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Home Massachusetts Fitchburg Multi-Family Homes for Sale

748 Water St Fitchburg, MA 01420

Contingent

39 Photos

$550,000

3 Unit

6 Beds

3 Baths

4134 SQFT

0.26 Acre

748 Water St

Fitchburg, MA 01420

View Map

Property Description

Excellent opportunity for investors to acquire a three-family property with strong upside potential in a highly desirable location. Each unit offers a functional layout with two bedrooms, one bathroom, a living room, dining room, and kitchen. The third-floor unit is currently owner-occupied, providing flexibility for repositioning, future rental income, or an owner-occupant strategy. All units are very sunny and bright, creating attractive living spaces for tenants. This property is ideal for an investor looking to gain sweat equity, improve rents over time, and add value through updates. Located close to Route 2, Shopping and the rail trail, the property offers excellent commuter access and long-term rental demand. Property is being sold as is. A compelling value-add multi-family investment opportunity in a sought-after location. Showings only at Open Houses - Saturday 1/10/26 10am-1pm and Sunday 1/11/2026 10am - 1pm. ***Offer Deadline Monday 1/12 5pm***

Property Overview

Building Information

Total Units: 3
Total Floors: 3
Total Bedrooms: 6
Total Full Baths: 3
Basement Features: Full
Common Heating: Electric Baseboard, Oil, Radiant

Financial

APOD Available: No

Utilities

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: 2
Levels: 1

Unit 3 Description

Under Lease: No
Floors: 2
Levels: 1

Construction

Year Built: 1900
Type: 3 Family
Foundation Info: Concrete Block, Poured Concrete
Lead Paint: Unknown
Warranty: No

Other Information

MLS ID# 73466600
Last Updated: 01/13/26

Date	Event	Price	Price/Sq Ft	Source
01/12/2026	Active	$550,000	$133	MLSPIN
01/08/2026	New	$550,000	$133	MLSPIN

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View Breakdown

Map & Resources

St. Bernard Elementary School

Private School, Grades: PK-8

0.41mi

Caldwell Alternative School

School

0.44mi

St. Anthony School

School

0.48mi

St. Bernard's Central Catholic High School

Private School, Grades: 9-12

0.54mi

Goodrich Academy

Public Secondary School, Grades: 9-12

0.6mi

South Street Early Learning Center

Public Elementary School, Grades: PK-K

0.65mi

Notre Dame Preparatory High School

Private School, Grades: 9-12

0.91mi

Subway

Sandwich (Fast Food)

0.44mi

Preppy Pet

Pet Grooming

0.54mi

Campus Police

Police

1.14mi

Fitchburg Fire Department

Fire Station

0.41mi

Fitchburg Fire Department

Fire Station

0.99mi

iLoveKickboxing

Gym. Sports: Kickboxing

0.38mi

State Pool

Swimming Pool. Sports: Swimming

0.57mi

Saint Bernard's Activity Complex

Sports Centre

0.31mi

Crunch Fitness

Fitness Centre

0.77mi

Sadie Quatrale Park

Park

0.49mi

South Fitchburg Playground

Park

0.56mi

Bartley-Nolan Park

Park

0.58mi

Coggshall Park

Municipal Park

0.59mi

Goodrich Playground

Park

0.61mi

Brown Farm

Municipal Park

0.71mi

Laurel Bank Cons. Area

Municipal Park

0.79mi

Bird Sanctuary

Municipal Park

0.86mi

Magic Nails

Nails

0.36mi

Perfect Dental

Dentist

0.86mi

IC Federal Credit Union

Bank

0.29mi

Bank of America

Bank

0.84mi

Santander

Bank

0.85mi

Oriental

Bank

0.88mi

Digital Federal Credit Union

Bank

0.89mi

Sudzy Bubbles Laudromat

Laundry

0.86mi

Dollar Tree

Variety Store

0.38mi

Family Dollar

Variety Store

0.88mi

BP Shop

Convenience

0.82mi

Big Lots

Department Store

0.82mi

Rent-A-Center

Furniture

0.9mi

Water Street Plaza

Mall

0.85mi

Market Basket

Supermarket

0.88mi

Market Basket

Supermarket

0.9mi

Seller's Representative: Rebecca Koulalis, Redfin Corp.
MLS ID#: 73466600

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 2026-01-13 20:57:00