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For sale
  • $499,000

    28 Institute St, Fitchburg, MA 01420

    5beds
    2,152sqft
    2 Family - 2 Units Up/Down
    Built in 1880
    -- sqft lot
    $496,900 Zestimate®
    $232/sqft
    $-- HOA

    What's special

    Central heating systemFlexible livingUpdated electricalModern comforts
    An incredible opportunity for owner-occupants, investors, or buyers looking to offset their mortgage with rental income! Located on a quiet street in desirable West Fitchburg, this modern, renovated 2-family offers flexible living, modern comforts, and strong rental-income potential. Unit 1 is currently VACANT, making this an ideal opportunity for an owner-occupant ready to move in or an investor who wants the flexibility to select their own tenant. Unit 1 features 2 bedrooms, 1 full bath, and convenient laundry in the basement. Unit 2 offers 3 bedrooms, 1 full bath, and its own second-floor laundry. A walk-up attic features a finished bonus room with additional space and future potential. Enjoy separate private balconies from the newer porch, plus a backyard featuring a fire pit area and its own apple tree—perfect for relaxing, entertaining, and enjoying the outdoors. Additional updates include a central heating system and updated electrical. Seller-owned solar panels will convey to the new owner, providing the added benefit of significant electricity savings with no solar lease! The property also features ample off-street parking with its own driveway, a detached garage ideal for sheltered parking or extra storage.additional parking across the street. Conveniently located just 5 minutes from the T, near Fitchburg State University, and with easy access to major commuter routes. Whether you're an investor seeking a turnkey property or a buyer hoping to live in one unit while renting the other, this West Fitchburg two-family is an opportunity you won't want to miss! First showings at Open House.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Gabrielle Aguiar 786-502-6617,

    eXp Realty LLC - Corporate Office 888-854-7493

    Source: MLS PIN,MLS#: 73565986

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Features
      • Basement: Full
      • Has fireplace: No
      Interior area
      • Total structure area: 2,152
      • Total interior livable area: 2,152 sqft
      • Finished area above ground: 2,152

      Property

      Parking
      • Total spaces: 5
      • Parking features: Paved Drive
      • Garage spaces: 1
      • Uncovered spaces: 4
      Lot
      • Size: 0 Square Feet
      Details
      • Parcel number: 1511677
      • Zoning: RB

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 2 Family - 2 Units Up/Down
      Materials
      • Foundation: Stone
      Condition
      • Year built: 1880

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Fitchburg

      Financial & listing details

      • Price per square foot: $232/sqft
      • Tax assessed value: $435,500
      • Annual tax amount: $5,788
      • Date on market: 8/20/2026
      • Total actual rent: 4350

        Estimated market value

        $496,900

        $472,000 - $522,000

        $2,359/mo

        Price history

        DateEventPrice
        8/20/2026Listed for sale$499,000+1.9%$232/sqft
        Source: MLS PIN #73565986 Report a problem
        6/25/2024Listing removed$489,900$228/sqft
        Source: MLS PIN #73244553 Report a problem
        6/20/2024Listed for sale$489,900$228/sqft
        Source: MLS PIN #73244553 Report a problem
        6/15/2024Contingent$489,900$228/sqft
        Source: MLS PIN #73244553 Report a problem
        5/30/2024Listed for sale$489,900+42%$228/sqft
        Source: MLS PIN #73244553 Report a problem
        3/9/2022Sold$345,000+11.3%$160/sqft
        Source: MLS PIN #72933213 Report a problem
        1/16/2022Contingent$309,900$144/sqft
        Source: MLS PIN #72933213 Report a problem
        1/12/2022Listed for sale$309,900+150.9%$144/sqft
        Source: MLS PIN #72933213 Report a problem
        5/24/2017Sold$123,500-11.7%$57/sqft
        Source: Public Record Report a problem
        4/21/2017Pending sale$139,900$65/sqft
        Source: Keller Williams Realty North Central #72062592 Report a problem
        9/6/2016Listed for sale$139,900+7.6%$65/sqft
        Source: Keller Williams Realty North Central #72062592 Report a problem
        7/20/2015Listing removed$130,000$60/sqft
        Source: StartPoint Realty #71803936 Report a problem
        4/10/2015Price change$130,000-3.7%$60/sqft
        Source: StartPoint Realty #71803936 Report a problem
        3/20/2015Listed for sale$135,000$63/sqft
        Source: StartPoint Realty #71803936 Report a problem
        12/20/2012Listing removed$135,000$63/sqft
        Source: StartPoint Realty #71339313 Report a problem
        2/16/2012Listed for sale$135,000+5.5%$63/sqft
        Source: StartPoint Realty #71339313 Report a problem
        6/4/2002Sold$128,000+80.3%$59/sqft
        Source: Public Record Report a problem
        12/30/1997Sold$71,000$33/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,611 +23.3%$415,300 +35.2%
        2024$4,550 +4.2%$307,200 +12.7%
        2023$4,365 +14.5%$272,500 +25.9%
        2022$3,811 +7.6%$216,400 +16.2%
        2021$3,543 +6.2%$186,200 +10%
        2020$3,335 +5.8%$169,200 +9.9%
        2019$3,153 +5.9%$153,900 +8.6%
        2018$2,977 +7.1%$141,700 +9.6%
        2017$2,779 +5.4%$129,300 +4.1%
        2016$2,637 +7.4%$124,200 +4.6%
        2015$2,455 +4.3%$118,700
        2014$2,354 +0%$118,700 -3.9%
        2013$2,353 +1.5%$123,500 -6.2%
        2012$2,319 +1.6%$131,600 -6.6%
        2011$2,283 -11.5%$140,900 -30.7%
        2009$2,581 +4.4%$203,200 -3.5%
        2008$2,473 +9.6%$210,500 +7.7%
        2007$2,256 +3.2%$195,500 +7.8%
        2006$2,186 +13.3%$181,300 +20.7%
        2005$1,930 +5.2%$150,200 +13.2%
        2004$1,834 +10%$132,700 +25.3%
        2003$1,668 +9.1%$105,900 +23.4%
        2001$1,529 +7.4%$85,800 +9.7%
        2000$1,424 +7.7%$78,200 -10.7%
        1996$1,322 $87,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 01420

        Getting around

        13 / 100
        Car-Dependent
        16 / 100
        Minimal Transit
        6 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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