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Active Under Contract

347-349 Summer St, Fitchburg MA 01420

$575,000

Estimated $1,320/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $191,666.67

Total Rent: 40800/year

Estimated CAP Rate:

8 Bedrooms

Baths

3630

Total Parking: 8

3,999 (0.09)

Turnkey 3-Family Opportunity! Well-maintained and fully DE-LEADED multi-family property offering excellent flexibility for investors and owner-occupants alike. Features two spacious 2-bedroom units and a third-floor 1-bedroom unit with a separate office, providing attractive rental options. All apartments have been updated with modern finishes, including quartz countertops, and are clean, bright, and move-in ready. The first-floor unit is serviced by a newer gas heating system and offers the flexibility of a potential 3-bedroom layout, with the front room fully insulated and suitable as a bedroom, office, or bonus space. The second and third-floor units feature energy-efficient mini-split systems providing both heating and cooling, with gas stoves available as a supplemental heat source. Separate utilities for each unit offer convenience and expense control. Additional amenities include off-street parking and a vacant second-floor unit available for immediate occupancy, making it ideal for an owner-occupant or new tenant placement. New electrical, insulation and windows throughout! Located near shopping, restaurants, public transportation, commuter rail service, and major highway access. Property is situated within a mixed-use zoning district, offering additional potential and flexibility. A rare opportunity to own a versatile, income-producing property in a highly accessible location.

This home has been viewed 2 times

Last Checked: September 23rd, 2026 at 10:08am (Source: MLS PIN #73575426)

Gross Income: $40,800

Gross Expenses: $12,241

Net Income Calc: $28,559

Water Views

Annual Expenses for 347-349 Summer St, Fitchburg MA 01420

Total Gross Expenses (Calculated)$12,241/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4657

Annual Income & Unit Breakdown for 347-349 Summer St, Fitchburg MA 01420

Total Gross Income (Calculated)$40,800

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 347-349 Summer St, Fitchburg MA 01420

Listing ID73575426

Property TypeMulti Family / 3 Family

Price575000 ($158.4/SqFt)

Style3 Family

CityFitchburg

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3630

Approximate Lot Size (Acres)0.09

Total Parking8

Garage Parking0

Year Built1885

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

ZoningC

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 347-349 Summer St, Fitchburg MA 01420

Lead PaintNone

UFFINo

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 347-349 Summer St, Fitchburg MA 01420

Real Estate Taxes4657

Tax Year2025

Assessed Value$344,700

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 347-349 Summer St, Fitchburg MA 01420

Neighborhood(s)

Area Amenities

Contact Information for 347-349 Summer St, Fitchburg MA 01420

Agent

Name: Lana Kopsala

Office

Name: Coldwell Banker Realty - Leominster

Phone: 978-840-4014

Payment Calculator

, Interest

Property Taxes 388.08

Principal & Interest 3542.97

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Leominster

Lana Kopsala

Agent Phone

Office Phone

(978) 840-4014

Text Agent Call Agent Call Office

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    [unparsed] => 347-349 Summer St, Fitchburg MA 01420
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EXIT

38 More Photos

Active Under Contract

347-349 Summer St, Fitchburg MA 01420

$575,000

Annual Expenses for 347-349 Summer St, Fitchburg MA 01420

Annual Income & Unit Breakdown for 347-349 Summer St, Fitchburg MA 01420

General Information for 347-349 Summer St, Fitchburg MA 01420

Disclosures for 347-349 Summer St, Fitchburg MA 01420

Financial Information for 347-349 Summer St, Fitchburg MA 01420

Location Information for 347-349 Summer St, Fitchburg MA 01420

Contact Information for 347-349 Summer St, Fitchburg MA 01420

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Leominster

Lana Kopsala