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Two-Family Residential Income Property
For Sale
$489,900

311 Madison St, Fitchburg, MA 01420

Well-maintained two-family home with two separate units, enclosed porch, hardwood floors, fenced yard, and attached 1-car garage.

Days on Market83

Property Features for 311 Madison St

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Investment

Additional Details

Fenced Yard Yes
Multifamily Units 2

Building Details

Year Built 1937
Stories 2
Tenancy Multi
Listing Agency:
Listed By: Caroline Albert
Source: Elliman
Added: May 9 Changed: Jul 22 Last Checked: Jul 23 at 11:41AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Caroline Albert

Investment Insights

Based on property information with market context.

This nicely maintained two-family home is set up for comfortable owner-occupancy or residential income. The first-floor unit includes an enclosed porch, an eat-in kitchen, a bright living and dining room with hardwood flooring, a large primary bedroom with hardwood flooring and two closets, a second bedroom, a recently remodeled bath, and a separate laundry room. The second-floor unit offers two bedrooms with hardwood floors, a full bath with washer/dryer, and an open kitchen overlooking a sun-filled living area with views of the backyard.

Outside, the property features a privately fenced yard with lush grass and a mature tree centered in the yard, along with a large shed. There is an attached 1-car garage with storage above, and separate driveways providing ample off-street parking with 4 spaces on the garage side and 2 spaces for the second unit.

Major updates include separate electric panels and extensive rewiring. Rent includes heat and water.

Key Highlights

  • Two‑family home built in 1937 with two separate units
  • First‑floor unit: enclosed porch, eat‑in kitchen, hardwood floors, large primary bedroom with 2 closets, remodeled bath and separate laundry room
  • Second‑floor unit: 2 bedrooms with hardwood floors, full bath with washer/dryer, open kitchen overlooking sun‑filled living area with backyard views

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Skin Care Clinic Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

208
Businesses Nearby

Demographics for 01420, MA

41,940
Population
17,998
Households
2.3
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
30.1 sq mi
ZIP Area
1,393
Density / Sq Mi
$70,334
Median Household Income
$41,753
Median Earnings
$1,131
Median Rent
$294,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained two-family home with two separate units, enclosed porch, hardwood floors, fenced yard, and attached 1-car garage.
Where is this duplex located?
The property is located at 311 Madison St Fitchburg, MA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two‑family home built in 1937 with two separate units; First‑floor unit: enclosed porch, eat‑in kitchen, hardwood floors, large primary bedroom with 2 closets, remodeled bath and separate laundry room; Second‑floor unit: 2 bedrooms with hardwood floors, full bath with washer/dryer, open kitchen overlooking sun‑filled living area with backyard views
More about this property
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