142 Madison St, Fitchburg, MA 01420
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
142 Madison St,Fitchburg, MA 01420
$525,000
- 9 Beds
- 3 Baths
- 3,591 sq. ft.
- Multi-family
- Active
Listed by: rosemarie ledogar, rosemarie ledogar
Office: r. d. ledogar real estate
MLS#:73551957
Source:MLSPIN
Price summary
- Price:$525,000
- Price per sq. ft.:$146.2
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....
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Home facts
- Year built:1920
- Listing ID #:73551957
- Updated:September 28, 2026 at 12:21 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:18
- Flooring:Vinyl, Wood
- Kitchen Description:Kitchen, Range, Refrigerator
- Basement Description:Concrete, Full
- Living area:3,591 sq. ft.
Heating and cooling
- Heating:Central, Individual
Structure and exterior
- Roof:Tar/Gravel
- Year built:1920
- Building area:3,591 sq. ft.
- Lot area:0.16 Acres
- Construction Materials:Frame
- Exterior Features:Covered, Deck, Enclosed, Garden, Porch
- Foundation Description:Concrete Perimeter, Stone
Utilities
- Water:Individual Meter, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$525,000
- Price per sq. ft.:$146.2
- Tax amount:$6,220 (2025)
Features and amenities
- Appliances:Range, Refrigerator
- Laundry features:Electric Dryer Hookup, Washer Hookup
Parking
- Total parking spaces:8
- Parking description:Off Street, Paved, Paved Drive, Tandem
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