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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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142 Madison St , Fitchburg, MA 01420
$525,000
Est. Payment: $2,865.14/mo
9 Bed
3 Bath
3591 Sqft
0.16 Acres
Status: under agreement | Days on site: 94
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House Description

PRICE REDUCED TO $525,000! — 3-FAMILY INVESTMENT WITH ROOM TO GROW-Now offered at $525,000! Here is the opportunity investors and owner-occupants have been waiting for in revitalizing Fitchburg, Massachusetts.142 Madison Street is a 3-family, 3-story property with three spacious 3-bedroom units, making it an excellent choice for an investor looking to build rental income or an owner-occupant who wants to have tenants help pay the mortgage.The property does need some **TLC**, but that is where the opportunity begins. With an estimated after-repair value of approximately $640,000, a new owner has the chance to improve the property, increase its value, and build equity over time. The vacant unit creates a great house-hacking opportunity. Live in one unit while the rental income from the other units helps offset your housing costs. An investor can also take advantage of the rental demand in this area and improve the units over time. Fitchburg continues to see new investment, redevelopment, and revitalization, making location an important part of this opportunity. The property is convenient to Fitchburg State University, shopping, schools, medical services, restaurants, Route 2, and public transportation. The Fitchburg MBTA station provides commuter rail service toward Boston, adding another benefit for renters and commuters.This is not a property where you are paying top dollar for a fully renovated building. You are buying the opportunity to create value. The building itself is solid, but still needs updating and some repairs.The price has been significantly reduced to $525,000. Bring your ideas, your contractor, and your numbers—and see what you can create here.Buyer and buyer's agent to verify all information, including rental potential, expenses, zoning, permitted use, building condition, and estimated after-repair value.

Highlights

Listed by Rosemarie Ledogar , 351-213-1609 R. D. Ledogar Real Estate , 978-830-0035. MLS Property Information Networks, Inc.

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1920

County

Worcester

Area

Fitchburg

Listing ID

73551957

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:9
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Refrigerator, Range
Floor:Wood,Vinyl
Other:
  • ▪ Additional:Bathroom With Tub, Living Room, Kitchen
Water:Public,Individual Meter

Exterior Features

Garage Capacity:8
Zoning:RC
Roof:Tar/Gravel
Others:
  • ▪ Additional:Garden
Sewer:Public Sewer
Parking Features:Paved Drive,Off Street,Tandem,Paved,Parking Spaces: 8
Principal Interest
$2,865
Taxes
$518

Home Price

$525,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$105,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,865.14

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,865.14 $518.33 $0.00 $3,383.47
Yearly $34,381.68 $6,220.00 $0.00 $40,601.68
Total $1,031,450.54 $186,600.00 $0.00 $1,218,050.54

Today's Rates

30 Year

7.25%

20 Year

7.03%

15 Year

6.68%

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Market insight data is pulled from the same city as the listing being viewed (Fitchburg, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

IDX service by Blueroof 360

Data last updated: 2026-10-31T22:48:11.000Z

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