142 Madison St
Fitchburg, MA 01420

?? PRICE REDUCED $95,000 — NOW $525,000! 3-Family | 3 Bedrooms Each | Rental Income + Value-Add Potential | Fitchburg, MA

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. Why this property stands out: * **New price: $525,000** * **Three 3-bedroom, 1-bath units** * **Three-story building** * **Tenants pay all utilities** * **Separate utilities** * **Newer heating systems** * **Newer water heaters** * **Strong rental location** * **One unit currently vacant** * **Owner-occupant opportunity** * **Below-market rents offer room for future growth** * **Estimated after-repair value of approximately $640,000** 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. If you're looking for a 3-family investment property in Fitchburg with three-bedroom units, separate utilities, newer major systems, rental upside, and owner-occupant potential, 142 Madison Street is worth a closer look. 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.*

See all 17 large pictures in the photos gallery

Location