Active
20 Days on market
1220 Water Street Fitchburg — Photo 1 of 14

1220 Water Street Fitchburg — Photo 1 of 14

Recent Drop: $5,000

$369,900
$364,900

$364,900

Investment Analysis — 1220 Water Street

Fitchburg, MA 01420

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 4-bedroom in 01420 carries an estimated $2,500/mo in gross rent — about a 5.29% cap rate and $19,309/yr in estimated NOI at the $364,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

1

SqFt

1,195

Style

Single Family

Built

1880

Nicely updated during the current ownership, this inviting 4-bedroom Colonial offers modern updates, a versatile floor plan and plenty of space to make your own! The kitchen features NEW Acadia White cabinetry, stainless-steel electric range, dishwasher,microwave, modern fixtures, Cementino Gray tile flooring, plenty of storage and counter space. The main level offers a large living room with new Edward Oak luxury vinyl plank flooring & recessed lighting, plus a spacious first-floor bedroom with new carpeting. The upgraded full bathroom features a 30-inch oak vanity, Cementino Gray tile flooring, an elongated toilet, a beautifully tiled Bianco Dolomite tub & shower surround.Upstairs, you’ll find two additional bedrooms with new carpeting, along with a separate bonus room that would make a great home office, nursery, or creative space. Additional improvements include all-new windows, interior/ exterior doors, & new white vinyl siding accented by black board-and-batten details. The previous owner replaced the roof, porch in 2022 & upgraded the electrical service. Relax on the welcoming farmer’s porch with your morning coffee, or step outside and enjoy the paved Twin Cities Rail Trail, which abuts the backyard and offers convenient access for walking, running, biking and other outdoor activities.Conveniently located near major highways, shopping and the MBTA commuter rail. This move-in-ready home combines modern improvements with everyday convenience. Invest in yourself through homeownership and start your next chapter today!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 598 sq ft (the lesser of 900 sq ft or half the 1,195 sq ft principal dwelling). Lot size: 5,859 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$369,900
Annual Taxes$3,491

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms7
FireplacesNone
FlooringFlooring - Wall to Wall Carpet
BasementFull, Walk-Out Access, Interior Entry, Dirt Floor, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas, Electric
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock, Stone, Brick/Mortar
ZoningNB

Property & Lot

Acres0.13
SqFt Lot5,859
Lot FeaturesWooded

Amenities & Appliances

Gas Water Heater • Range • Dishwasher

Neighborhood

Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Golf

Geography

Floorplan Breakdown

Structural Layout

Second
OfficeBedroom 2Bedroom 3Bedroom 4
First
Living RoomDining RoomKitchenPrimary Bedroom
Living Room
Lvl First

Flooring - Vinyl, Exterior Access, Open Floorplan, Recessed Lighting

Dining Room
Lvl First
Kitchen
Lvl First

Flooring - Laminate, Countertops - Upgraded, Cabinets - Upgraded, Exterior Access

Office
Lvl Second

Flooring - Wall to Wall Carpet

Primary Bedroom
Lvl First

Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

Flooring - Wall to Wall Carpet

Property History

Price Drop
$364,900

Was $369,900

Sep 6, 2026

MLS® 73567405

Listed
$369,900

Aug 24, 2026

MLS® 73567405

Sold
$231,000

May 10, 2025

MLS® 73352472

Listed
$219,900

Mar 31, 2025

MLS® 73352472

Expired
$219,900

Feb 15, 2025

MLS® 73279003

Listed
$219,900

Aug 17, 2024

MLS® 73279003

Listing Provided By

Listing Agent: Kelle O'Keefe

Listing Office: Keller Williams Realty North Central

MLS® Number: 73567405