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2 Days on market
347-349 Summer St Fitchburg — Photo 1 of 41

347-349 Summer St Fitchburg — Photo 1 of 41

$575,000

Investment Analysis — 347-349 Summer St

Fitchburg, MA 01420

Based on rent reported on the MLS listing, a 3-unit multi-family in 01420 carries $4,450/mo in gross rent — about a 6.25% cap rate and $35,927/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.

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Beds

8

Baths

3

SqFt

3,630

Style

3 Family

Built

1885

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.

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.

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Property Details

Financials

Original Price$575,000
Annual Taxes$4,657

Parking

Garage0
Off-Street8

Interior Specifications

Total Rooms15
FireplacesNone
Flooring--
BasementFull, Walk-Out Access, Interior Entry, Concrete, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Slate
FoundationStone, Brick/Mortar
ZoningC

Property & Lot

Acres0.09
SqFt Lot3,999
Lot FeaturesCorner Lot, Level

Geography

Listing Provided By

Listing Agent: Lana Kopsala

Listing Office: Coldwell Banker Realty - Leominster

MLS® Number: 73575426