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Pending

142 Madison St, Fitchburg MA 01420

$525,000

Estimated $1,370/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $175,000

Total Rent: 36900/year

Estimated CAP Rate:

9 Bedrooms

Baths

3591

Total Parking: 8

6,991 (0.16)

PRICE REDUCED TO $525,000! — 3-FAMILY INVESTMENT WITH ROOM TO GROW-Now offered at $525,000! Here is the opportunity investors and owner-occupants have been waiting for in revitalizing Fitchburg, Massachusetts.142 Madison Street is a 3-family, 3-story property with three spacious 3-bedroom units, making it an excellent choice for an investor looking to build rental income or an owner-occupant who wants to have tenants help pay the mortgage.The property does need some **TLC**, but that is where the opportunity begins. With an estimated after-repair value of approximately $640,000, a new owner has the chance to improve the property, increase its value, and build equity over time. The vacant unit creates a great house-hacking opportunity. Live in one unit while the rental income from the other units helps offset your housing costs. An investor can also take advantage of the rental demand in this area and improve the units over time. Fitchburg continues to see new investment, redevelopment, and revitalization, making location an important part of this opportunity. The property is convenient to Fitchburg State University, shopping, schools, medical services, restaurants, Route 2, and public transportation. The Fitchburg MBTA station provides commuter rail service toward Boston, adding another benefit for renters and commuters.This is not a property where you are paying top dollar for a fully renovated building. You are buying the opportunity to create value. The building itself is solid, but still needs updating and some repairs.The price has been significantly reduced to $525,000. Bring your ideas, your contractor, and your numbers—and see what you can create here.Buyer and buyer's agent to verify all information, including rental potential, expenses, zoning, permitted use, building condition, and estimated after-repair value.

This home has been viewed 23 times

Last Checked: October 22nd, 2026 at 6:43am (Source: MLS PIN #73551957)

Gross Income: $36,900

Gross Expenses: $6,220

Net Income Calc: $30,680

Water Views

Annual Expenses for 142 Madison St, Fitchburg MA 01420

Total Gross Expenses (Calculated)$6,220/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6220

Annual Income & Unit Breakdown for 142 Madison St, Fitchburg MA 01420

Total Gross Income (Calculated)$36,900

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 142 Madison St, Fitchburg MA 01420

Listing ID73551957

Property TypeMulti Family / 3 Family

Price525000 ($146.2/SqFt)

Style3 Family

CityFitchburg

CountyWorcester

MLS AreaFitchburg

Neighborhood(s)

Approximate Living Area Total3591

Approximate Lot Size (Acres)0.16

Total Parking8

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic,individual Meter

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRC

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 142 Madison St, Fitchburg MA 01420

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Tenant Possessions

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 142 Madison St, Fitchburg MA 01420

Real Estate Taxes6220

Tax Year2025

Assessed Value$460,400

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 142 Madison St, Fitchburg MA 01420

Neighborhood(s)

MLS AreaFitchburg

Area AmenitiesWalk/jog Trails

Contact Information for 142 Madison St, Fitchburg MA 01420

Agent

Name: Rosemarie Ledogar

Office

Name: R. D. Ledogar Real Estate

Phone: 978-830-0035

Team Members

Payment Calculator

, Interest

Property Taxes 518.33

Principal & Interest 3234.88

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

R. D. Ledogar Real Estate

Rosemarie Ledogar

Agent Phone

Office Phone

(978) 830-0035

Text Agent Call Agent Call Office

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    [unparsed] => 142 Madison St, Fitchburg MA 01420
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EXIT

37 More Photos

Pending

142 Madison St, Fitchburg MA 01420

$525,000

Annual Expenses for 142 Madison St, Fitchburg MA 01420

Annual Income & Unit Breakdown for 142 Madison St, Fitchburg MA 01420

General Information for 142 Madison St, Fitchburg MA 01420

Disclosures for 142 Madison St, Fitchburg MA 01420

Financial Information for 142 Madison St, Fitchburg MA 01420

Location Information for 142 Madison St, Fitchburg MA 01420

Contact Information for 142 Madison St, Fitchburg MA 01420

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

R. D. Ledogar Real Estate

Rosemarie Ledogar