28 Institute St, Fitchburg, MA 01420
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$499,000
2 Unit
5 Beds
2 Baths
2152 SQFT
0.00 Acre

Property Description

An incredible opportunity for owner-occupants, investors, or buyers looking to offset their mortgage with rental income! Located on a quiet street in desirable West Fitchburg, this modern, renovated 2-family offers flexible living, modern comforts, and strong rental-income potential. Unit 1 is currently VACANT, making this an ideal opportunity for an owner-occupant ready to move in or an investor who wants the flexibility to select their own tenant. Unit 1 features 2 bedrooms, 1 full bath, and convenient laundry in the basement. Unit 2 offers 3 bedrooms, 1 full bath, and its own second-floor laundry. A walk-up attic features a finished bonus room with additional space and future potential. Enjoy separate private balconies from the newer porch, plus a backyard featuring a fire pit area and its own apple tree—perfect for relaxing, entertaining, and enjoying the outdoors. Additional updates include a central heating system and updated electrical. Seller-owned solar panels will convey to the new owner, providing the added benefit of significant electricity savings with no solar lease! The property also features ample off-street parking with its own driveway, a detached garage ideal for sheltered parking or extra storage.additional parking across the street. Conveniently located just 5 minutes from the T, near Fitchburg State University, and with easy access to major commuter routes. Whether you're an investor seeking a turnkey property or a buyer hoping to live in one unit while renting the other, this West Fitchburg two-family is an opportunity you won't want to miss! First showings at Open House.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Basement Features: Full

Financial

  • APOD Available: No
  • Gross Operating Income: 52200
  • Net Operating Income: 52200

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

  • Included in Rent: Electric, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1880
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Fieldstone
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73565986
  • Last Updated: 08/24/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/24/2026Active$499,000$232MLSPIN
08/20/2026New$499,000$232MLSPIN
08/02/2024Expired$489,900$233MLSPIN
06/25/2024Temporarily Withdrawn$489,900$233MLSPIN
06/24/2024Active$489,900$233MLSPIN
06/20/2024Back on Market$489,900$233MLSPIN
06/15/2024Contingent$489,900$233MLSPIN
06/03/2024Active$489,900$233MLSPIN
05/30/2024New$489,900$233MLSPIN

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Seller's Representative: Gabrielle Aguiar, eXp Realty LLC - Corporate Office
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 2026-08-24 03:05:00

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