, Varies per Unit |
|---|---|
| Sewer | Public Sewer |
| Electric | Circuit Breakers, Individually Metered |
Taxes
| Tax Annual Amount | 8262.39 |
|---|---|
| Tax Assessed Value | 621800 |
| Tax Year | 2026 |
Location
| Community Features | Public Transportation, Shopping, Golf, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Worcester |
| City | Fitchburg |
| Zip Code | 01420 |
| Area | Worcester |
| Listing VS Median (in 01420) | |
Price: $699,900 low | high Med: $414,900 sqft: 5,543 low | high Med: 1,675 $ / sqft: $126 low | high Med: $248 On site: 62 low | high Med: 98 | |
Market Activity 01420
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Learn More About This Property
| State | MA |
|---|---|
| County | Worcester |
| City | Fitchburg |
| Zip Code | 01420 |
| Area | Worcester |
| Listing VS Median (in 01420) | |
Price: $699,900 low | high Med: $414,900 sqft: 5,543 low | high Med: 1,675 $ / sqft: $126 low | high Med: $248 On site: 62 low | high Med: 98 | |