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114-116 Laurel St, Fitchburg MA 01420

$574,999

Estimated $1,434/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $191,666.33

Total Rent: 60564/year

Estimated CAP Rate:

6 Bedrooms

Baths

3542

Total Parking: 6

6,806 (0.16)

Renovated three-family investment opportunity at 114-116 Laurel St in Fitchburg, featuring a dedicated paved parking lot and convenient access to the Fitchburg commuter rail, just 0.4 mile away. The property consists of two deeded tracts on one tax parcel: the three-unit building and the paved corner lot at Laurel and Cross Streets, formerly known as 112 Laurel St. Parking includes two assigned spaces per unit, plus one additional space currently rented to a neighboring business. Substantially renovated in 2018-2019 under City of Fitchburg permits; per the owner, the work updated plumbing, wiring, heating, flooring and appliances. Wall-hung Rinnai natural gas units provide hot-water baseboard heat. Water lines are set up for sub-metering, and tenants pay their own heat, hot water, electricity and gas. The first-floor 3-bedroom, 2-bath unit is vacant and freshly renovated, offering an owner-occupant or investor the chance to set the rent (the rent shown is an estimate). It also has its own laundry room with washer hookups. The two upstairs units, a 1-bedroom and a 2-bedroom, 2-bath unit that includes the third floor, are leased through September 2027 at $1,250 and $1,550 per month. Additional features include wood-look vinyl plank flooring, two kitchens with white cabinetry and granite-look countertops, a two-level covered rear deck with porch repairs done under a 2019 city permit, and a shared yard. A coin-operated laundry room also serves the neighboring six-family. Basement storage bays offer additional storage potential, and motion-sensor lighting and an owner-owned CCTV camera system add further amenities. Approximately one-third of a mile from Market Basket, one mile from Fitchburg State University and three miles from Route 2. Also referenced as 112-116 Laurel St on the 2017 deed (Book 8848, Page 313).

This home has been viewed 9 times

Last Checked: October 19th, 2026 at 6:53am (Source: MLS PIN #73591013)

Gross Income: $60,564

Gross Expenses: $6,023

Net Income Calc: $54,541

Annual Expenses for 114-116 Laurel St, Fitchburg MA 01420

Total Gross Expenses (Calculated)$6,023/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6023.03

Annual Income & Unit Breakdown for 114-116 Laurel St, Fitchburg MA 01420

Total Gross Income (Calculated)$60,564

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 114-116 Laurel St, Fitchburg MA 01420

Listing ID73591013

Property TypeMulti Family / 3 Family

Price574999 ($162.34/SqFt)

Style3 Family

CityFitchburg

CountyWorcester

MLS AreaFitchburg

Neighborhood(s)

Approximate Living Area Total3542

Approximate Lot Size (Acres)0.16

Total Parking6

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate,Renovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningNB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 114-116 Laurel St, Fitchburg MA 01420

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSurveillance Devices

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 114-116 Laurel St, Fitchburg MA 01420

Real Estate Taxes6023.03

Tax Year2026

Assessed Value$453,200

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 114-116 Laurel St, Fitchburg MA 01420

Elementary SchoolSouth Street Elementary School

Middle SchoolMemorial Middle School

High SchoolFitchburg High School

Neighborhood(s)

MLS AreaFitchburg

Area AmenitiesWalk/jog Trails

Contact Information for 114-116 Laurel St, Fitchburg MA 01420

Agent

Name: Candor Investment Group

Office

Name: eXp Realty LLC

Phone: 888-854-7493

Team Members

Payment Calculator

, Interest

Property Taxes 501.92

Principal & Interest 3542.96

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty LLC

Candor Investment Group

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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    [unparsed] => 114-116 Laurel St, Fitchburg MA 01420
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EXIT

37 More Photos

Active

114-116 Laurel St, Fitchburg MA 01420

$574,999

Annual Expenses for 114-116 Laurel St, Fitchburg MA 01420

Annual Income & Unit Breakdown for 114-116 Laurel St, Fitchburg MA 01420

General Information for 114-116 Laurel St, Fitchburg MA 01420

Disclosures for 114-116 Laurel St, Fitchburg MA 01420

Financial Information for 114-116 Laurel St, Fitchburg MA 01420

Location Information for 114-116 Laurel St, Fitchburg MA 01420

Contact Information for 114-116 Laurel St, Fitchburg MA 01420

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

eXp Realty LLC

Candor Investment Group