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Renovated three-family investment opportunity at 114-116 Laurel St in Fitchburg, featuring a dedicated paved parking lot and convenient access to the Fitchburg commuter rail, just 0.4 mile away. The property consists of two deeded tracts on one tax parcel: the three-unit building and the paved corner lot at Laurel and Cross Streets, formerly known as 112 Laurel St. Parking includes two assigned spaces per unit, plus one additional space currently rented to a neighboring business. Substantially renovated in 2018-2019 under City of Fitchburg permits; per the owner, the work updated plumbing, wiring, heating, flooring and appliances. Wall-hung Rinnai natural gas units provide hot-water baseboard heat. Water lines are set up for sub-metering, and tenants pay their own heat, hot water, electricity and gas. The first-floor 3-bedroom, 2-bath unit is vacant and freshly renovated, offering an owner-occupant or investor the chance to set the rent (the rent shown is an estimate). It also has its own laundry room with washer hookups. The two upstairs units, a 1-bedroom and a 2-bedroom, 2-bath unit that includes the third floor, are leased through September 2027 at $1,250 and $1,550 per month. Additional features include wood-look vinyl plank flooring, two kitchens with white cabinetry and granite-look countertops, a two-level covered rear deck with porch repairs done under a 2019 city permit, and a shared yard. A coin-operated laundry room also serves the neighboring six-family. Basement storage bays offer additional storage potential, and motion-sensor lighting and an owner-owned CCTV camera system add further amenities. Approximately one-third of a mile from Market Basket, one mile from Fitchburg State University and three miles from Route 2. Also referenced as 112-116 Laurel St on the 2017 deed (Book 8848, Page 313).
More Info
Basic Information
- Gross Income $60,564
- Listing Terms Contract
- Lot Features Corner Lot, Easements, Level
- Mls StatusNew
- Parcel Number M:0054 B:0012 L:0,1504442
- Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Road Frontage DescriptionPaved
Tax Information
- Tax Assessed Value $453,200
- Tax Year 2026
- Taxes$6,023
Parking
- Open Parking YN Yes
- Parking Features Paved Drive, Off Street, Assigned, Paved
- Parking Spaces6
Rooms
- Bathroom5
- Bathrooms Total Decimal 5
- Bedrooms6
- Full Bath5
Basic Information
- List Price$574,999
- MLS Number73591013
- Modification Date10/15/2026
- Property SubType3 Family
Location
- Address114-116 Laurel Street
- Building Number114-116
- CountyWorcester
- NeighborhoodFitchburg
- StateMA
- StreetLaurel Street
- SubdivisionFitchburg
- TownFitchburg
- Zip01420
Building
- BasementFull, Sump Pump, Concrete
- Building Area Units Square Feet
- Construction Materials Frame
- FoundationStone, Brick/Mortar, Granite
- Levels 4
- Patio And Porch Features Porch, Deck, Covered
- Rooms13
- Stories4
- Units3
- Utilities Washer Hookup
- Year Built1920
- Year Built Details Approximate, Renovated Since
- Year Built Source Public Records
Property
- Acreage0.16
Interior
- Flooring Tile, Carpet
- Interior Features
- Bathroom With Tub & Shower
- Bathroom with Shower Stall
- Ceiling Fan(s)
- Kitchen
- Laundry Room
- Living Room
- Pantry
Exterior
- RoofSlate, Rubber
Utilities
- Electric Circuit Breakers
- Heat SystemYes
- Heating Baseboard, Natural Gas
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Public Records
- Living Area 3,542
- Lot Size Square Feet 6,806
- Lot Size Units Acres
- Square Feet3,542
Amenities
- AmenitiesPublic Transportation, Shopping, Highway Access, University
- Other AmenitiesBasement
Legal
- ZoningNB
Other
- Date Listed10/15/2026
- Farm Land Area Units Square Feet
Map Location
Listed by Candor Investment Group of eXp Realty LLC
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