347-349 Summer St, Fitchburg MA 01420

Fitchburg, MA 01420
$575,000
Est. $3,496/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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8
Beds
3
Baths
3,630
Sq Ft
$158
Price/Sq Ft
0.09
Acres
1885
Year Built
8
Parking
20
Days on Market
Sale Pending Listed Sep 10, 2026 • MLS# 73575426 Copied! • Updated Oct 1, 2026

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About this home

Turnkey 3-Family Opportunity! Well-maintained and fully DE-LEADED multi-family property offering excellent flexibility for investors and owner-occupants alike. Features two spacious 2-bedroom units and a third-floor 1-bedroom unit with a separate office, providing attractive rental options. All apartments have been updated with modern finishes, including quartz countertops, and are clean, bright, and move-in ready. The first-floor unit is serviced by a newer gas heating system and offers the flexibility of a potential 3-bedroom layout, with the front room fully insulated and suitable as a bedroom, office, or bonus space. The second and third-floor units feature energy-efficient mini-split systems providing both heating and cooling, with gas stoves available as a supplemental heat source. Separate utilities for each unit offer convenience and expense control. Additional amenities include off-street parking and a vacant second-floor unit available for immediate occupancy, making it ideal for an owner-occupant or new tenant placement. New electrical, insulation and windows throughout! Located near shopping, restaurants, public transportation, commuter rail service, and major highway access. Property is situated within a mixed-use zoning district, offering additional potential and flexibility. A rare opportunity to own a versatile, income-producing property in a highly accessible location.

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Recently Sold Nearby

Price & Status History

Market Insights

Property Timeline

📋
Status: Active under contract
Sep 22, 2026
Active → Active Under Contract
⏳
Pending Sale
Sep 22, 2026
Offer accepted, sale pending
👁️
Showing Instructions Updated
Sep 11, 2026
New showing requirements
🏠
Listed for Sale
Sep 10, 2026
$575,000
Original listing
Agent: Lana Kopsala Office: Coldwell Banker Realty - Leominster

Tax History

Year Taxes Assessment
2025 $4,657 $344,700

Financial Details

Annual Property Tax
$4,657
Tax Year 2025
Assessed Value
$344,700

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1885
Living Area 3,630 sq ft
Lot Size 0.09 acres
Stories 3
Bedrooms 8
Full Baths 3
Total Rooms 15

Investment Metrics

Units 3
Unit 1 Rent $2,100/mo · N
Unit 2 Rent — · N
Unit 3 Rent $1,300/mo · N
Total Monthly Rent $3,400/mo
Gross Income $53,400
Net Operating Income $53,400
Operating Expenses $7,584
Water/Sewer Expense $1,959
Electric Expense $625
Insurance Expense $5,000
Cap Rate 9.29%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full, Walk-out Access, Interior Entry, Concrete, Unfinished
Laundry None
Features None
Construction Frame
Architecture None
Roof Shingle, Slate
Features None
Pool None
Spa None
Fencing None
Patio/Porch Enclosed
Features Paved Drive, Off Street, Paved
Total Spaces 8
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,657
Assessed Value $344,700
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures Ecopaver Driveway W/10 Yr Warranty (2022)); All Repairs Completed From Fire Damage; Taw; 2nd Floor Vacant; Washer & Dryer Available For 1st Fl Tenant In Basement
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Worcester
Total market time (incl. prior listings) 21 days

Property Overview

Property Type
3 Family
Listing Type
Sale Pending
Year Built
1885
Bedrooms
8
Full Bathrooms
3
Living Area
3,630 sq ft
Total Rooms
15
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1885
Structure Type:
Exterior Materials: Frame
Roof: Shingle, Slate
Foundation: Stone, Brick/Mortar
Stories: 3

Utilities & Systems

Heating:
Cooling:
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Enclosed
Fencing:
Other Structures:
Lot Features: Corner Lot, Level
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 8
Parking Features: Paved Drive, Off Street, Paved

Special Features

View: Yes
View Type: City View(s)
Community Amenities:
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
St. Bernard Elementary School
0.3 mi
Grades PK-08
Applewild School
2.2 mi
Grades K-09
C-
South Street Early Learning Center
1.1 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
C
McKay Elementary School
1.8 mi | #658 of 825 | Score: 37.9
Improved 73 spots from last year
-20.3 below state avg
736 students Diverse
Rising School
Grades 01-05
C
Reingold Elementary School
2.8 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
M

Middle Schools

2 schools
D
Arthur M Longsjo Middle School
1.6 mi | #328 of 352 | Score: 28.6
Improved 12 spots from last year
-29.6 below state avg
577 students Diverse
Grades 06-08
C
Memorial Middle School
1.8 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
H

High Schools

6 schools
C+
Sizer School: A North Central Charter Essential School
2.5 mi | #221 of 346 | Score: 50.3
Improved 25 spots from last year
-8 below state avg
270 students Diverse
Strong AP Program Early College Program Rising School College Ready Curriculum
Grades 07-12
C-
Goodrich Academy
0.6 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
St. Bernard's Central Catholic High School
0.6 mi
Grades 09-12
Notre Dame Preparatory High School
1.2 mi
Grades 09-12
C
Fitchburg High School
3.8 mi | #263 of 346 | Score: 46.3
Improved 29 spots from last year
-11.9 below state avg
1,305 students Diverse
15 sports • 1,110 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
A
Montachusett Regional Vocational Technical School
4.3 mi | #66 of 346 | Score: 65.0
Improved 9 spots from last year
+6.8 above state avg
1,403 students Moderate
High Graduation Rate Career Tech Programs College Ready Curriculum Strong Attendance
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $388
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
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Payment Over Time

Interest
Principal
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

347-349 Summer St, Fitchburg MA 01420

Fitchburg, MA 01420

Listing Information

Listing Agent Lana Kopsala
Listing Office Coldwell Banker Realty - Leominster
Office Phone 978-840-4014
Agent MLS ID H9500342
Office MLS ID AN6215
Listing Data Updated Oct 1, 2026 4:15 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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