Welcome to 151 Mechanic Street. This brick three-family offers two income-producing rented units plus a vacant first-floor two-bedroom apartment with a private backyard, providing flexibility from day one. The property features a 3-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit with additional room, each with separate gas heat, hot water, and electric service. Move into the vacant apartment while collecting rental income from the occupied units,or lease it to further increase cash flow. Additional features include off-street parking and coin-operated laundry. Conveniently located near the MBTA commuter rail, shopping, restaurants, and major routes, this is an excellent opportunity for both owner-occupants and investors seeking immediate income with future upside.
This home has been viewed 3 times
Last Checked: November 6th, 2026 at 8:33pm (Source: MLS PIN #73599723)
Gross Income: $36,852
Gross Expenses: $6,500
Net Income Calc: $30,352
Annual Expenses for 151 Mechanic Street, Fitchburg MA 01420
Total Gross Expenses (Calculated)$6,500/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax6500
Annual Income & Unit Breakdown for 151 Mechanic Street, Fitchburg MA 01420
Total Gross Income (Calculated)$36,852
Unit 1
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseY
Bedrooms3
Bathrooms2 Full
Floor3
Levels in Unit2
Rent Includes
General Information for 151 Mechanic Street, Fitchburg MA 01420
Listing ID73599723
Property TypeMulti Family / 3 Family
Price550000 ($205.22/SqFt)
Style3 Family
CityFitchburg
CountyWorcester
Neighborhood(s)
Approximate Living Area Total2680
Approximate Lot Size (Acres)0.16
Total Parking10
Garage Parking0
Year Built1830
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot Features
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningRC
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 151 Mechanic Street, Fitchburg MA 01420
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsTenants 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 151 Mechanic Street, Fitchburg MA 01420
Real Estate Taxes6500
Tax Year2025
Assessed Value$481,100
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 151 Mechanic Street, Fitchburg MA 01420
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 151 Mechanic Street, Fitchburg MA 01420