123 Myrtle Ave, Fitchburg MA 01420
Fitchburg, MA 01420
$619,000
Est. $3,848/month
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About this home
Investor Opportunity! 3-family property in a prime rental location just a short walk to Fitchburg State University. Each spacious unit features 4 bedrooms and is currently leased to college students, generating $2,000 per month per unit ($6,000 monthly gross income). All units have separate utilities, making management more efficient for investors. Conveniently located near the MBTA commuter rail station, MART bus routes, shopping, restaurants, coffee shops, churches, and other local amenities. All units are occupied with leases in place, providing immediate, steady rental income. Whether you're looking to expand your portfolio or make your first investment, this income-producing property is one you won't want to miss! All hot water heaters and heating systems are new.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 10, 2026
$619,000
Original listing
Agent: Paula Valente
Office: Real Estate Exchange
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/10/2026 | 🏠 Listed for Sale | $619,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,213 | $459,900 |
Financial Details
Annual Property Tax
$6,213
Tax Year 2025
Assessed Value
$459,900
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1910
Living Area
4,144 sq ft
Lot Size
0.12 acres
Bedrooms
12
Full Baths
3
Total Rooms
18
Investment Metrics
Units
3
Unit 1 Rent
$2,000/mo · Y
Unit 2 Rent
$2,000/mo · Y
Unit 3 Rent
$2,000/mo
Total Monthly Rent
$6,000/mo
Gross Income
$72,000
Net Operating Income
$72,000
Cap Rate
11.63%
Interior
Heating
None
Cooling
None
Flooring
Wood, Vinyl
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
Varies Per Unit
Financial
Annual Tax
$6,213
Assessed Value
$459,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
Gray
Sq Ft Source
Other
Documents
None
County
Worcester
Total market time (incl. prior listings)
11 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
12
Full Bathrooms
3
Living Area
4,144 sq ft
Total Rooms
18
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,144 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Vinyl
Appliances:
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Frame
Roof:
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Heating Zones:
3
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street
Nearby Schools
School District
Fitchburg School District local
C+
School Safety
2024-25
8.1%
Above Average
4.6%
Suspensions
4.6%
In-School
3.5%
Emergency
2.6% above state avg
Elementary Schools
5 schools
St. Bernard Elementary School
1.0 mi
Grades PK-08
Applewild School
1.0 mi
Grades K-09
C
McKay Elementary School
0.6 mi
|
#661 of 824
|
Score: 38.0
Improved 70 spots from last year
-20.2 below state avg
754 students
Diverse
Rising School
Grades 01-05
C-
South Street Early Learning Center
1.1 mi
|
#697 of 824
|
Score: 48.1
Same rank as last year
Limited historical data for year-over-year comparison
570 students
Diverse
Grades PK-K
C
Reingold Elementary School
2.3 mi
|
#610 of 824
|
Score: 40.4
Improved 113 spots from last year
-17.8 below state avg
679 students
Diverse
Rising School
Diverse Student Body
Grades 01-05
Middle Schools
2 schools
D
Arthur M Longsjo Middle School
0.5 mi
|
#323 of 352
|
Score: 28.9
Improved 17 spots from last year
-29.3 below state avg
614 students
Diverse
Grades 06-08
C
Memorial Middle School
1.5 mi
|
#274 of 352
|
Score: 33.9
Dropped 4 spots from last year
-24.3 below state avg
601 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
6 schools
C+
Sizer School: A North Central Charter Essential School
1.3 mi
|
#221 of 346
|
Score: 49.3
Improved 25 spots from last year
-8.9 below state avg
282 students
Diverse
Early College Program
Rising School
College Ready Curriculum
Grades 07-12
St. Bernard's Central Catholic High School
0.7 mi
Grades 09-12
C-
Goodrich Academy
0.7 mi
|
#23 of 25
|
Score: 20.5
Improved 363 spots from last year
-37.8 below state avg
186 students
Diverse
Rising School
Grades 09-12
Notre Dame Preparatory High School
0.9 mi
Grades 09-12
C
Fitchburg High School
2.6 mi
|
#255 of 346
|
Score: 45.8
Improved 37 spots from last year
-12.4 below state avg
1,220 students
Diverse
15 sports
• 1,110 athletes
Early College Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
A
Montachusett Regional Vocational Technical School
3.9 mi
|
#64 of 346
|
Score: 65.1
Improved 11 spots from last year
+6.9 above state avg
1,417 students
Moderate
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Strong Attendance
Grades 09-12
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$518
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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Current Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
123 Myrtle Ave, Fitchburg MA 01420
Fitchburg, MA 01420
Listing Information
Listing Agent
Paula Valente
Listing Office
Real Estate Exchange
Office Phone
978-582-4339
Agent MLS ID
CN233238
Office MLS ID
H22100
Listing Data Updated
Aug 10, 2026 7:34 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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