
38 Belmont Street Fitchburg — Photo 1 of 30
$365,000
Investment Analysis — 38 Belmont Street
Fitchburg, MA 01420
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01420 carries an estimated $2,130/mo in gross rent — about a 4.10% cap rate and $14,961/yr in estimated NOI at the $365,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,174
Style
Single Family
Built
1920
Back on Market! Sellers now offering a closing cost credit to help make this home an even better opportunity. Experience the perfect blend of character, space, and convenience! This lovely home captures your heart from the start with a sweeping screened in porch and a private, fenced in backyard complete with a firepit and mature shade trees. Inside, hardwood flooring brings warmth to the living and dining rooms, beautifully accenting the sunlit spaces and painted brick wall. The well-appointed kitchen features rich dark counters, stainless steel appliances, stylish textured tile backsplash, and abundant storage. A full bath completes the level. Upstairs, versatile, sun-soaked bedrooms, one with built-in shelving, easily adapt to your lifestyle needs. Situated in a prime location just 5 minutes from Route 2, the train station, Fitchburg State University, and vibrant downtown dining! Move right in!
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: 587 sq ft (the lesser of 900 sq ft or half the 1,174 sq ft principal dwelling). Lot size: 5,998 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 14
Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood
Dining Room
Lvl First10 x 14
Closet, Flooring - Hardwood
Kitchen
Lvl First11 x 14
Ceiling Fan(s), Flooring - Laminate, Cabinets - Upgraded, Stainless Steel Appliances
Primary Bedroom
Lvl Second14 x 14
Ceiling Fan(s), Flooring - Vinyl, Closet - Double
Bedroom 2
Lvl Second9 x 9
Bedroom 3
Lvl Second12 x 14
Closet/Cabinets - Custom Built, Flooring - Hardwood
Bathroom 1
Lvl First10 x 8
Bathroom - Full
Property History
$365,000
Was $349,000
Aug 5, 2026
MLS® 73559425
$365,000
Aug 5, 2026
MLS® 73559425
Listing Agent: Katherine Perrine
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73559425