$525,000
About this home
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.
Property details
- MLS #
- 73551957
- Property type
- 3 Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 81
- On market date
- July 19, 2026
- Stories
- 3
- Total bathrooms
- 3
- Garage spaces
- N/A
- Parking spaces
- 8
- Lot size
- 0.16 acres
Location
Get directions →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).
- Enrollment
- 592
- Student:teacher ratio
- 14.1:1
- District
- Fitchburg
- Enrollment
- 668
- Student:teacher ratio
- 12.4:1
- District
- Fitchburg
- 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).
Market position
How this listing compares to current activity in Fitchburg, from live MLS data.
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 16 days ago.
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.