Well-maintained 3-family in the heart of Fitchburg offering strong rental income and value-add potential. Unit 1 is a spacious 4–5 bedroom, 1.5 bath apartment rented for $1,900/month. It has been professionally deleaded and offers generous space, though it needs some TLC. Units 2 and 3 are both 2-bedroom, 1-bath units in turnkey condition. Unit 2 is rented for $1,600/month to a tenant-at-will, providing future flexibility. Unit 3 is currently vacant and ready for occupancy or rental at market rate. The exterior of the home has also been professionally deleaded. Tenants pay their own utilities. The property offers ample outdoor space, including a nice yard, and a large private parking lot that accommodates up to 6 vehicles. Conveniently located minutes from Fitchburg State University, downtown shops and restaurants, the commuter rail, and Route 2. A great opportunity for investors or owner-occupants to generate income while adding value in a growing market.
This home has been viewed 32 times
Last Checked: November 20th, 2025 at 5:29am (Source: MLS PIN #73443020)
Gross Income: $42,000
Gross Expenses: $6,833
Net Income Calc: $35,167
CAP Rate: 7.40%
Annual Expenses for 154 Pleasant St, Fitchburg MA 01420
Total Gross Expenses (Calculated)$6,833/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$6,833
Annual Income & Unit Breakdown for 154 Pleasant St, Fitchburg MA 01420
Total Gross Income (Calculated)$42,000
Unit 1
Rental Income$1,900
LeaseN
Bedrooms4
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit2
HeatingNo
Rent Includes
Unit 2
Rental Income$1,600
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 154 Pleasant St, Fitchburg MA 01420
Listing ID73443020
Property TypeMulti Family / 3 Family
Price$475,000 ($137.72/SqFt)
Style3 Family - 3 Units Side By Side
CityFitchburg
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total3,449 SqFt
Approximate Lot Size (Acres)0.29 acres
Total Parking6
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCleared
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningRC
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 154 Pleasant 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$0
Total Gross Income By Broker$42,000
Total Net Income By Broker$42,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 154 Pleasant St, Fitchburg MA 01420
Real Estate Taxes$6,833
Tax Year2025
Assessed Value$505,800
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$42,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$42,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.40%
Location Information for 154 Pleasant St, Fitchburg MA 01420
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 154 Pleasant St, Fitchburg MA 01420