Great opportunity to own a fully occupied 3 unit multi-family featuring two bedrooms in each unit, separate utilities and long term tenants already in place!! Conveniently located close to shopping, dining, schools and public transportation - making this a smart investment. ...
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Last Checked: July 3rd, 2025 at 8:23am (Source: MLS PIN #73394267)
Gross Income: $43,200
Gross Expenses: $9,201
Net Income Calc: $33,999
CAP Rate: 7.47%
Annual Expenses for 376 Elm St, Fitchburg MA 01420
Total Gross Expenses (Calculated)$9,201/year
APOD AvailableNo
Heating
Electricity$720
Water$1,500
Gas$1,500
Insurance
Sewer$1,500
Trash Removal
Repair & Maintenance$2,000
Management
Miscellaneous
Real Estate Tax$4,981
Annual Income & Unit Breakdown for 376 Elm St, Fitchburg MA 01420
Total Gross Income (Calculated)$43,200
Unit 1
Rental Income$1,300
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 2
Rental Income$1,200
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 3
Rental Income$1,100
LeaseN
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
General Information for 376 Elm St, Fitchburg MA 01420
Listing ID73394267
Property TypeMulti Family / 3 Family
Price$455,000 ($233.33/SqFt)
Style3 Family - 3 Units Up/down
CityFitchburg
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total1,950 SqFt
Approximate Lot Size (Acres)0.13 acres
Total Parking6
Garage Parking
Year Built1920
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpacePorch
ZoningRC
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 376 Elm St, Fitchburg MA 01420
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated
Total Gross Expenses By Broker$4,220
Total Gross Income By Broker$43,200
Total Net Income By Broker$38,980
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 376 Elm St, Fitchburg MA 01420
Real Estate Taxes$4,981
Tax Year2025
Assessed Value$368,700
Financial Data SourceEstimated
Total Gross Expenses By Broker$4,220
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$43,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$38,980
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.47%
Location Information for 376 Elm St, Fitchburg MA 01420
Elementary SchoolCrocker
Middle SchoolLongsjo
High SchoolFitchburg
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Private School, University
Contact Information for 376 Elm St, Fitchburg MA 01420