Investor Opportunity! 3-family property in a prime rental location just a short walk to Fitchburg State University. Each spacious unit features 4 bedrooms and is currently leased to college students, generating $2,000 per month per unit ($6,000 monthly gross income) with leases through May 2027. All units have separate utilities, making management more efficient for investors. Conveniently located near the MBTA commuter rail station, MART bus routes, shopping, restaurants, coffee shops, churches, and other local amenities. All units are occupied with leases in place, providing immediate, steady rental income. Whether you're looking to expand your portfolio or make your first investment, this income-producing property is one you won't want to miss! All hot water heaters and heating systems are new. GROUP SHOWING SATURDAY 9/29/26 FROM 4:30 - 5:30. BUYERS MUST BE ACCOMPANIED BY AGENT.
For sale
Price cut: $20K (8/25)
$599,000
123 Myrtle Ave, Fitchburg, MA 01420
12beds
4,144sqft
3 Family
Built in 1910
-- sqft lot
$591,200 Zestimate®
$145/sqft
$-- HOA
What's special
- 31 days
- 263
- 15
Zillow last checked:
Listing updated:
Listed by:
Paula Valente 508-846-5584,
Real Estate Exchange 978-582-4339
Source: MLS PIN,MLS#: 73561635
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Wood, Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 4,144
- Total interior livable area: 4,144 sqft
- Finished area above ground: 4,144
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 6
Features
- Patio & porch: Porch
Lot
- Size: 5,114 Square Feet
- Features: Corner Lot
Details
- Parcel number: 1503231
- Zoning: RC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Stone
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Varies per Unit
Community & HOA
Community
- Features: Public Transportation, Park, Public School, T-Station, University, Sidewalks
Location
- Region: Fitchburg
Financial & listing details
- Price per square foot: $145/sqft
- Tax assessed value: $459,900
- Annual tax amount: $6,213
- Date on market: 7/30/2026
- Listing terms: Contract
- Total actual rent: 6000
- Road surface type: Paved
Estimated market value
$591,200
$562,000 - $621,000
$2,083/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Price change | $599,000-3.2%$145/sqft |
Source: MLS PIN #73561635 Report a problem | ||
| 8/10/2026 | Listed for sale | $619,000+155.8%$149/sqft |
Source: MLS PIN #73561635 Report a problem | ||
| 2/9/2018 | Sold | $242,000-1.2%$58/sqft |
Source: EXIT Realty solds #-7891672335506919381 Report a problem | ||
| 11/26/2017 | Pending sale | $245,000$59/sqft |
Source: RE/MAX PROFESSIONAL ASSOCIATES #72256397 Report a problem | ||
| 11/16/2017 | Listed for sale | $245,000+177.5%$59/sqft |
Source: RE/MAX Prof Associates #72256397 Report a problem | ||
| 12/30/2010 | Sold | $88,300+10.4%$21/sqft |
Source: Public Record Report a problem | ||
| 11/29/2010 | Listed for sale | $80,000$19/sqft |
Source: Fannie Mae #71135520 Report a problem | ||
| 10/22/2010 | Listing removed | $80,000$19/sqft |
Source: Christopher Mahoney #71135520 Report a problem | ||
| 9/13/2010 | Price change | $80,000-70.8%$19/sqft |
Source: Christopher Mahoney #71135520 Report a problem | ||
| 9/11/2010 | Listed for sale | -- |
Source: foreclosure.com Report a problem | ||
| 3/19/2010 | Sold | $274,084+40.6%$66/sqft |
Source: Public Record Report a problem | ||
| 11/5/2002 | Sold | $195,000$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,213 +12.9% | $459,900 +23.7% |
| 2024 | $5,505 +5.9% | $371,700 +14.6% |
| 2023 | $5,197 +4.6% | $324,400 +15% |
| 2022 | $4,968 +2.6% | $282,100 +10.8% |
| 2021 | $4,843 +6.5% | $254,500 +10.3% |
| 2020 | $4,549 +30.5% | $230,800 +35.6% |
| 2019 | $3,487 +10.5% | $170,200 +13.3% |
| 2018 | $3,156 +5.1% | $150,200 +7.5% |
| 2017 | $3,002 -0.1% | $139,700 -1.3% |
| 2016 | $3,006 +2.3% | $141,600 -0.3% |
| 2015 | $2,937 +1.6% | $142,000 -2.6% |
| 2014 | $2,891 +3.7% | $145,800 -0.3% |
| 2013 | $2,787 +18.2% | $146,300 +9.3% |
| 2012 | $2,358 -7.4% | $133,800 -14.9% |
| 2011 | $2,547 -10% | $157,200 -29.4% |
| 2009 | $2,830 +0.5% | $222,800 -7.1% |
| 2008 | $2,816 +0.7% | $239,700 -1.1% |
| 2007 | $2,796 +1% | $242,300 +5.6% |
| 2006 | $2,767 +7.2% | $229,400 +14.2% |
| 2005 | $2,582 +19.8% | $200,900 +28.8% |
| 2004 | $2,156 +27.7% | $156,000 +45.5% |
| 2003 | $1,688 +26.8% | $107,200 +43.5% |
| 2001 | $1,331 -2.3% | $74,700 -0.1% |
| 2000 | $1,362 +19.4% | $74,800 -1.1% |
| 1996 | $1,141 | $75,600 |
Find assessor info on the county website
Monthly payment
Est. payment
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Neighborhood: 01420
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