54 Days on market
500 Beech St Fitchburg — Photo 1 of 41

500 Beech St Fitchburg — Photo 1 of 41

$675,000

500 Beech St, Fitchburg, MA 01420

Fitchburg, MA 01420

Beds

9

Baths

6

SqFt

4,211

Style

4 Family

Built

1939

Excellent Investment Opportunity! Fully occupied 4-family property offering immediate rental income and a desirable unit mix. This well-maintained property features two 3-bedroom, 2-bath units, one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit, making it attractive to a wide range of tenants. Currently generating $6,400 per month in rental income, with separate utilities for each unit. Situated on a nice level lot with a paved driveway and ample off-street parking. Conveniently located near shopping, schools, parks, public transportation, and major highways, providing easy access for commuters and tenants alike. A solid addition to any investment portfolio with stable occupancy and immediate cash flow. Roof is 3 years old. 4 car garage in back is not part of this property. Rents are below market rents.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$160/sqft
Local Avg (Fitchburg)$185/sqft
14% BelowMarket Average

* Analysis is based on 17 actively listed and recently sold comparable properties strictly within Fitchburg, MA.

Property Details

Financials

Original Price$675,000
Annual Taxes$7,925

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms18
FireplacesNone
FlooringVaries
BasementFull

Climate & Utilities

HeatingNatural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
Roof--
FoundationStone, Other
ZoningRA

Property & Lot

Acres0.38
SqFt Lot16,426
Lot FeaturesLevel

Amenities & Appliances

Range

Neighborhood

Public Transportation • Park • Highway Access • Public School

Geography

Population

41,839

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$73K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

45.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,805 housing units permitted in the last 12 months (+1% vs the prior 12 months) — 1,007 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Paula Valente

Listing Office: Real Estate Exchange

MLS® Number: 73563587

Browse More Homes in Fitchburg

Explore other active listings in the area.