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Listed by Rosemarie D Ledogar • RD Ledogar Real Estate
$620,000
Est. payment /mo
9 Beds
3 Baths
3,591 SqFt
Active
142 Madison ST Fitchburg, MA 01420
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,591 sqft
Price per Sqft $172
MLS Listing ID 5105550
Bedrooms 9
Full Baths 3
Construction Status Existing
Year Built 1920
Annual Tax Amount $6,220
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Bring your buyers! 142 Madison St offers a well-maintained 3-family property with a combination of current rental income, future upside, and excellent owner-occupant potential. Each unit offers 3 bedrooms, and tenants pay all utilities. The current rents are below market, creating an opportunity for a new owner to increase rental income as there will be 2 vacant units and no lease on the third. One unit is currently vacant, and another is expected to be vacant September 1, giving an owner-occupant flexibility to move in while continuing to generate rental income from the remaining units. For buyers looking to house-hack, this property is worth a close look. Live in one unit and rent the others, allowing your tenants to help pay the mortgage. Three-bedroom units in the area may support rents in the range of $1,800–$2,200 per month, offering potential for increased cash flow over time. For investors, the property offers an opportunity to acquire a multi-family with below-market rents and room for growth, while Fitchburg continues to see revitalization and investment. The location is convenient to Fitchburg State University, shopping, schools, restaurants, transportation, and other amenities, making it attractive to both renters and owner-occupants. This is a solid opportunity for an investor, first-time buyer, or owner-occupant looking for income-producing real estate with upside. Agents! Bring your buyers and take a closer look at the numbers and potential this property offers! *Buyer and buyer's agent to verify all information, including rents, expenses, zoning, permitted use, and potential rental rates.
Location
State MA
County Ma-worcester
Area Ma-Worcester
Zoning Residential
Rooms
Basement Entrance Interior
Basement Concrete Floor
Interior
Cooling None
Exterior
Utilities Available Cable Available, Phone
Roof Type Flat
Building
Story 3
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
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