44 Winter Street

44 Winter Street, Fitchburg, MA 01420

Property Information

  • For Sale $1,229,000
  • Property Type Multi-Family
  • Property Size 4,188 SF
  • Units 7
  • Lot Size 21,780 Acre
  • Year Built 1920
  • Year Renovated 2026
  • Date Updated Aug 13, 2026

Description

44 Winter Street sits in an established residential neighborhood within close proximity to downtown Fitchburg, offering tenants convenient access to local shops, restaurants, municipal services, and everyday amenities. The location draws from a stable, working-class rental base that has long characterized the Fitchburg market tenants who value accessibility and affordability in equal measure. The property is well-positioned within the city's core rental corridor, where consistent occupancy and steady demand make it a reliable performer for local investors. MBTA commuter rail access nearby adds an additional layer of tenant appeal for those commuting along the Route 2 corridor.7.10% CAP IN PLACE | ~8.00% PRO FORMA. Seven units, 100% occupied, no capital work needed.44 Winter Street delivers what most Fitchburg multifamily can't: current income at a 7.10% cap with no deferred maintenance waiting on the other side of closing. The property has been systematically reinvested in, and an incoming buyer inherits the benefit. Completed capital improvements include full electrical upgrade with individual panels and meters, heating system replacements in most units, a renovated laundry room, new garage roof and door, upgraded exterior egress and emergency lighting, and comprehensive landscaping. Most units are individually gas metered, with separation infrastructure already in place at the remainder requiring only final connection. Unit mix is six one-bedrooms and one two-bedroom. Five are fully renovated; the remaining two are in strong condition. In-place gross income is $121,200. Two units are tenant-at-will, giving a new owner the ability to take rents to market immediately rather than waiting on lease expirations. Fourteen off-street parking spaces, two per unit, on a large lot, plus a garage available for supplemental income. Parking at that ratio is genuinely scarce in this submarket and it shows up in both tenant retention and rent achievability. Turnkey and priced for an investor who wants an excellent addition to their portfolio.

Highlights

  • 14 off-street parking spaces (2 per unit)
  • 2 tenancy-at-will units with near-term rent upside
  • 5 of 7 units fully renovated
  • 7 units 6 one-bedroom, 1 two-bedroom
  • Additional garage with rental income potential
  • Extensive documented capital improvements (20212025)
  • Individual electrical panels and meters per unit
  • Laundry income in place
  • Majority of units individually gas metered
  • MBTA commuter rail access nearby
  • Walking distance to downtown Fitchburg

Contacts

Location

Located at 44 Winter Street, Fitchburg, MA 01420, this property is part of the East Fitchburg neighborhood and Worcester Springfield market.

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