28 Institute St, Fitchburg MA 01420

Fitchburg, MA 01420
$499,000
Est. $3,206/month
5
Beds
2
Baths
2,152
Sq Ft
$232
Price/Sq Ft
0.00
Acres
1880
Year Built
1
Garage Space
9 hours 39 minutes
Time on Market
For Sale Listed Aug 20, 2026 • MLS# 73565986 Copied! • Updated Aug 20, 2026

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About this home

An incredible opportunity for owner-occupants, investors, or buyers looking to offset their mortgage with rental income! Located on a quiet street in desirable West Fitchburg, this modern, renovated 2-family offers flexible living, modern comforts, and strong rental-income potential. Unit 1 is currently VACANT, making this an ideal opportunity for an owner-occupant ready to move in or an investor who wants the flexibility to select their own tenant. Unit 1 features 2 bedrooms, 1 full bath, and convenient laundry in the basement. Unit 2 offers 3 bedrooms, 1 full bath, and its own second-floor laundry. A walk-up attic features a finished bonus room with additional space and future potential. Enjoy separate private balconies from the newer porch, plus a backyard featuring a fire pit area and its own apple tree—perfect for relaxing, entertaining, and enjoying the outdoors. Additional updates include a central heating system and updated electrical. Seller-owned solar panels will convey to the new owner, providing the added benefit of significant electricity savings with no solar lease! The property also features ample off-street parking with its own driveway, a detached garage ideal for sheltered parking or extra storage.additional parking across the street. Conveniently located just 5 minutes from the T, near Fitchburg State University, and with easy access to major commuter routes. Whether you're an investor seeking a turnkey property or a buyer hoping to live in one unit while renting the other, this West Fitchburg two-family is an opportunity you won't want to miss! First showings at Open House.

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Property History

Property Timeline

🏠
Listed for Sale
Aug 20, 2026
$499,000
Original listing
Office: eXp Realty LLC - Corporate Office

Tax History

Year Taxes Assessment
2026 $5,788 $435,500

Financial Details

Annual Property Tax
$5,788
Tax Year 2026
Assessed Value
$435,500

Facts & Features

1 Car Garage

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1880
Living Area 2,152 sq ft
Lot Size 0.0000
Stories 2
Bedrooms 5
Full Baths 2
Total Rooms 10

Investment Metrics

Units 2
Unit 1 Rent $2,200/mo · N
Unit 2 Rent $2,150/mo · N
Total Monthly Rent $4,350/mo
Gross Income $52,200
Net Operating Income $52,200
Cap Rate 10.46%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Garage Spaces 1
Has Garage Yes
Features Paved Drive
Total Spaces 5
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $5,788
Assessed Value $435,500
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures Unit 1 Rent Is Projected Rent (vacant). Across The Street Parking Is Verbal Agreement With The Church. Third Floor Bedroom Can Be Heated, Additional Room Is For Tenant Storage And Heating System. Unit 2 Photos Were Taken Before Tenant Moved In. Virtual Staged Photos To Provide Visual.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures buyer agent to verify
Documents None
County Worcester

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1880
Bedrooms
5
Full Bathrooms
2
Living Area
2,152 sq ft
Total Rooms
10
Stories
2
Levels
2

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1880
Structure Type:
Exterior Materials:
Roof:
Foundation: Stone
Stories: 2

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 5
Parking Features: Paved Drive
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
E

Elementary Schools

5 schools
Applewild School
2.2 mi
Grades K-09
St. Bernard Elementary School
3.1 mi
Grades PK-08
C
Reingold Elementary School
0.6 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
C-
South Street Early Learning Center
2.3 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
McKay Elementary School
3.0 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
M

Middle Schools

2 schools
C
Memorial Middle School
1.6 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
D
Arthur M Longsjo Middle School
2.3 mi | #323 of 352 | Score: 28.9
Improved 17 spots from last year
-29.3 below state avg
614 students Diverse
Grades 06-08
H

High Schools

6 schools
C+
Sizer School: A North Central Charter Essential School
2.8 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
A
Montachusett Regional Vocational Technical School
1.3 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
Notre Dame Preparatory High School
2.1 mi
Grades 09-12
St. Bernard's Central Catholic High School
2.9 mi
Grades 09-12
C-
Goodrich Academy
3.1 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
C
Fitchburg High School
3.7 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
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $482
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Payment Over Time

Interest
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Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location

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Neighborhood

28 Institute St, Fitchburg MA 01420

Fitchburg, MA 01420

Listing Information

Listing Agent Gabrielle Aguiar
Listing Office eXp Realty LLC - Corporate Office
Office Phone 888-854-7493
Agent MLS ID CN219879
Office MLS ID AC0342
Listing Data Updated Aug 20, 2026 2:55 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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