28 Institute St Fitchburg — Photo 1 of 23
Recent Drop: $9,100
$489,900
Investment Analysis — 28 Institute St
Fitchburg, MA 01420
Based on rent reported on the MLS listing, a 2-unit multi-family in 01420 carries $4,350/mo in gross rent — about a 6.92% cap rate and $33,884/yr in estimated NOI at the $489,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
2,152
Style
2 Family - 2 Units Up/Down
Built
1880
**Motivated Seller — Relocating Out of State!** Turnkey, move-in-ready, well cared for 2-family home situated on a quiet residential street in desirable West Fitchburg. Ideal for owner-occupants, investors, or anyone looking to offset their mortgage with rental income. Unit 1 is vacant with 2 bedrooms, 1 bath, and basement laundry. Unit 2 (tenant at will) offers 3 bedrooms, 1 bath, and second-floor laundry. Features include private balconies/newer porch, backyard with fire pit, central heat (could easily upgrade to central air) updated electrical and seller-owned solar panels that convey with the property—no solar lease! Ample off-street parking, driveway, detached garage, and additional parking across the street. Conveniently located near the T, Fitchburg State University, and major commuter routes. Move right in! this property is ready 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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$489,900
Was $499,000
Sep 20, 2026
MLS® 73565986
$499,000
Aug 20, 2026
MLS® 73565986
Listing Agent: Gabrielle Aguiar
Listing Office: eXp Realty LLC - Corporate Office
MLS® Number: 73565986