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INVESTMENT SNAPSHOT
About this property
Incredible opportunity to own this new build (2015) building. Everything is 10 years young! Large exterior footprint with tons of off street parking and an oversized 2 car garage. Currently used as a "mixed use" building with the first floor occupied by a plumbing company. Upper floor is a lovely one bedroom apartment with all the bells and whistles. Hardwood, stainless steel appliances, recessed lighting, mini splits and tons of closet space!
Property details
| Units | 2 |
| Living area | 2,018 sqft |
| Lot size | 10,018 sqft |
| Year built | 2015 |
| Price / sqft | $334 |
| County | Worcester |
| MLS # | 73457323 |
Listing status
| Days on market | 167 days |
| Listed on | November 23, 2025 |
Taxes & financials
| Annual property tax | $7,414 |
| Tax year | 2025 |
| Assessed value | $548,800 |
| Zoning | CBD |
| Gross income (actual) | $24,000/yr |
| Net operating income (actual) | $24,000/yr |
| Total actual rent | $2,000/mo |
Building & lot
| Stories | 2 |
| Total rooms | 7 |
| Lot size | 0.23 acres |
| Garage spaces | 2 |
| Parking spaces | 12 |
| Basement | Full |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Tile, Hardwood |
Utilities & systems
| Heating | Central, Baseboard, Natural Gas |
| Cooling | Ductless |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Dishwasher, Range, Refrigerator |
Location
More about investing in Fitchburg →
Listing courtesy of Keller Williams Realty North Central — Kathleen Walsh. 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 381 Summer Street, Fitchburg MA 01420 have?
It is a 2-unit multi-family property with 2,018 sqft of living area, built in 2015.
How long has 381 Summer Street, Fitchburg MA 01420 been on the market?
381 Summer Street, Fitchburg MA 01420 has been listed for 167 days (since November 23, 2025).
What is the estimated cap rate on this 2-family in Fitchburg?
Based on area median rents, the estimated cap rate is about 3.2%, with a Signal Score of 62/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $675,000 across 2 units, that works out to roughly $337,500 per unit.
What are the property taxes on 381 Summer Street, Fitchburg MA 01420?
Annual property taxes are $7,414 (2025), on an assessed value of $548,800.
What is the price per square foot?
At $675,000 for 2,018 sqft, that's about $334 per square foot.
Is there parking?
2 garage spaces and 12 total parking spaces.
Where is this property located?
381 Summer Street, Fitchburg MA 01420 is in Fitchburg, Worcester County, MA 01420.
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