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INVESTMENT SNAPSHOT
About this property
FOR SALE | $670,000 | 3-Unit Multi-Family | 40 Edwards St, Fitchburg, three-family asset delivering $5,400 monthly — $64,800 annually — in gross rental income. Extensively capital-improved with new electrical service, sub-metered panels, full plumbing replacement, and updated unit-level electrical throughout. Two renovated units feature granite countertops, modern cabinetry, mini-split HVAC, updated flooring, and stainless steel appliances. Exterior freshly painted. Off-street parking. Owner-paid water. Strong in-place tenancy with immediate cash flow and value-add upside on the third unit. Ideal for the 1031 exchange buyer or portfolio investor seeking a low-maintenance, income-producing asset in a growing Central Massachusetts market. Images used are from before the rental agreements
Property details
| Units | 3 |
| Living area | 2,508 sqft |
| Lot size | 5,036 sqft |
| Year built | 1905 |
| Price / sqft | $267 |
| County | Worcester |
| MLS # | 73528118 |
Listing status
| Days on market | 3 days |
| Listed on | June 2, 2026 |
Taxes & financials
| Annual property tax | $5,472 |
| Tax year | 2025 |
| Assessed value | $405,000 |
| Zoning | RC |
| Gross income (actual) | $64,800/yr |
| Net operating income (actual) | $64,800/yr |
| Total actual rent | $5,400/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street, Assigned, Paved |
| Basement | Full, Walk-Out Access, Interior Entry, Concrete, Slab |
| Foundation | Stone, Granite |
| Roof | Rubber |
| Construction | Post & Beam, Cement Board |
| Flooring | Tile, Vinyl, Stone/Ceramic Tile |
Utilities & systems
| Heating | Forced Air, Heat Pump, Electric |
| Cooling | Wall Unit(s), Heat Pump |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit |
| Appliances | Range, Refrigerator |
Location
More about investing in Fitchburg →
Listing courtesy of Edward Perez — Edward Perez. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 40 Edwards St, Fitchburg MA 01420 have?
It is a 3-unit multi-family property with 2,508 sqft of living area, built in 1905.
How long has 40 Edwards St, Fitchburg MA 01420 been on the market?
40 Edwards St, Fitchburg MA 01420 has been listed for 3 days (since June 2, 2026).
What is the estimated cap rate on this 3-family in Fitchburg?
Based on area median rents, the estimated cap rate is about 4.8%, with a Signal Score of 83/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $670,000 across 3 units, that works out to roughly $223,333 per unit.
What are the property taxes on 40 Edwards St, Fitchburg MA 01420?
Annual property taxes are $5,472 (2025), on an assessed value of $405,000.
What is the price per square foot?
At $670,000 for 2,508 sqft, that's about $267 per square foot.
Is there parking?
6 total parking spaces (paved drive, off street, assigned, paved).
Where is this property located?
40 Edwards St, Fitchburg MA 01420 is in Fitchburg, Worcester County, MA 01420.
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