151 Mechanic Street Fitchburg — Photo 1 of 35
$560,000
Investment Analysis — 151 Mechanic Street
Fitchburg, MA 01420
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 3-unit multi-family in 01420 carries an estimated $4,646/mo in gross rent — about a 6.41% cap rate and $35,872/yr in estimated NOI at the $560,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
4
SqFt
2,680
Style
3 Family
Built
1830
Well-maintained brick three-family offering a great combination of space, flexibility, and convenience. The property features a spacious 3-bedroom unit, 2-bedroom unit, and 1-bedroom unit, with separate gas heat, hot water, and electric for each apartment. The first-floor unit is currently vacant, while the other two units are occupied, providing flexibility for an owner-occupant or investor. Additional features include off-street parking, coin-operated laundry, and a private side yard. Conveniently located near the MBTA commuter rail, shopping, schools, restaurants, and major routes, making access around the area easy. A solid opportunity to own a well-positioned three-family with multiple possibilities for its next owner.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range
Neighborhood
Public Transportation • Shopping • Highway Access
Geography
Property History
$560,000
Sep 17, 2026
MLS® 73578883
$560,000
Jun 29, 2026
MLS® 73490207
$560,000
Mar 23, 2026
MLS® 73490207
$560,000
Mar 2, 2026
MLS® 73457899
$560,000
Nov 26, 2025
MLS® 73457899
Listing Agent: Derrick Asante
Listing Office: Century 21 XSELL REALTY
MLS® Number: 73578883