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    147 Westminster St Fitchburg, MA 01420

    For Sale
    $599,900

    Four-unit property near amenities with income potential.

    Lot size:
    0.10 Acres

    Property Features for 147 Westminster St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1930

    Source: Real Broker MA, LLC Agent Jim Black Group

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Four-Family Investment Property

    This well-maintained four-family property is located near shops, dining, and local amenities. Each unit includes 2 bedrooms, 1 bath, a spacious living area, a functional kitchen, and a bonus room. Three units are currently leased and generating income. One vacant unit is projected to rent for approximately $1,700 per month. The property features a new roof installed in 2024, along with 6 off-street parking spaces. Heating is provided by efficient gas parlor systems. Shared expenses are low. This property is suitable for investors seeking stability, convenience, and growth potential.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8377215
    Latitude
    42.5738758

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property near amenities with income potential.
    Where is this quadplex located?
    The property is located at 147 Westminster St Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Income-generating 4-family property with three units currently leased.; - **One vacant unit offers immediate rental income potential (projected $1,700/month).**; - **New roof (2024) ensures reduced maintenance costs.**
    (774) 314-9448
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    147 Westminster St Fitchburg, MA 01420
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    Fitchburg, MA 01420
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    147 Westminster St Fitchburg, MA 01420
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