28 Institute St, Fitchburg, MA, 01420
Photo 2

$499,000

Active

28 Institute St

Fitchburg, MA 01420

5Beds
2Baths
2,152Sq Ft
Built 18802 Family - 2 Units Up/Down05 Parking2 Stories21 Days on Market

An incredible opportunity for owner-occupants, investors, or buyers looking to offset their mortgage with rental income! Located on a quiet street in desirable West Fitchburg, this modern, renovated 2-family offers flexible living, modern comforts, and strong rental-income potential. Unit 1 is currently VACANT, making this an ideal opportunity for an owner-occupant ready to move in or an investor who wants the flexibility to select their own tenant. Unit 1 features 2 bedrooms, 1 full bath, and convenient laundry in the basement. Unit 2 offers 3 bedrooms, 1 full bath, and its own second-floor laundry. A walk-up attic features a finished bonus room with additional space and future potential. Enjoy separate private balconies from the newer porch, plus a backyard featuring a fire pit area, perfect for relaxing and enjoying the outdoors. Additional updates include a central heating system (could easily add central air) and updated electrical. Seller-owned solar panels will convey to the new owner, providing the added benefit of significant electricity savings with no solar lease! The property also features ample off-street parking with its own driveway & a detached garage.additional parking across the street. Conveniently located just 5 minutes from the T, near Fitchburg State University, and with easy access to major commuter routes. Whether you're an investor seeking a turnkey property or a buyer hoping to live in one unit while renting the other, this West Fitchburg two-family is an opportunity you won't want to miss!

28 Institute St, Fitchburg, MA, 01420Open in Maps →
Property Type2 Family - 2 Units Up/Down
Year Built1880
MLS #73565986
StatusActive
Total Rooms10
Stories2
Living Area2,152 sqft
Annual Tax$5,788
Days on Market21
Parking Spaces5

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Mortgage Calculator

$3,172/mo

Principal & Interest$2,523
Property Tax$499
Insurance$150
Home Price$499,000
Down Payment20% ($99,800)

Listing Information

MLS #: 73565986
Source: MLS PIN

Est. Monthly Payment

$3,209/mo

Based on 20% down, 30yr fixed at 6.5%

Principal & Interest$2,527
Property Tax$482