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You are here:
Home Massachusetts Fitchburg Multi-Family Homes for Sale

475 Water St Fitchburg, MA 01420

$625,000
3 Unit
9 Beds
3 Baths
3507 SQFT
0.09 Acre
475 Water St
Fitchburg, MA 01420

Property Description

Discover an exceptional owner-occupant, or investor opportunity! This updated, 3-unit property is priced to move. The vacant first floor is fully renovated with new cabinets, granite counters, modern lighting, appliances, flooring, paint & blinds. The second floor features a reliable 15-year tenant, while the third floor was updated within the last few years with new cabinetry, appliances & tile work. Each of the three units offers 3 bedrooms, ensuring high rent potential. The building boasts 4-6 off-street parking spots and a durable slate roof in great condition. Situated in a prime location near local amenities & commuter routes. All utilities are separately metered & newer gas furnaces provide efficient heating. Similar properties are selling for 10% more, making this a smart investment. Don't miss this rare, income-generating gem with significant updates at a fantastic price.

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Medical Facility, Public School, Public Transportation, Shopping
  • Basement Features: Bulkhead, Concrete Floor, Dirt Floor, Full, Interior Access
  • Common Rooms: Family Room, Kitchen
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: No
  • Gross Operating Income: 35400
  • Net Operating Income: 35400

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Range
  • 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: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

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

Construction

  • Year Built: 1902
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Granite
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73461891
  • Last Updated: 12/18/25

Date Event Price Price/Sq Ft Source
12/18/2025Contingent$625,000$178MLSPIN
12/16/2025Active$625,000$178MLSPIN
12/12/2025New$625,000$178MLSPIN

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View Breakdown

Map & Resources

St. Anthony School

School

0.13mi

South Street Early Learning Center

Public Elementary School, Grades: PK-K

0.39mi

St. Bernard's Central Catholic High School

Private School, Grades: 9-12

0.42mi

St. Bernard Elementary School

Private School, Grades: PK-8

0.53mi

Goodrich Academy

Public Secondary School, Grades: 9-12

0.55mi

Notre Dame Preparatory High School

Private School, Grades: 9-12

0.56mi

Caldwell Alternative School

School

0.76mi

Fitchburg State University

University

0.79mi

Tryst Lounge

Bar

0.74mi

The Cellar

Bar

0.76mi

Subway

Sandwich (Fast Food)

0.7mi

Crown Fried Chicken

Chicken Restaurant

0.79mi

Preppy Pet

Pet Grooming

0.69mi

UMass Memorial HealthAlliance Hospital Burbank Campus

Hospital

1.77mi

Fitchburg Fire Department

Fire Station

0.64mi

Fitchburg Fire Department

Fire Station

0.69mi

Fitchburg Fire Department

Fire Station

1.73mi

Campus Police

Police

0.86mi

Fitchburg Police Station

Local Police

0.94mi

Office Of The Sheriff Worcester County

Police

1.57mi

Cinema World

Cinema

1.11mi

Fitchburg Art Museum

Museum

1.17mi

Crunch Fitness

Fitness Centre

0.46mi

Surfside Pool Company

Swimming Pool

0.78mi

Imperial Steel Pools Authorized Dealer

Swimming Pool

0.8mi

State Pool

Swimming Pool. Sports: Swimming

0.87mi

Saint Bernard's Activity Complex

Sports Centre

0.48mi

Nikitas Field

Sports Centre. Sports: American Football

1.16mi

J. Robert Crowley Swimming Complex

Sports Centre. Sports: Swimming

1.31mi

iLoveKickboxing

Gym. Sports: Kickboxing

0.67mi

Sadie Quatrale Park

Park

0.17mi

Bartley-Nolan Park

Park

0.22mi

Goodrich Playground

Park

0.53mi

Coggshall Park

Municipal Park

0.55mi

Heritage Park

Park

0.66mi

Riverfront Park

Municipal Park

0.72mi

Green Corners Park

Park

0.78mi

Howarth Park

Park

0.84mi

Santander

Bank

0.51mi

IC Federal Credit Union

Bank

0.56mi

Webster First Federal Credit Union

Bank

0.75mi

TD Bank

Bank

0.83mi

Bank of America

Bank

0.88mi

Oriental

Bank

0.9mi

Digital Federal Credit Union

Bank

0.94mi

Enterprise Bank

Bank

1.01mi

Water Street Plaza

Mall

0.51mi

Walgreens

Pharmacy

1.01mi

CVS Pharmacy

Pharmacy

1.08mi

CVS Pharmacy

Pharmacy

1.26mi

Rent-A-Center

Furniture

0.91mi

Big Lots

Department Store

0.84mi

Market Basket

Supermarket

0.56mi

Market Basket

Supermarket

0.91mi

Seller's Representative: John Snyder, Redfin Corp.
MLS ID#: 73461891

© 2025 MLS Property Information Network, Inc.. All rights reserved.

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.

MLS PIN data last updated at 2025-12-18 13:28:00

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