123 Myrtle Ave Fitchburg — Photo 1 of 31
Recent Drop: $20,000
$599,000
Investment Analysis — 123 Myrtle Ave
Fitchburg, MA 01420
Based on rent reported on the MLS listing, a 3-unit multi-family in 01420 carries $6,000/mo in gross rent — about a 8.10% cap rate and $48,507/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
12
Baths
3
SqFt
4,144
Style
3 Family
Built
1910
Investor Opportunity! 3-family property in a prime rental location just a short walk to Fitchburg State University. Each spacious unit features 4 bedrooms and is currently leased to college students, generating $2,000 per month per unit ($6,000 monthly gross income) with leases through May 2027. All units have separate utilities, making management more efficient for investors. Conveniently located near the MBTA commuter rail station, MART bus routes, shopping, restaurants, coffee shops, churches, and other local amenities. All units are occupied with leases in place, providing immediate, steady rental income. Whether you're looking to expand your portfolio or make your first investment, this income-producing property is one you won't want to miss! All hot water heaters and heating systems are new.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Park • Public School • T-Station • University • Sidewalks
Geography
Property History
$599,000
Was $619,000
Aug 25, 2026
MLS® 73561635
$619,000
Jul 30, 2026
MLS® 73561635
$88,300
Sep 28, 2010
MLS® 71135520
$80,000
Sep 11, 2010
MLS® 71135520
Listing Agent: Paula Valente
Listing Office: Real Estate Exchange
MLS® Number: 73561635