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348 Fairmount Street, Fitchburg MA 01420

$599,900

Estimated $1,556.73/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $199,966.67

Total Rent: 57000/year

Estimated CAP Rate: 7.78%

9 Bedrooms

3 Full Baths

3,762 SqFt

Total Parking: 0

4,600 SqFt

THREE BEDROOM UNITS WITH 2 UNITS THAT CAN BE DELIVERED VACANT w/ONE VACANT NOW !Great opportunity for investment or owner occupied !! Extremely well kept three family. This home had long time family owner before this seller purchased in 2021 and has added the final touches of new kitchen cabinets,flooring,painting inside,baths,indoor electrical and more Each unit has a third bedroom potential as all rooms have a closet and windows,and can be used as extra bedroom, office or den. All Units,exterior of home and common areas have been DELEADED with certificate of compliance. Home has new Siding, Decks,Electrical and Egress Doors in 2021 Rubber Roof replaced in 2017. All Windows and Exterior Doors replaced in 2010.New Oil Furnace 2019 Large spacious units with pantry. Waher /dryer in units Every unit has great enclosed porches for sitting or storage.All security cameras are installed and will convey.Newer deck out to landscaped fenced in yard. One unit is vacant and ready for quick close

This home has been viewed 45 times

Last Checked: July 24th, 2025 at 4:29am (Source: MLS PIN #73378424)

Gross Income: $57,000

Gross Expenses: $10,298

Net Income Calc: $46,702

CAP Rate: 7.78%

Annual Expenses for 348 Fairmount Street, Fitchburg MA 01420

Total Gross Expenses (Calculated)$10,298/year

APOD AvailableNo

Heating

Electricity$660

Water$480

Gas$480

Insurance$2,150

Sewer$480

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,008

Annual Income & Unit Breakdown for 348 Fairmount Street, Fitchburg MA 01420

Total Gross Income (Calculated)$57,000

Unit 1

Rental Income$1,500

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$1,650

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$1,600

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 348 Fairmount Street, Fitchburg MA 01420

Listing ID73378424

Property TypeMulti Family / 3 Family

Price$599,900 ($159.46/SqFt)

Style3 Family - 3 Units Up/down

CityFitchburg

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,762 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking0

Garage Parking

Year Built1935

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping, Level, Cleared

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor SpaceDeck - Wood, Enclosed, Patio

ZoningRC

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 348 Fairmount Street, Fitchburg MA 01420

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureAll Units have 3 bedrooms Public Record has it as

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated, Owner, Other (see Remarks)

Total Gross Expenses By Broker$3,290

Total Gross Income By Broker$55,200

Total Net Income By Broker$51,910

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 348 Fairmount Street, Fitchburg MA 01420

Real Estate Taxes$7,008

Tax Year2025

Assessed Value$518,700

Financial Data SourceEstimated, Owner, Other (see Remarks)

Total Gross Expenses By Broker$3,290

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$55,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$51,910

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.78%

Location Information for 348 Fairmount Street, Fitchburg MA 01420

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Public Transportation, T-station, Private School, Other

Contact Information for 348 Fairmount Street, Fitchburg MA 01420

Agent

Name: Susan Clark

Office

Name: RE/MAX Vision

Phone: 978-847-0800

Payment Calculator

, Interest

Property Taxes 584

Principal & Interest 3696.39

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Vision

Susan Clark

Agent Phone

Office Phone

(978) 847-0800

Text Agent Call Agent Call Office

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)

EXIT

Withdrawn

348 Fairmount Street, Fitchburg MA 01420

$599,900

Annual Expenses for 348 Fairmount Street, Fitchburg MA 01420

Annual Income & Unit Breakdown for 348 Fairmount Street, Fitchburg MA 01420

General Information for 348 Fairmount Street, Fitchburg MA 01420

Disclosures for 348 Fairmount Street, Fitchburg MA 01420

Financial Information for 348 Fairmount Street, Fitchburg MA 01420

Location Information for 348 Fairmount Street, Fitchburg MA 01420

Contact Information for 348 Fairmount Street, Fitchburg MA 01420

Agent

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Exclusive Listing Agent

RE/MAX Vision

Susan Clark