7.10% CAP IN PLACE | ~8.00% PRO FORMA. Seven units, 100% occupied, no capital work needed.44 Winter Street delivers what most Fitchburg multifamily can't: current income at a 7.10% cap with no deferred maintenance waiting on the other side of closing. The property has been systematically reinvested in, and an incoming buyer inherits the benefit. Completed capital improvements include full electrical upgrade with individual panels and meters, heating system replacements in most units, a renovated laundry room, new garage roof and door, upgraded exterior egress and emergency lighting, and comprehensive landscaping. Most units are individually gas metered, with separation infrastructure already in place at the remainder requiring only final connection. Unit mix is six one-bedrooms and one two-bedroom. Five are fully renovated; the remaining two are in strong condition. In-place gross income is $121,200. Two units are tenant-at-will, giving a new owner the ability to take rents to market immediately rather than waiting on lease expirations. Fourteen off-street parking spaces, two per unit, on a large lot, plus a garage available for supplemental income. Parking at that ratio is genuinely scarce in this submarket and it shows up in both tenant retention and rent achievability. Turnkey and priced for an investor who wants an excellent addition to their portfolio.
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Last Checked: October 3rd, 2026 at 4:29am (Source: MLS PIN #73511393)
Gross Income: $66,000
Gross Expenses: $7,191
Net Income Calc: $58,809
Annual Expenses for 44 Winter St, Fitchburg MA 01420
Total Gross Expenses (Calculated)$7,191/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax7191
Annual Income & Unit Breakdown for 44 Winter St, Fitchburg MA 01420
Total Gross Income (Calculated)$66,000
Unit 1
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 4
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
General Information for 44 Winter St, Fitchburg MA 01420
Listing ID73511393
Property TypeMulti Family / 5+ Family
Price1229000 ($293.46/SqFt)
Style5-9 Family
CityFitchburg
CountyWorcester
Neighborhood(s)
Approximate Living Area Total4188
Approximate Lot Size (Acres)0.5
Total Parking18 (2 Garage)
Garage Parking2
Year Built1920
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningRC
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 44 Winter St, Fitchburg MA 01420
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsWall Mounted Vac In Garage. Hose Reels. Tv Wall Mounts. Japanese Maple Tree.
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 44 Winter St, Fitchburg MA 01420
Real Estate Taxes7191
Tax Year2025
Assessed Value$532,300
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 44 Winter St, Fitchburg MA 01420
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 44 Winter St, Fitchburg MA 01420