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
For sale
Price cut: $9K (6/5)
$670,000
40 Edwards St, Fitchburg, MA 01420
8beds
2,508sqft
3 Family - 3 Units Up/Down
Built in 1905
-- sqft lot
$659,600 Zestimate®
$267/sqft
$-- HOA
What's special
Mini-split hvacGranite countertopsModern cabinetryStainless steel appliancesOff-street parkingExterior freshly paintedUpdated flooring
- 76 days |
- 140 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Edward Perez 603-498-4402,
Edward Perez 603-498-4402
Source: MLS PIN,MLS#: 73528118
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Heat Pump, Electric
Cooling
- Wall Unit(s), Heat Pump
Appliances
- Included: Range, Refrigerator
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Stone/Granite/Solid Counters, Upgraded Cabinets, Walk-In Closet(s), Bathroom With Tub & Shower, Smart Thermostat, Remodeled, Living Room, Kitchen, Laundry Room
- Flooring: Tile, Vinyl, Stone/Ceramic Tile
- Doors: Insulated Doors, Storm Door(s)
- Windows: Insulated Windows, Screens
- Basement: Full,Walk-Out Access,Interior Entry,Concrete,Slab
- Has fireplace: No
Interior area
- Total structure area: 2,508
- Total interior livable area: 2,508 sqft
- Finished area above ground: 2,508
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive, Off Street, Assigned, Paved
- Uncovered spaces: 6
Features
- Patio & porch: Covered
- Exterior features: Balcony/Deck
Lot
- Size: 5,036 Square Feet
- Features: Cleared
Details
- Additional structures: Shed(s)
- Parcel number: M:0076 B:0080 L:0,1505858
- Zoning: RC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Post & Beam, Cement Board
- Foundation: Stone, Granite
- Roof: Rubber
Condition
- Year built: 1905
Utilities & green energy
- Electric: 110 Volts, 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
Green energy
- Energy efficient items: Varies per Unit
Community & HOA
Community
- Features: Park
Location
- Region: Fitchburg
Financial & listing details
- Price per square foot: $267/sqft
- Tax assessed value: $405,000
- Annual tax amount: $5,472
- Date on market: 6/7/2026
- Listing terms: Contract
- Total actual rent: 5400
Estimated market value
$659,600
$627,000 - $693,000
$2,139/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Price change | $670,000-1.3%$267/sqft |
Source: MLS PIN #73528118 Report a problem | ||
| 6/2/2026 | Listed for sale | $679,000+42.9%$271/sqft |
Source: MLS PIN #73528118 Report a problem | ||
| 5/8/2025 | Sold | $475,000$189/sqft |
Source: MLS PIN #73354336 Report a problem | ||
| 4/5/2025 | Contingent | $475,000$189/sqft |
Source: MLS PIN #73354336 Report a problem | ||
| 4/3/2025 | Listed for sale | $475,000$189/sqft |
Source: MLS PIN #73354336 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,472 +11.1% | $405,000 +21.8% |
| 2024 | $4,924 +2.1% | $332,500 +10.4% |
| 2023 | $4,825 +12.2% | $301,200 +23.3% |
| 2022 | $4,300 +11% | $244,200 +19.9% |
| 2021 | $3,875 +11.9% | $203,600 +15.9% |
| 2020 | $3,463 +19.9% | $175,700 +24.6% |
| 2019 | $2,889 +10% | $141,000 +12.8% |
| 2018 | $2,626 +4.7% | $125,000 +7.1% |
| 2017 | $2,508 0% | $116,700 -1.3% |
| 2016 | $2,509 -2.5% | $118,200 -5% |
| 2015 | $2,573 +2.2% | $124,400 -2% |
| 2014 | $2,518 +3.5% | $127,000 -0.5% |
| 2013 | $2,433 +4.5% | $127,700 -3.4% |
| 2012 | $2,329 -7.5% | $132,200 -14.9% |
| 2011 | $2,517 +4.3% | $155,400 -18.3% |
| 2009 | $2,414 -0.6% | $190,100 -8% |
| 2008 | $2,429 +5.4% | $206,700 +3.5% |
| 2007 | $2,305 +4.8% | $199,700 +9.5% |
| 2006 | $2,200 +5% | $182,400 +11.8% |
| 2005 | $2,096 +20.3% | $163,100 +29.3% |
| 2004 | $1,743 +14.4% | $126,100 +30.4% |
| 2003 | $1,523 +10.4% | $96,700 +24.9% |
| 2001 | $1,379 -1.8% | $77,400 +0.4% |
| 2000 | $1,404 -1.2% | $77,100 -18.2% |
| 1996 | $1,421 | $94,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 01420
Nearby schools
GreatSchools rating
- 3/10Reingold Elementary SchoolGrades: 1-5Distance: 0.6 mi
- 4/10Memorial Middle SchoolGrades: 6-8Distance: 0.6 mi
- 2/10Fitchburg High SchoolGrades: 9-12Distance: 3.3 mi
- $--3 bd1 ba800 sqft40 Edwards St FLOOR 1, Fitchburg, MA 01420Off Market
- $--3 bd1 ba850 sqft40 Edwards St FLOOR 2, Fitchburg, MA 01420Off Market
- $546,5009 bd3 ba2.7k sqft38 Edwards St, Fitchburg, MA 01420Off Market
- $--3 bd1 ba900 sqft38 Edwards St #3, Fitchburg, MA 01420Off Market
- $--3 bd1 ba-- sqft38 Edwards St #2, Fitchburg, MA 01420Off Market
- $--2 bd1 ba-- sqft38 Edwards St #1, Fitchburg, MA 01420Off Market
- $485,6006 bd3 ba2.1k sqft133 Madison St, Fitchburg, MA 01420Off Market
- $351,6002 bd1 ba710 sqft133 Madison St FLOOR 1, Fitchburg, MA 01420Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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