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Price Drop: $95K (10/03)
Street View
$525,000
Monthly Est:$2,613
9 Beds
3 Baths3 full baths
3,591sqft
142 Madison St, Fitchburg, MA 01420
$525,000
$2,613/moEst:
Get Pre-Approved
Triplex
Built in 1920
$-- HOA
0.16 acre lot
$146/sq.ft
Description
PRICE REDUCED TO $525,000! — 3-FAMILY INVESTMENT WITH ROOM TO GROW-Now offered at $525,000! Here is the opportunity investors and owner-occupants have been waiting for in revitalizing Fitchburg, Massachusetts.142 Madison Street is a 3-family, 3-story property with three spacious 3-bedroom units, making it an excellent choice for an investor looking to build rental income or an owner-occupant who wants to have tenants help pay the mortgage.The property does need some **TLC**, but that is where the opportunity begins. With an estimated after-repair value of approximately $640,000, a new owner has the chance to improve the property, increase its value, and build equity over time. The vacant unit creates a great house-hacking opportunity. Live in one unit while the rental income from the other units helps offset your housing costs. An investor can also take advantage of the rental demand in this area and improve the units over time. Fitchburg continues to see new investment, redevelopment, and revitalization, making location an important part of this opportunity. The property is convenient to Fitchburg State University, shopping, schools, medical services, restaurants, Route 2, and public transportation. The Fitchburg MBTA station provides commuter rail service toward Boston, adding another benefit for renters and commuters.This is not a property where you are paying top dollar for a fully renovated building. You are buying the opportunity to create value. The building itself is solid, but still needs updating and some repairs.The price has been significantly reduced to $525,000. Bring your ideas, your contractor, and your numbers—and see what you can create here.Buyer and buyer's agent to verify all information, including rental potential, expenses, zoning, permitted use, building condition, and estimated after-repair value.
- Houzeo last checked: 0 minutes ago
- Listing updated: October 3, 2026 at 11:56 pm
- Listing Provided by: Rosemarie Ledogar (351) 213-1609 | R. D. Ledogar Real Estate (978) 830-0035
- Source: MLS Property Information Network-MA | MLS#: 73551957
Part of
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1920
HOA Fees
-
Finished Area
3,591 sqft
Lot Size
0.16 acre lot
Basement Area
- sqft
MLS Name
MLS Property Information Network
MLS Number
73551957
MLS Status
Contingent
Days on Market
83
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 3
Interior
Exterior Features
Garden
Appliances
Refrigerator, Range
Sewer
Public Sewer
Flooring
Wood, Vinyl
Cooling
None
Window Features
Insulated Windows, Storm Window(s)
Heating
Central, Individual
Interior Features
Bathroom With Tub, Living Room, Kitchen
Construction
Year Built
Year Built: 1920
Home type
Triplex
Construction Materials
Frame
Foundation Details
Concrete Perimeter, Stone
Roof
Tar/gravel
Utilities & Energy
Utilities
For Gas Range, For Gas Oven, For Electric Dryer, Washer Hookup
Electric
110 Volts, Circuit Breakers, Individually Metered, Knob & Tube Wiring
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement
Full, Concrete
Water Source
Public, Individual Meter
Parking Features
Paved Drive, Off Street, Tandem, Paved
Other Features
Patio And Porch Features
Porch, Enclosed, Deck, Covered
Disclosures
Units 1 And 2 Are Tenant Occupied. Management Company Notifies The Tenants. 48 Hour Notice Required. Seller Has Never Occupied The Building.
Community Features
Public Transportation, Shopping, Park, Walk/jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House Of Worship, Private School, Public School, T Station, University, Sidewalks
Price History
| Date | Event | Price |
|---|---|---|
10/03/2026 Source: | Contingent (Active Under Contract) | $525,000 $146/sqft |
10/03/2026 Source: | Pending | $525,000 +0.96% $146/sqft |
09/28/2026 Source: | Price Decreased | $520,000 -0.95% $145/sqft |
09/19/2026 Source: | Price Decreased | $525,000 -15.32% $146/sqft |
07/19/2026 Source: | Listed for Sale | $620,000 $173/sqft |
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Based on information provided to and compiled by MLS Property Information Network, Inc. covering through Oct 11, 2026, 12:15AM. The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. © 2026 MLS Property Information Network, Inc. All Rights Reserved.
Advertising Broker: Derek Greene | The Greene Realty Group