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PRICE REDUCED TO $525,000! - 3-FAMILY INVESTMENT WITH ROOM TO GROW-Now offered at $525,000! Here is the opportunity investors and owner-occupants have been waiting for in revitalizing Fitchburg, Massachusetts.142 Madison Street is a 3-family, 3-story property with three spacious 3-bedroom units, making it an excellent choice for an investor looking to build rental income or an owner-occupant who wants to have tenants help pay the mortgage.The property does need some **TLC**, but that is where the opportunity begins. With an estimated after-repair value of approximately $640,000, a new owner has the chance to improve the property, increase its value, and build equity over time. The vacant unit creates a great house-hacking opportunity. Live in one unit while the rental income from the other units helps offset your housing costs. An investor can also take advantage of the rental demand in this area and improve the units over time. Fitchburg continues to see new investment, redevelopment, and revitalization, making location an important part of this opportunity. The property is convenient to Fitchburg State University, shopping, schools, medical services, restaurants, Route 2, and public transportation. The Fitchburg MBTA station provides commuter rail service toward Boston, adding another benefit for renters and commuters.This is not a property where you are paying top dollar for a fully renovated building. You are buying the opportunity to create value. The building itself is solid, but still needs updating and some repairs.The price has been significantly reduced to $525,000. Bring your ideas, your contractor, and your numbers-and see what you can create here.Buyer and buyer's agent to verify all information, including rental potential, expenses, zoning, permitted use, building condition, and estimated after-repair value.

More Info

Basic Information

  • Contingency Inspection
  • Gross Income $55,700
  • Listing Terms Contract
  • Mls StatusContingent
  • Parcel Number M:0076 B:0056 L:0,1505842
  • Rent Includes Unit 2(None), Unit 3(None)
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $460,400
  • Tax Year 2025
  • Taxes$6,220

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Tandem, Paved
  • Parking Spaces8

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms9
  • Full Bath3

Basic Information

  • List Price$525,000
  • MLS Number73551957
  • Modification Date10/03/2026
  • Property SubType3 Family
  • Purchase Contract Date10/03/2026

Location

  • Address142 Madison Street
  • Building Number142
  • CountyWorcester
  • NeighborhoodFitchburg
  • StateMA
  • StreetMadison Street
  • SubdivisionFitchburg
  • TownFitchburg
  • Zip01420

Building

  • BasementFull, Concrete
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter, Stone
  • Levels 3
  • Patio And Porch Features Porch, Enclosed, Deck, Covered
  • Rooms18
  • Stories3
  • Units3
  • Utilities For Gas Range, For Gas Oven, For Electric Dryer, Washer Hookup
  • Window Features Insulated Windows, Storm Window(s)
  • Year Built1920
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.16
  • Other Structures Shed(s)

Interior

  • Flooring Wood, Vinyl
  • Interior Features Bathroom With Tub, Living Room, Kitchen

Exterior

  • Exterior Features Garden
  • Fencing Fenced/Enclosed, Fenced
  • RoofTar/Gravel

Utilities

  • Electric 110 Volts, Circuit Breakers, Individually Metered, Knob & Tube Wiring
  • Heat SystemYes
  • Heating Central, Individual
  • Sewer Public Sewer
  • Water Source Public, Individual Meter

Property Information

  • Building Area Source Public Records
  • Living Area 3,591
  • Lot Size Square Feet 6,991
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet3,591

Amenities

  • Amenities
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • Sidewalks
    • T-Station
    • University
    • Walk/Jog Trails
  • Appliances IncludedRefrigerator, Range
  • Other AmenitiesBasement, Garden, Golf

Other

  • Date Listed07/19/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Rosemarie Ledogar of R. D. Ledogar Real Estate

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