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Excellent opportunity for investors to acquire a three-family property with strong upside potential in a highly desirable location. Each unit offers a functional layout with two bedrooms, one bathroom, a living room, dining room, and kitchen. The third-floor unit is currently owner-occupied, providing flexibility for repositioning, future rental income, or an owner-occupant strategy. All units are very sunny and bright, creating attractive living spaces for tenants. This property is ideal for an investor looking to gain sweat equity, improve rents over time, and add value through updates. Located close to Route 2, Shopping and the rail trail, the property offers excellent commuter access and long-term rental demand. Property is being sold as is. A compelling value-add multi-family investment opportunity in a sought-after location. Showings only at Open Houses - Saturday 1/10/26 10am-1pm and Sunday 1/11/2026 10am - 1pm. ***Offer Deadline Monday 1/12 5pm***

More Info

Basic Information

  • Contingency Inspection
  • Mls StatusSold
  • Parcel Number M:0122 B:0005 L:0,1508922

Tax Information

  • Tax Assessed Value $469,800
  • Tax Year 2025
  • Taxes$6,347

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces6

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms6
  • Full Bath3

Basic Information

  • List Price$550,000
  • MLS Number73466600
  • Modification Date02/26/2026
  • Property SubType3 Family
  • Purchase Contract Date01/13/2026
  • Sale Date02/26/2026
  • Sale Price$575,000
  • Virtual TourView Tour

Location

  • Address748 Water Street
  • Building Number748
  • CountyWorcester
  • StateMA
  • StreetWater Street
  • TownFitchburg
  • Zip01420

Building

  • BasementFull
  • Building Area Units Square Feet
  • FoundationConcrete Perimeter, Block
  • Levels 3
  • Rooms15
  • Stories3
  • Units3
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.26

Utilities

  • Heat SystemYes
  • Heating Oil
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,134
  • Lot Size Square Feet 11,156
  • Lot Size Units Acres
  • Square Feet4,134

Amenities

  • Other AmenitiesBasement

Legal

  • ZoningNB

Other

  • Date Listed01/08/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Rebecca Koulalis of Redfin Corp.

Listing Sold by eXp Realty

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