$600,000
SOLD JUN 10, 2025

340 & Lot0 Fairmount St Fitchburg, MA 01420

Cleghorn Neighborhood
8 Beds
3 Baths
3,494 Sq Ft
0.34 Acres

Recently Sold

$172 Per Sq Ft

16 Days on Market

Highlights

  • Golf Course Community
  • Granite Flooring
  • Deck
  • Medical Services
  • Open Floorplan
  • Property is near public transit

About This Home

As of June 2025

Oversized, Turn-Key 3-family property, Featuring Letters of Compliance/De-Lead Certs, offers spacious units with 3 Bedrooms on each of the First & Second-floor units, and a Large Open Concept 2 bedroom on the Third floor. Renovated in 2012 with Large Updates since then; including a New Roof (2018), Water Heaters (2018-2023), Newer Furnaces, and New Laundry Coin-Op (2023). Separately Metered Gas & Electricity for each Unit, Newer Electrical Circuit Panels w/Separate Common Area Panel. Hardwood Floors and Tile throughout. 2 Lots with this sale. Lot 0 is listed as "Potentially Buildable" is also a fantastic cleared Green space for Tenants to enjoy being outdoors. Plenty of Off Street Parking with Paved Driveway. The basement has EMPTY storage areas for more Potential Income. All units TAW, Income 58,500 Gross Yearly. Included Floor Plans, & 3D Matterport Tour of 2 Units

Last Agent to Sell the Property

Dylan MacLean

Foster-Healey Real Estate Listed on: 04/02/2025

Last Buyer's Agent

Dannyelly Maraschi

New Boston Real Estate Services, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,835

Year Built

  • Built in 1935

Lot Details

  • 0.34 Acre Lot
  • Near Conservation Area
  • Stone Wall
  • Irregular Lot
  • Steep Slope
  • Garden

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,494 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Window Screens
  • Mud Room
  • Living Room
  • Dining Room
  • Storage
  • Electric Dryer Hookup
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Flooring

  • Wood
  • Granite
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Parking

  • 5 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Reingold Elementary School
  • Memorial Middle School
  • Fitchburg High School

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $5,000
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:0062 B:0040 L:0

Community Details

Overview

  • 3 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $987
  • Insurance Expense $3,500
  • Water Sewer Expense $1,412
  • Operating Expense $14,516
  • Net Operating Income $46,384

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,835

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1935
  • Levels: 3
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Hardwood
  • Interior Amenities: Storage, Laundry Room, Ceiling Fan(s), Pantry, Lead Certification Available, Bathroom With Tub & Shower, Remodeled, Open Floorplan, Living Room, Dining Room, Kitchen, Mudroom
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Electric Dryer Hookup
  • Basement: Full, Unfinished
  • Above Grade Finished Sq Ft: 3494
  • Living Area: 3494
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Screens
  • MAIN LO: H10900
  • LIST PRICE PER Sq Ft: 171.69
  • PRICE PER Sq Ft: 171.72
  • MAIN SO: AC0529

Exterior Features

  • Exterior Features: Rain Gutters, Garden, Stone Wall
  • Construction Materials: Frame
  • Foundation Details: Granite, Irregular, Other
  • Frontage Length: 160
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Roof, Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer
  • Cooling: None
  • Heating: None, Baseboard, Natural Gas, Individual, Electric, Wall Unit
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service, Common, Individually Metered
  • Heating YN: No
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Tank, Varies Per Unit

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1412

Lot Info

  • Parcel Number: M:0062 B:0040 L:0
  • Zoning: RC
  • Farm Land Area Units: Square Feet
  • Lot Features: Steep Slope
  • Lot Size Acres: 0.34
  • Lot Size Area: 0.34
  • Lot Size Sq Ft: 14720
  • Lot Size Units: Acres
  • PAGE: 142

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 6834.71
  • Tax Book Number: 10441

Multi Family

  • Electric Expense: 987
  • Gross Income: 60900
  • Insurance Expense: 3500
  • Net Operating Income: 46384
  • Number Of Units Total: 3
  • Operating Expense: 14516
  • Total Actual Rent: 5000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

MLS Schools

  • High School: Fitchburg
  • Elementary School: Reingold
  • Middle Or Junior School: Memorial

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Sold $600,000 0.0% $172 / Sq Ft
04/18/2025 04/18/25 Pending -- -- --
04/02/2025 04/02/25 For Sale $599,900 -- $172 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73353857

MLS Property Information Network (MLS PIN)