FOR SALE | $670,000 | 3-Unit Multi-Family | 40 Edwards St, Fitchburg, three-family asset delivering $5,400 monthly — $64,800 annually — in gross rental income. Extensively capital-improved with new electrical service, sub-metered panels, full plumbing replacement, and updated unit-level electrical throughout. Two renovated units feature granite countertops, modern cabinetry, mini-split HVAC, updated flooring, and stainless steel appliances. Exterior freshly painted. Off-street parking. Owner-paid water. Strong in-place tenancy with immediate cash flow and value-add upside on the third unit. Ideal for the 1031 exchange buyer or portfolio investor seeking a low-maintenance, income-producing asset in a growing Central Massachusetts market. Images used are from before the rental agreements
This home has been viewed 16 times
Last Checked: June 10th, 2026 at 5:18am (Source: MLS PIN #73528118)
Gross Income: $64,800
Gross Expenses: $5,472
Net Income Calc: $59,328
Water Views
Annual Expenses for 40 Edwards St, Fitchburg MA 01420
Total Gross Expenses (Calculated)$5,472/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax5472
Annual Income & Unit Breakdown for 40 Edwards St, Fitchburg MA 01420
Total Gross Income (Calculated)$64,800
Unit 1
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit0
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
Rent IncludesHeat
General Information for 40 Edwards St, Fitchburg MA 01420
Listing ID73528118
Property TypeMulti Family / 3 Family
Price670000 ($267.15/SqFt)
Style3 Family - 3 Units Up/down
CityFitchburg
CountyWorcester
Neighborhood(s)
Approximate Living Area Total2508
Approximate Lot Size (Acres)0.12
Total Parking6
Garage Parking0
Year Built1905
Year Built SourcePublic Records
Year Built DetailsApproximate
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 ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 40 Edwards St, Fitchburg MA 01420
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsRefrigerator And Some Personal Belongings
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
For Sale By OwnerEntry Only
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 40 Edwards St, Fitchburg MA 01420
Real Estate Taxes5472
Tax Year2025
Assessed Value$405,000
Financial Data Source
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 40 Edwards St, Fitchburg MA 01420
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 40 Edwards St, Fitchburg MA 01420