142 Madison St, Fitchburg MA 01420
Fitchburg, MA 01420 • Fitchburg
$620,000
$525,000
Est. $3,373/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
15.3%
Price Range
Property Timeline
Price Reduced
Sep 19, 2026
$525,000
$95,000
(-15.32%)
From $620,000 to $525,000 (-15.3%)
Showing Instructions Updated
Jul 25, 2026
New showing requirements
Showing Instructions Updated
Jul 25, 2026
New showing requirements
Listed for Sale
Jul 19, 2026
$620,000
Original listing
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/19/2026 | ↓ Price Reduced | $525,000 | $95,000 | - | From $620,000 to $525,000 (-15.3%) |
| 07/25/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/25/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/19/2026 | 🏠 Listed for Sale | $620,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,220 | $460,400 |
Financial Details
Annual Property Tax
$6,220
Tax Year 2025
Assessed Value
$460,400
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1920
Living Area
3,591 sq ft
Lot Size
0.16 acres
Stories
3
Bedrooms
9
Full Baths
3
Total Rooms
18
Investment Metrics
Units
3
Unit 1 Rent
$1,550/mo · N
Unit 2 Rent
$1,525/mo · N
Unit 3 Rent
— · N
Total Monthly Rent
$3,075/mo
Gross Income
$55,700
Net Operating Income
$38,136
Cap Rate
7.26%
Interior
Heating
Central, Individual
Cooling
None
Flooring
Wood, Vinyl
Appliances
Refrigerator, Range
Fireplace
None
Basement
Full, Concrete
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Bathroom With Tub, Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Tar/gravel
Features
Garden
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Porch, Enclosed, Deck, Covered
Parking
Features
Paved Drive, Off Street, Tandem, Paved
Total Spaces
8
Utilities
Electric
110 Volts, Circuit Breakers, Individually Metered, Knob & Tube Wiring
Water
Public, Individual Meter
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Gas Oven, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$6,220
Assessed Value
$460,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Units 1 And 2 Are Tenant Occupied. Management Company Notifies The Tenants. 48 Hour Notice Required. Seller Has Never Occupied The Building.
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
Blue
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
66 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
9
Full Bathrooms
3
Living Area
3,591 sq ft
Total Rooms
18
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,591 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Enclosed, Deck, Covered
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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:
Refrigerator, Range
Interior Features:
Bathroom With Tub, Living Room, Kitchen
Windows:
Insulated Windows, Storm Window(s)
Basement:
Full, Concrete
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Tar/Gravel
Foundation:
Concrete Perimeter, Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Central, Individual
Heating Zones:
3
Cooling:
None
Hot Water:
Natural Gas
Water Source:
Public, Individual Meter
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Garden
Patio & Porch:
Porch, Enclosed, Deck, Covered
Fencing:
Fenced/Enclosed, Fenced
Other Structures:
Shed(s)
Lot Features:
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
8
Parking Features:
Paved Drive, Off Street, Tandem, Paved
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
3 schools
C
Reingold Elementary School
0.6 mi
|
#606 of 825
|
Score: 40.4
Improved 117 spots from last year
-17.8 below state avg
619 students
Diverse
Rising School
Diverse Student Body
Grades 01-05
C-
South Street Early Learning Center
1.3 mi
|
#697 of 825
|
Score: 48.1
Same rank as last year
Limited historical data for year-over-year comparison
569 students
Diverse
Diverse Student Body
Grades PK-K
Applewild School
1.4 mi
Grades K-09
Middle Schools
2 schools
C
Memorial Middle School
0.6 mi
|
#280 of 352
|
Score: 33.8
Dropped 10 spots from last year
-24.4 below state avg
620 students
Diverse
Diverse Student Body
Grades 06-08
D
Arthur M Longsjo Middle School
1.3 mi
|
#328 of 352
|
Score: 28.6
Improved 12 spots from last year
-29.6 below state avg
577 students
Diverse
Grades 06-08
High Schools
3 schools
Notre Dame Preparatory High School
1.1 mi
Grades 09-12
St. Bernard's Central Catholic High School
1.9 mi
Grades 09-12
C-
Goodrich Academy
2.0 mi
|
#23 of 25
|
Score: 22.0
Improved 363 spots from last year
-36.2 below state avg
101 students
Diverse
Rising School
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
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
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
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
Fitchburg
142 Madison St, Fitchburg MA 01420
Fitchburg, MA 01420
Listing Information
Listing Agent
Rosemarie Ledogar
Listing Office
R. D. Ledogar Real Estate
Office Phone
978-830-0035
Agent MLS ID
CN227301
Office MLS ID
AN8318
Listing Data Updated
Sep 23, 2026 3:05 AM 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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