318 Charles Street, Fitchburg, MA 01420
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$475,000
3 Unit
5 Beds
3 Baths
2378 SQFT
0.11 Acre

Property Description

Attention Investors! 318 Charles Street is a 3 family property offering strong rental potential on a dead end street. Two of the units — both 1 bed, 1 bath and located on the first level — are beautifully refreshed and move-in ready. Both are freshly painted with brand-new stainless steel range ovens. The third unit features 3 bedrooms and 1 full bath, offering even more income potential. Whether you’re looking to live in one unit and rent the others, or lease all three, this is a great opportunity for owner occupants and investors alike. Includes a detached one two car garage. Located close to Fitchburg State University, commuter rail, downtown shops, restaurants, and Route 2 for easy access, this property is positioned well for consistent tenant demand and long-term value.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Park, Public School, Public Transportation, Shopping, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Appliances: Range
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Heat Pump, Space Heater

Financial

  • APOD Available: No
  • Gross Operating Income: 10560
  • Net Operating Income: 10560

Utilities

  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Flooring Type: Laminate, Vinyl, Vinyl / VCT, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73385898
  • Last Updated: 06/06/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/04/2025New$475,000$200MLSPIN

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Seller's Representative: VIP Group, Moor Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-06 15:54:00

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