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$550,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 3 Units
  • 6 Total Beds
  • 0.26 Acres
  • Updated 4 days ago
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Excellent opportunity for investors to acquire a three-family property with strong upside potential in a highly desirable location. Each unit offers a functional layout with two bedrooms, one bathroom, a living room, dining room, and kitchen. The third-floor unit is currently owner-occupied, providing flexibility for repositioning, future rental income, or an owner-occupant strategy. All units are very sunny and bright, creating attractive living spaces for tenants. This property is ideal for an investor looking to gain sweat equity, improve rents over time, and add value through updates. Located close to Route 2, Shopping and the rail trail, the property offers excellent commuter access and long-term rental demand. Property is being sold as is. A compelling value-add multi-family investment opportunity in a sought-after location. Showings only at Open Houses - Saturday 1/10/26 10am-1pm and Sunday 1/11/2026 10am - 1pm. ***Offer Deadline Monday 1/12 5pm***

Full Property Details for 748 Water St

General

  • Price: $550,000
  • Taxes: $6,347 (2025)
  • Status: Contingent
  • Type: Multi-Family
  • MLS ID: 73466600
  • Updated: 1/13/2026
  • Added to Site: 10 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Parking

  • Parking Features: Paved Drive, Off Street

Location

  • County: Worcester

Structural Information

  • Basement: Yes
  • Stories/Levels: 3
  • Square Feet: 4,134
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.26

Financial Considerations

  • Tax Amount: $6,347
  • Tax Year: 2025

Disclosures and Reports

  • Property ID: M:0122 B:0005 L:0, 1508922

Listed by Redfin Corp., Rebecca Koulalis

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Listing agent

— 748 Water St —

  • Rebecca Koulalis

    Redfin Corp.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 748 Water St

School District:Fitchburg School District
NameGradesDistance
South Street Elementary School
376 South Street, Fitchburg, MA 01420
PK-40.6 mi
Mckay Arts Academy
67 Rindge Road, Fitchburg, MA 01420
PK-81.8 mi
Arthur M Longsjo Middle School
98 Academy Street, Fitchburg, MA 01420
5-81.4 mi
Fitchburg High School
140 Arn-How Farm Road, Fitchburg, MA 01420
9-123.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 748 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/08/2026
Listed
$550,000
83.33%
MLS
12/11/2020
Sold
$300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 748 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,347
9%
$469,800
20%
2024
$5,800
3%
$391,600
11%
2023
$5,644
7%
$352,300
18%
2022
$5,264
9%
$298,900
17%
2021
$4,843
15%
$254,500
19%
2020
$4,214
38%
$213,800
47%
2018
$3,057
4%
$145,500
7%
2017
$2,929
-1%
$136,300
-3%
2016
$2,970
4%
$139,900
1%
2015
$2,860
2%
$138,300
-3%
2014
$2,814
—
$141,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 748 Water St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Redfin Corp., Rebecca Koulalis

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748 Water St, Fitchburg, MA 01420 (MLS# 73466600) is a Multi-Family property with 3 units containing 6 bedrooms and 3 full bathrooms. 748 Water St is currently listed for $550,000 and was received on January 08, 2026. Want to learn more about 748 Water St? Do you have questions about finding other Multi-Family real estate for sale in Fitchburg? You can browse all Fitchburg real estate or contact a Coldwell Banker agent to request more information.

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