This 4 unit Multi-Family property offers a fantastic investment opportunity. Long-term at-will tenants are established in 3 out of the 4 units. The two 2 bedroom units and one 4 bedroom units are currently rented below market rate, and one vacant 4 bedroom unit (Unit 2) is available for rent or to be owner occupied. Each unit has separated utilities. There is ample parking available for 7 cars in the 2 driveways. Lead compliance certificates for all 4 units. Recent updates include a new roof in 2022, new hot water tanks in each unit (107 U1 & 2 4/23, 109 U1 5/22, 109 U2 10/24). New stove 109 U2 12/21, new stove and refrigerator 109 U1 5/23. This location also allows for easy access to public transportation, Fitchburg State University, and other local amenities.
This home has been viewed 14 times
Last Checked: June 10th, 2025 at 5:53am (Source: MLS PIN #73386681)
Gross Income: $69,600
Gross Expenses: $15,709
Net Income Calc: $53,891
CAP Rate: 7.29%
Annual Expenses for 107-109 Prichard St, Fitchburg MA 01420
Total Gross Expenses (Calculated)$15,709/year
APOD AvailableYes
Heating
Electricity$964
Water$4,975
Gas$4,975
Insurance$2,000
Sewer$4,975
Trash Removal
Repair & Maintenance$700
Management
Miscellaneous
Real Estate Tax$7,070
Annual Income & Unit Breakdown for 107-109 Prichard St, Fitchburg MA 01420
Total Gross Income (Calculated)$69,600
Unit 1
Rental Income$1,200
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 2
Rental Income$2,000
LeaseN
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 3
Rental Income$1,200
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 4
Rental Income$1,400
LeaseN
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
General Information for 107-109 Prichard St, Fitchburg MA 01420
Listing ID73386681
Property TypeMulti Family / 4 Family
Price$739,000 ($187.23/SqFt)
Style4 Family
CityFitchburg
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total3,947 SqFt
Approximate Lot Size (Acres)0.13 acres
Total Parking7
Garage Parking
Year Built1910
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionBlock,Brick/Mortar
Accessible Features
Outdoor SpacePorch
ZoningDB
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 107-109 Prichard St, Fitchburg MA 01420
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$8,639
Total Gross Income By Broker$64,200
Total Net Income By Broker$55,561
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 107-109 Prichard St, Fitchburg MA 01420
Real Estate Taxes$7,070
Tax Year2025
Assessed Value$523,300
Financial Data Source
Total Gross Expenses By Broker$8,639
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$64,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$55,561
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.29%
Location Information for 107-109 Prichard St, Fitchburg MA 01420
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Conservation Area, House Of Worship, Public School, Park, Medical Facility, Public Transportation, T-station, University
Contact Information for 107-109 Prichard St, Fitchburg MA 01420