
55 Elmwood Ave Fitchburg — Photo 1 of 42
$649,900
Investment Analysis — 55 Elmwood Ave
Fitchburg, MA 01420 — Fitchburg
Based on rent reported on the MLS listing, a 2-unit multi-family in 01420 carries $3,900/mo in gross rent — about a 4.64% cap rate and $30,178/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
2,400
Style
2 Family - 2 Units Up/Down
Built
1900
Attention investors and owner-occupants! This well-maintained two-family home offers an excellent opportunity to build equity and add value in a desirable neighborhood setting. Both units feature three generously sized bedrooms and one full bath along with comfortable living spaces, separate utilities, and wrap-around porches on both floors. A particularly appealing feature is the additional land located off the driveway, offering potential for future use or possible development. With six off-street parking spaces and a large yard, there is plenty of room for outdoor activities, entertaining, gardening, or simply enjoying the neighborhood setting. Coin-operated laundry is conveniently located on site for tenants, adding an extra amenity and potential income opportunity. The separate living spaces provide flexibility for a variety of ownership options. Live in one unit while generating rental income from the other, or add this spacious two-family to your investment portfolio. The generous bedroom count and functional layouts offer plenty of possibilities for tenants and owner-occupants alike. Located just down the street from Parkhill Park and less than a five-minute drive to Coggshall Park, offering walking paths, playgrounds, and recreational amenities. Conveniently situated near local shopping, dining, and everyday conveniences while maintaining a comfortable neighborhood feel. With its spacious units, wrap-around porches, ample parking, large yard, and valuable additional land, this is an opportunity worth exploring. Bring your vision and make it your own. Schedule your private showing today!
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
Range • Dishwasher • Microwave • Refrigerator • Other
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Public School
Geography
Listing Agent: Traci Lavanway
Listing Office: Coldwell Banker Realty - Leominster
MLS® Number: 73565842