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748 Water St, Fitchburg MA 01420

Fitchburg, MA 01420
$550,000
Est. $3,510/month
6
Beds
3
Baths
4,134
Sq Ft
$133
Price/Sq Ft
0.26
Acres
1900
Year Built
17
Days on Market
Pending Listed Jan 8, 2026 • MLS# 73466600 Copied!

About this home

Excellent opportunity for investors to acquire a three-family property with strong upside potential in a highly desirable location. Each unit offers a functional layout with two bedrooms, one bathroom, a living room, dining room, and kitchen. The third-floor unit is currently owner-occupied, providing flexibility for repositioning, future rental income, or an owner-occupant strategy. All units are very sunny and bright, creating attractive living spaces for tenants. This property is ideal for an investor looking to gain sweat equity, improve rents over time, and add value through updates. Located close to Route 2, Shopping and the rail trail, the property offers excellent commuter access and long-term rental demand. Property is being sold as is. A compelling value-add multi-family investment opportunity in a sought-after location. Showings only at Open Houses - Saturday 1/10/26 10am-1pm and Sunday 1/11/2026 10am - 1pm. ***Offer Deadline Monday 1/12 5pm***

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Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
6
Full Bathrooms
3
Living Area
4,134 sq ft
Total Rooms
15
Stories
3
Levels
3

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1900
Living Area 4,134 sq ft
Lot Size 0.26 acres
Bedrooms 6
Full Baths 3
Total Rooms 15

Interior

Heating Oil
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street
Total Spaces 6

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,347
Assessed Value $469,800

Interior Features

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

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter, Block
Stories: 3

Heating, Cooling & Utilities

Heating: Oil
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

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

Location

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Neighborhood

748 Water St, Fitchburg MA 01420

Fitchburg, MA 01420

Walkability

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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
E

Elementary Schools

3 schools
St. Bernard Elementary School
0.4 mi
Grades PK-08
C-
South Street Early Learning Center
0.6 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
1.8 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
1.4 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
1.4 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

3 schools
St. Bernard's Central Catholic High School
0.6 mi
Grades 09-12
C-
Goodrich Academy
0.6 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
Learn about these ratings

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 $529
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.

Property History

Market Insights

Property Timeline

Pending Sale
Jan 13, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Jan 8, 2026
$550,000
Original listing
Agent: Rebecca Koulalis Office: Redfin Corp.
🏠
Listed for Sale
Jan 8, 2026
$550,000
Original listing
Agent: Rebecca Koulalis Office: Redfin Corp.
🏠
Listed for Sale
Jan 8, 2026
$550,000
Original listing
Agent: Rebecca Koulalis Office: Redfin Corp.

Price & Status History

Date Event Price Change
Jan 8, 2026 New Listing Added $550,000
Jan 8, 2026 New Listing Added $550,000
Jan 8, 2026 New Listing Added $550,000

Market Statistics

Days on Market
17 days
Price per Sq Ft
$133

Tax History

Year Taxes Assessment
2025 $6,347 $469,800

Financial Details

Annual Property Tax
$6,347
Tax Year 2025
Assessed Value
$469,800

Listing Information

Listing Agent Rebecca Koulalis
Listing Office Redfin Corp.
Agent MLS ID CN228433
Office MLS ID NB3534
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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Market Analytics for Fitchburg, MA

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