40 Edwards St, Fitchburg, MA 01420
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$670,000
3 Unit
8 Beds
3 Baths
2508 SQFT
0.12 Acre

Property Description

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

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Amenities: Park
  • Basement Features: Concrete Floor, Full, Interior Access, Slab, Walk Out
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Stone/Granite/Solid Counters, Tile Floor, Upgraded Cabinets
  • Common Appliances: Range, Refrigerator, Washer Hookup
  • Common Heating: Common, Electric, Forced Air, Forced Air, Heat Pump, Oil, Space Heater, Steam
  • Common Cooling: Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 64800
  • Net Operating Income: 64800

Utilities

  • Heat Zones: 7
  • Cooling Zones: 6
  • Electric Info: 110 Volts, 220 Volts, At Street, On-Site
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors
  • Utility Connections: Varies per Unit, Washer Hookup, for Electric Dryer, for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Cement Board, Post & Beam, Stucco
  • Foundation Info: Fieldstone, Granite
  • Roof Material: Rubber
  • Flooring Type: Tile, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73528118
  • Last Updated: 06/05/26
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/05/2026Price Change$670,000$267MLSPIN
06/02/2026New$679,000$271MLSPIN
05/09/2025Sold$475,000$189MLSPIN
04/19/2025Under Agreement$475,000$189MLSPIN
04/05/2025Contingent$475,000$189MLSPIN
04/03/2025New$475,000$189MLSPIN

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Seller's Representative: Edward Perez, Edward Perez
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 2026-06-05 09:36:00

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