142 Madison St, Fitchburg, MA 01420
142 Madison St, Fitchburg, MA 01420
142 Madison St, Fitchburg, MA 01420
142 Madison St, Fitchburg, MA 01420
142 Madison St, Fitchburg, MA 01420
142 Madison St, Fitchburg, MA 01420
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Adam Umina

Adam Umina

+1(617) 921-5866
$ 525,000
Est. payment | /mo

9 Beds

3 Baths

3,591 SqFt

Save
$ 525,000
Est. payment | /mo
Save

9 Beds

3 Baths

3,591 SqFt

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,591 sqft

Price per Sqft $146

MLS Listing ID 73551957

Bedrooms 9

Full Baths 3

Year Built 1920

Annual Tax Amount $6,220

Tax Year 2025

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type 3 Family

Property 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.

Location

State MA

County Worcester

Area Fitchburg

Zoning RC

Direction Use GPS

Rooms

Basement Full, Concrete

Interior

Interior Features Bathroom With Tub, Living Room, Kitchen

Heating Central, Individual

Cooling None

Flooring Wood, Vinyl

Appliance Refrigerator, Range

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Garden

Fence Fenced/Enclosed, Fenced

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks

Utilities Available for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup

Roof Type Tar/Gravel

Total Parking Spaces 8

Garage No

Building

Story 3

Foundation Concrete Perimeter, Stone

Sewer Public Sewer

Water Public, Individual Meter

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by R. D. Ledogar Real Estate

Get More Information On This Property

Adam Umina
Adam Umina

Broker License ID: 9569629

+1(617) 921-5866

9 Babcock St, Brookline, Massachusetts 02446, USA

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142 Madison St

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