Multi-Family for Sale: 5-7 Mt. Vernon, Fitchburg, MA 01420

7 beds
5 full baths
3,414 sqft
$550,000
$550,000
5-7 Mt. Vernon, Fitchburg, MA 01420
7 beds
5 full baths
3,414 sqft
$550,000
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Price:
$550,000

Type Multi-Family
Beds 7
Total Baths 5 full baths
Square Feet 3,414 sqft
Lot Size 0.10 acres
Year Built 1900

City Fitchburg
County Worcester

MLS 73309769
Status Active
DOM 7 days
This investment property is a turnkey, 5-unit building near downtown Fitchburg. It is comprised of four one-bedroom apartments and one three-bedroom apartments. This building has seen capital improvements and cost-saving measures, including aluminum siding, several upgraded windows to a vinyl replacement, some unit renovations, partial roof replacement, foundation pointing, and electric water heater replacement. Two apartments will be conveyed vacant for a buyer to establish their rental income. This property is a perfect investment for someone looking for a stable building that can produce a solid return with its low operating expenses, as all tenants pay for their heat and electricity. An estimated proforma shows the ability to gross $66,000 in 2024. With the proper rental income and additional building improvements, this property will surely turn a profit for any investor.

Lot & Building Features

Appliances Range, Refrigerator
Construction Frame
Heating Electric, Natural Gas
Sewer Public Sewer
Tax Year 2024
Taxes Paid $6,356
Water Public
Foundation Brick/Mortar, Stone
Exterior Features Rain Gutters
Interior Features Kitchen, Living Room
Roof Shingle, Slate
Full Baths 5
Parking Driveway, Paved Drive, Off Street
Total Rooms 17
Basement Feature Concrete, Walk-Out Access, Full
Garage Spaces 0

Price History of 5-7 Mt. Vernon, Fitchburg, MA

Date Name Price Difference
11/05/2024 Listing Price $550,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$495,000
$149 / sqft
Average
$589,000
$171 / sqft
High
$670,000
$200 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Fitchburg 01420 7 5.0 $550,000 3,414 $161 N/A
36 Fairview St Fitchburg 01420 7 4.5 $580,000 3,594 $161 12/19/2023
34 Granite St Fitchburg 01420 8 4.0 $660,000 3,428 $193 01/10/2024
52-54 Mount Globe Street Fitchburg 01420 8 4.0 $540,000 3,558 $152 03/08/2024
178-180 Blossom St Fitchburg 01420 7 4.0 $495,000 3,320 $149 07/23/2024
47 School Street Fitchburg 01420 6 4.0 $670,000 3,350 $200 11/05/2024

Map of 5-7 Mt. Vernon, Fitchburg, MA

Location Map Street View
Photo of Linda Riha
Linda Riha
Assistant Manager/Assoc Broker
Direct: 603-819-1110
Office
185 Plaistow Road, Suite 1
Plaistow, NH 03865
603-382-0360 x10
Listed by Elm Grove Realty, LLC, Michelle Peterson
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5-7 Mt. Vernon (MLS #73309769) is a multi-family listing located in Fitchburg, MA. This multi-family listing is 3,414 sqft and on a lot of 4,399 sqft (or 0.10 acres) with 7 bedrooms, 5 baths and is 124 years old. This property was listed on 11/05/2024 and has been priced for sale at $550,000.

The 7 bedroom multi-family listing at 178-180 Blossom St in Fitchburg is nearby and sold for $495,000 on 07/23/2024. Another nearby 8 bedroom multi-family listing, 52-54 Mount Globe Street in Fitchburg sold for $540,000 on 03/08/2024.

Nearby zip codes are 01430, 01431, 01453, 01462 and 01473. This property neighbors other cities such as Ashburnham, Ashby, Leominster, Lunenburg and Westminster.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Elm Grove Realty, LLC

The property listing data and information 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 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 set forth herein.