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28 Institute St, Fitchburg MA 01420

$489,900

Estimated $1,277/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $244,950

Total Rent: 52200/year

Estimated CAP Rate:

5 Bedrooms

Baths

2152

Total Parking: 6 (1 Garage)

0 (0.00)

**Motivated Seller — Relocating Out of State!** Turnkey, move-in-ready, well cared for 2-family home situated on a quiet residential street in desirable West Fitchburg. Ideal for owner-occupants, investors, or anyone looking to offset their mortgage with rental income. Unit 1 is vacant with 2 bedrooms, 1 bath, and basement laundry. Unit 2 (tenant at will) offers 3 bedrooms, 1 bath, and second-floor laundry. Features include private balconies/newer porch, backyard with fire pit, central heat (could easily upgrade to central air) updated electrical and seller-owned solar panels that convey with the property—no solar lease! Ample off-street parking, driveway, detached garage, and additional parking across the street. Conveniently located near the T, Fitchburg State University, and major commuter routes. Move right in! this property is ready for its next owner!

This home has been viewed 11 times

Last Checked: September 25th, 2026 at 7:58am (Source: MLS PIN #73565986)

Gross Income: $52,200

Gross Expenses: $5,788

Net Income Calc: $46,412

Annual Expenses for 28 Institute St, Fitchburg MA 01420

Total Gross Expenses (Calculated)$5,788/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5788

Annual Income & Unit Breakdown for 28 Institute St, Fitchburg MA 01420

Total Gross Income (Calculated)$52,200

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 28 Institute St, Fitchburg MA 01420

Listing ID73565986

Property TypeMulti Family / 2 Family

Price489900 ($227.65/SqFt)

Style2 Family - 2 Units Up/down

CityFitchburg

CountyWorcester

Neighborhood(s)

Approximate Living Area Total2152

Approximate Lot Size (Acres)0

Total Parking6 (1 Garage)

Garage Parking1

Year Built1880

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 28 Institute St, Fitchburg MA 01420

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings.

Financial Data Source

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 28 Institute St, Fitchburg MA 01420

Real Estate Taxes5788

Tax Year2026

Assessed Value$435,500

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 28 Institute St, Fitchburg MA 01420

Neighborhood(s)

Area Amenities

Contact Information for 28 Institute St, Fitchburg MA 01420

Agent

Name: Gabrielle Aguiar

Office

Name: eXp Realty LLC - Corporate Office

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 482.33

Principal & Interest 3018.61

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty LLC - Corporate Office

Gabrielle Aguiar

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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EXIT

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