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55 Elmwood Ave, Fitchburg MA 01420

$619,900

Estimated $1,454/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $309,950

Total Rent: 46800/year

Estimated CAP Rate:

6 Bedrooms

Baths

2400

Total Parking: 6

12,672 (0.29)

**Price Improvement** Attention investors and owner-occupants! This well-maintained two-family home offers an excellent opportunity to build equity and add value in a desirable neighborhood setting. Both units feature three generously sized bedrooms and one full bath along with comfortable living spaces, separate utilities, and wrap-around porches on both floors. A particularly appealing feature is the additional land located off the driveway, offering potential for future use or possible development. With six off-street parking spaces and a large yard, there is plenty of room for outdoor activities, entertaining, gardening, or simply enjoying the neighborhood setting. Coin-operated laundry is conveniently located on site for tenants, adding an extra amenity and potential income opportunity. The separate living spaces provide flexibility for a variety of ownership options. Live in one unit while generating rental income from the other, or add this spacious two-family to your investment portfolio. The generous bedroom count and functional layouts offer plenty of possibilities for tenants and owner-occupants alike. Located just down the street from Parkhill Park and less than a five-minute drive to Coggshall Park, offering walking paths, playgrounds, and recreational amenities. Conveniently situated near local shopping, dining, and everyday conveniences while maintaining a comfortable neighborhood feel. With its spacious units, wrap-around porches, ample parking, large yard, and valuable additional land, this is an opportunity worth exploring. Bring your vision and make it your own. Schedule your private showing today!

This home has been viewed 5 times

Last Checked: September 24th, 2026 at 5:08am (Source: MLS PIN #73565842)

Gross Income: $46,800

Gross Expenses: $8,207

Net Income Calc: $38,593

Annual Expenses for 55 Elmwood Ave, Fitchburg MA 01420

Total Gross Expenses (Calculated)$8,207/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5390

Annual Income & Unit Breakdown for 55 Elmwood Ave, Fitchburg MA 01420

Total Gross Income (Calculated)$46,800

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 55 Elmwood Ave, Fitchburg MA 01420

Listing ID73565842

Property TypeMulti Family / 2 Family

Price619900 ($258.29/SqFt)

Style2 Family - 2 Units Up/down

CityFitchburg

CountyWorcester

MLS AreaFitchburg

Neighborhood(s)

Approximate Living Area Total2400

Approximate Lot Size (Acres)0.29

Total Parking6

Garage Parking0

Year Built1900

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

ZoningRB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 55 Elmwood Ave, Fitchburg MA 01420

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator In Basement And Table In The Kitchen.

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 55 Elmwood Ave, Fitchburg MA 01420

Real Estate Taxes5390

Tax Year2025

Assessed Value$399,000

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 55 Elmwood Ave, Fitchburg MA 01420

Neighborhood(s)

MLS AreaFitchburg

Area AmenitiesWalk/jog Trails

Contact Information for 55 Elmwood Ave, Fitchburg MA 01420

Agent

Name: Traci LaVanway

Office

Name: Coldwell Banker Realty - Leominster

Phone: 978-840-4014

Team Members

Payment Calculator

, Interest

Property Taxes 449.17

Principal & Interest 3819.63

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Leominster

Traci LaVanway

Agent Phone

Office Phone

(978) 840-4014

Text Agent Call Agent Call Office

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EXIT

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