3 Family at 123 Myrtle Ave, Fitchburg MA 01420, Fitchburg
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42 photos

$599,000

123 Myrtle Ave, Fitchburg MA 01420
Fitchburg, MA 01420
Listed by Paula Valente
Bedrooms
12
Bathrooms
3
Living area
4,144 sqft
Year built
1910

About this home

Investor Opportunity! 3-family property in a prime rental location just a short walk to Fitchburg State University. Each spacious unit features 4 bedrooms and is currently leased to college students, generating $2,000 per month per unit ($6,000 monthly gross income) with leases through May 2027. All units have separate utilities, making management more efficient for investors. Conveniently located near the MBTA commuter rail station, MART bus routes, shopping, restaurants, coffee shops, churches, and other local amenities. All units are occupied with leases in place, providing immediate, steady rental income. Whether you're looking to expand your portfolio or make your first investment, this income-producing property is one you won't want to miss! All hot water heaters and heating systems are new.

Property details

MLS #
73561635
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
70
On market date
July 30, 2026
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
6
Lot size
0.12 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
McKay Arts Academy
0.59 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
663
Student:teacher ratio
13.0:1
District
Fitchburg
Middle
Arthur M Longsjo Middle School
0.52 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
648
Student:teacher ratio
13.5:1
District
Fitchburg
High
Goodrich Academy
0.72 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
158
Student:teacher ratio
19.8:1
District
Fitchburg

Walkability

Blended score for Fitchburg's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

87
Highly walkable
out of 100
EPA National Walkability Index
15.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks16
Schools18
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Fitchburg, from live MLS data.

On the market 70 days -- 18 fewer days than Fitchburg's current average of 88 days.
For reference, the median list price across 350 active listings in Fitchburg right now is $399,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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/mo
Est. monthly payment
$3,757/mo
$119,800 down
$479,200 loan
Principal & interest$3,108
Property tax (est.)$499
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated September 5, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.