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40 Edwards St, Fitchburg MA 01420

Fitchburg, MA 01420
$679,000
$670,000
Est. $4,044/month
8
Beds
3
Baths
2,508
Sq Ft
$267
Price/Sq Ft
0.12
Acres
1905
Year Built
6
Parking
38
Days on Market
Active Price Drop -$9,000 Open House Listed Jun 2, 2026 • MLS# 73528118 Copied! • Updated Jun 9, 2026

Open House Schedule

11
Jul
Saturday, July 11
11:00 AM - 12:00 PM EDT

About this home

FOR SALE | $670,000 | 3-Unit Multi-Family | 40 Edwards St, Fitchburg, three-family asset delivering $5,400 monthly — $64,800 annually — in gross rental income. Extensively capital-improved with new electrical service, sub-metered panels, full plumbing replacement, and updated unit-level electrical throughout. Two renovated units feature granite countertops, modern cabinetry, mini-split HVAC, updated flooring, and stainless steel appliances. Exterior freshly painted. Off-street parking. Owner-paid water. Strong in-place tenancy with immediate cash flow and value-add upside on the third unit. Ideal for the 1031 exchange buyer or portfolio investor seeking a low-maintenance, income-producing asset in a growing Central Massachusetts market. Images used are from before the rental agreements

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
1.3%
Price Range

Property Timeline

Price Reduced
Jun 5, 2026
$670,000 $9,000 (-1.33%)
From $679,000 to $670,000 (-1.3%)
🏠
Listed for Sale
Jun 2, 2026
$679,000
Original listing

Tax History

Year Taxes Assessment
2025 $5,472 $405,000

Financial Details

Annual Property Tax
$5,472
Tax Year 2025
Assessed Value
$405,000

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1905
Living Area 2,508 sq ft
Lot Size 0.12 acres
Bedrooms 8
Full Baths 3
Total Rooms 15

Investment Metrics

Units 3
Unit 1 Rent $2,000/mo · Y
Unit 2 Rent $2,000/mo · Y
Unit 3 Rent $1,400/mo · N
Total Monthly Rent $5,400/mo
Gross Income $64,800
Net Operating Income $64,800
Cap Rate 9.67%
Heating Forced Air, Heat Pump, Electric
Cooling Wall Unit(s), Heat Pump
Flooring Tile, Vinyl, Stone/ceramic Tile
Appliances Range, Refrigerator
Fireplace None
Basement Full, Walk-out Access, Interior Entry, Concrete, Slab
Laundry Washer Hookup, Electric Dryer Hookup
Features Stone/granite/solid Counters, Upgraded Cabinets, Walk-in Closet(s), Bathroom With Tub & Shower, Smart Thermostat, Remodeled, Living Room, Kitchen, Laundry Room
Construction Post & Beam, Cement Board
Architecture None
Roof Rubber
Features Balcony/deck
Pool None
Spa None
Fencing None
Patio/Porch Covered
Features Paved Drive, Off Street, Assigned, Paved
Total Spaces 6
Electric 110 Volts, 220 Volts
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, For Electric Dryer, Washer Hookup, Varies Per Unit

Financial

Annual Tax $5,472
Assessed Value $405,000
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Unit 3 Hasnt Been Updated Like Units 1 And 2. Heat Is Currently A Parlor Heater
Possession None
Accepted Financing Contract
Structure Type []
Sq Ft Source Public Record
Documents None
County Worcester
Total market time (incl. prior listings) 7 days

Property Overview

Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1905
Bedrooms
8
Full Bathrooms
3
Living Area
2,508 sq ft
Total Rooms
15
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Vinyl, Stone/Ceramic Tile
Appliances: Range, Refrigerator
Interior Features: Stone/Granite/Solid Counters, Upgraded Cabinets, Walk-In Closet(s), Bathroom With Tub & Shower, Smart Thermostat, Remodeled, Living Room, Kitchen, Laundry Room
Windows: Insulated Windows, Screens
Basement: Full, Walk-Out Access, Interior Entry, Concrete, Slab
Laundry: Washer Hookup, Electric Dryer Hookup
Security:

Construction & Materials

Year Built: 1905
Structure Type:
Exterior Materials: Post & Beam, Cement Board
Roof: Rubber
Foundation: Stone, Granite
Stories: 3

Heating, Cooling & Utilities

Heating: Forced Air, Heat Pump, Electric
Heating Zones: 7
Cooling: Wall Unit(s), Heat Pump
Cooling Zones: 6
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features: Varies per Unit

Exterior & Lot

Exterior Features: Balcony/Deck
Patio & Porch: Covered
Fencing:
Other Structures: Shed(s)
Lot Features: Cleared
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Off Street, Assigned, Paved

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $456
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

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

40 Edwards St, Fitchburg MA 01420

Fitchburg, MA 01420

Listing Information

Listing Office Edward Perez
Office Phone 603-498-4402
Agent MLS ID NB113434
Office MLS ID AN3469
Listing Data Updated Jun 9, 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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