387 Water St Fitchburg, MA 01420
Estimated payment $4,479/month
Total Views
4,019
10
Beds
4.5
Baths
4,959
Sq Ft
$139
Price per Sq Ft
Highlights
- Wood Flooring
- Enclosed patio or porch
- 3 Car Garage
- Corner Lot
- Storm Windows
- 1-minute walk to Sadie Quatrale Park
About This Home
PRIME OPPORTUNITY: MULTI-FAMILY HOME IN FITCHBURG! Attention investors, entrepreneurs, and first-time buyers! This remarkable 3-family property offers endless possibilities. Nestled in a vibrant area with excellent street frontage, this multi-use gem includes an in-law suite and versatile space, making it a truly rare find. Property Highlights: Residential Potential: Three spacious units with a total of 15 rooms, 10 bedrooms, and 4.5 baths. Perfect for maximizing rental income or owner occupancy. Flexible Tenancies: All units are tenant-at-will, giving you the freedom to adapt as needed. Opportunities like this don’t come around often!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,090
Year Built
- Built in 1900
Lot Details
- 4,983 Sq Ft Lot
- Corner Lot
Parking
- 3 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Frame Construction
- Shingle Roof
- Rubber Roof
Interior Spaces
- 4,959 Sq Ft Home
- Property has 1 Level
- Storm Windows
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Additional Features
- Enclosed patio or porch
- 110 Volts
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number M:0082 B:0091 L:0,1506417
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $81 | $598,800 | $86,000 | $512,800 |
| 2024 | $7,752 | $523,400 | $51,100 | $472,300 |
| 2023 | $6,208 | $387,500 | $39,200 | $348,300 |
| 2022 | $6,019 | $341,800 | $34,400 | $307,400 |
| 2021 | $5,387 | $283,100 | $26,100 | $257,000 |
| 2020 | $5,046 | $256,000 | $21,400 | $234,600 |
| 2019 | $3,511 | $191,100 | $29,700 | $161,400 |
| 2018 | $0 | $163,600 | $27,300 | $136,300 |
| 2017 | $0 | $148,800 | $24,900 | $123,900 |
| 2016 | -- | $150,900 | $24,900 | $126,000 |
| 2015 | -- | $159,300 | $26,100 | $133,200 |
| 2014 | -- | $163,500 | $26,100 | $137,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Pending | -- | -- | -- |
| 06/16/2025 06/16/25 | For Sale | $689,000 | +16.8% | $139 / Sq Ft |
| 10/25/2022 10/25/22 | Sold | $590,000 | +0.2% | $119 / Sq Ft |
| 09/25/2022 09/25/22 | Pending | -- | -- | -- |
| 09/17/2022 09/17/22 | Price Changed | $589,000 | -1.7% | $119 / Sq Ft |
| 09/12/2022 09/12/22 | For Sale | $599,000 | 0.0% | $121 / Sq Ft |
| 09/06/2022 09/06/22 | Pending | -- | -- | -- |
| 08/12/2022 08/12/22 | For Sale | $599,000 | 0.0% | $121 / Sq Ft |
| 07/09/2022 07/09/22 | Pending | -- | -- | -- |
| 06/27/2022 06/27/22 | Price Changed | $599,000 | -14.3% | $121 / Sq Ft |
| 06/04/2022 06/04/22 | For Sale | $699,000 | +81.6% | $141 / Sq Ft |
| 10/20/2020 10/20/20 | Sold | $385,000 | -14.4% | $78 / Sq Ft |
| 09/23/2020 09/23/20 | Pending | -- | -- | -- |
| 09/15/2020 09/15/20 | For Sale | $450,000 | -- | $91 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $590,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $579,211 | FHA | |
| Previous Owner | $308,000 | New Conventional | |
| Previous Owner | $250,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $30,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $170,000 | New Conventional |
Source: Public Records
Similar Homes in Fitchburg, MA
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73391697
APN: FITC-000082-000091
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