Sold for $720,000

$720,000

387 Water St, Fitchburg, MA 01420

10beds

4,959sqft

3 Family

Built in 1900

-- sqft lot

$733,400 Zestimate^®

$145/sqft

$2,132 Estimated rent

Home value

$733,400

$667,000 - $799,000

$2,132/mo

Zestimate^® history

Owner options

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$2,132/mo

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$2,132/mo

Rent Zestimate^®

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$4,613/mo

Est. payment

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$4,613/mo

Est. payment

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What's special

In-law suiteVersatile spaceExcellent street frontageThree spacious units

PRIME OPPORTUNITY: MULTI-FAMILY HOME IN FITCHBURG! Attention investors, entrepreneurs, and first-time buyers! This remarkable 3-family property offers endless possibilities. Nestled in a vibrant area with excellent street frontage, this multi-use gem includes an in-law suite and versatile space, making it a truly rare find. Property Highlights: Residential Potential: Three spacious units with a total of 15 rooms, 10 bedrooms, and 4.5 baths. Perfect for maximizing rental income or owner occupancy. Flexible Tenancies: All units are tenant-at-will, giving you the freedom to adapt as needed. Opportunities like this don’t come around often!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 5
Full bathrooms: 4
1/2 bathrooms: 1

Features

Flooring: Wood, Tile, Hardwood
Windows: Storm Window(s)
Basement: Full,Walk-Out Access,Concrete
Has fireplace: No

Interior area

Total structure area: 4,959
Total interior livable area: 4,959 sqft
Finished area above ground: 4,959

Property

Parking

Total spaces: 7
Parking features: Paved Drive, Off Street, Paved
Garage spaces: 3
Uncovered spaces: 4

Features

Patio & porch: Enclosed

Lot

Size: 4,983 Square Feet
Features: Corner Lot

Details

Parcel number: M:0082 B:0091 L:0,1506417
Zoning: NB

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Frame
Foundation: Other
Roof: Shingle,Rubber

Condition

Year built: 1900

Utilities & green energy

Electric: 110 Volts
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Gas Oven

Community & HOA

Community

Features: Sidewalks

Location

Region: Fitchburg

Financial & listing details

Price per square foot: $145/sqft
Tax assessed value: $598,800
Annual tax amount: $8,090
Date on market: 1/12/2026
Total actual rent: 0
Road surface type: Paved

Price history

Date	Event	Price
7/31/2025	Sold	$720,000+4.5%$145/sqft
Source: MLS PIN #73391697 Report a problem
6/16/2025	Listed for sale	$689,000+16.8%$139/sqft
Source: MLS PIN #73391697 Report a problem
10/25/2022	Sold	$590,000+0.2%$119/sqft
Source: MLS PIN #72992400 Report a problem
9/25/2022	Contingent	$589,000$119/sqft
Source: MLS PIN #72992400 Report a problem
9/17/2022	Price change	$589,000-1.7%$119/sqft
Source: MLS PIN #72992400 Report a problem
9/12/2022	Listed for sale	$599,000$121/sqft
Source: MLS PIN #72992400 Report a problem
9/7/2022	Contingent	$599,000$121/sqft
Source: MLS PIN #72992400 Report a problem
8/12/2022	Listed for sale	$599,000$121/sqft
Source: MLS PIN #72992400 Report a problem
7/11/2022	Contingent	$599,000$121/sqft
Source: MLS PIN #72992400 Report a problem
6/27/2022	Price change	$599,000-14.3%$121/sqft
Source: MLS PIN #72992400 Report a problem
6/4/2022	Listed for sale	$699,000+86.4%$141/sqft
Source: MLS PIN #72992400 Report a problem
10/20/2020	Sold	$375,000-16.7%$76/sqft
Source: Public Record Report a problem
9/16/2020	Listed for sale	$450,000+125%$91/sqft
Source: RSC Global Realty #72726816 Report a problem
5/17/2019	Sold	$200,000-9%$40/sqft
Source: Public Record Report a problem
12/30/2018	Listing removed	$219,900$44/sqft
Source: Champa Realty, Inc. #72435360 Report a problem
12/29/2018	Listed for sale	$219,900$44/sqft
Source: Champa Realty, Inc. #72435360 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,090 +4.4%	$598,800 +14.4%
2024	$7,752 +24.9%	$523,400 +35.1%
2023	$6,208 +3.1%	$387,500 +13.4%
2022	$6,019 +11.7%	$341,800 +20.7%
2021	$5,387 +6.8%	$283,100 +10.6%
2020	$5,046	$256,000 +34%
2019	--	$191,100 +16.8%
2018	--	$163,600 +9.9%
2017	--	$148,800 -1.4%
2016	--	$150,900 -5.3%
2015	--	$159,300 -33.3%
2011	--	$238,900 -18%
2009	--	$291,400 -5.7%
2008	--	$309,000 +7.3%
2007	--	$287,900 +20.1%
2006	--	$239,800 +18%
2005	--	$203,300 +29.1%
2004	--	$157,500 +23.1%
2003	--	$127,900 +17.7%
2001	$1,937	$108,700 -2.7%
2000	--	$111,700 -21.2%
1996	$2,140	$141,800