748 Water St

4,134 Sq. Ft.
$133 / Sq. Ft.
4,134
Sq. Ft.
$133
per Sq. Ft.

Description

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...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
  1. Listed by Rebecca Koulalis • Redfin Corp.

Property Details for 748 Water Street

Town
Fitchburg
Area
MA-Fitchburg
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6
LISTING UPDATED: 01/13/2026 09:00 PM

Property Details for 748 Water Street

StatusContingent
MLS #73466600
Days on Market5
Taxes$6,347 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyWorcester County

Location

Listing Courtesy of Redfin Corp., Rebecca Koulalis
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Building Information for 748 Water Street

Stories3Residences3Year Built1900Building Size-Lot Size0.26 AC / 11,156 SF

Payment Calculator

$3,210 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,681

Property Taxes

$529

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 748 Water Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 4134.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Heating: Oil
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: M:0122 B:0005 L:0,1508922
  • Assessments: $469,800
  • Book: 9833
  • Tax Year: 2025
  • Zoning: NB
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter, Block
  • Levels: 3
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $.00

Property History for 748 Water Street

DateEvent & SourcePriceAppreciation
Jan 13, 2026

Contingent

MLS PIN #73466600

—
Jan 8, 2026

Listed (Active)

MLS PIN #73466600

$550,000—
Dec 29, 2020

Sold

MLS PIN #72746224

$300,000—
Oct 28, 2020

Under Agreement

MLS PIN #72746224

—
Oct 28, 2020

Contingent

MLS PIN #72746224

—
Oct 21, 2020

Listed (Active)

MLS PIN #72746224

$299,900—
Jan 27, 2016

Sold

MLS PIN #71937255

$153,750—
Dec 9, 2015

Under Agreement

MLS PIN #71937255

—
Dec 9, 2015

Contingent

MLS PIN #71937255

—
Dec 1, 2015

Listed (Active)

MLS PIN #71937255

$175,000—
Dec 23, 2013

Sold

MLS PIN #71410666

$100,000—
Oct 7, 2013

Under Agreement

MLS PIN #71410666

—
Oct 7, 2013

Contingent

MLS PIN #71410666

—
Jul 17, 2012

Listed (Active)

MLS PIN #71410666

$169,900—
Aug 16, 2005

Sold (Public Record)

Public Record #164974015

$270,000—
DateEvent & SourcePrice
01/13/2026

Contingent

MLS PIN #73466600

—
01/08/2026

Listed (Active)

MLS PIN #73466600

$550,000
12/29/2020

Sold

MLS PIN #72746224

$300,000
10/28/2020

Under Agreement

MLS PIN #72746224

—
10/28/2020

Contingent

MLS PIN #72746224

—
10/21/2020

Listed (Active)

MLS PIN #72746224

$299,900
01/27/2016

Sold

MLS PIN #71937255

$153,750
12/09/2015

Under Agreement

MLS PIN #71937255

—
12/09/2015

Contingent

MLS PIN #71937255

—
12/01/2015

Listed (Active)

MLS PIN #71937255

$175,000
12/23/2013

Sold

MLS PIN #71410666

$100,000
10/07/2013

Under Agreement

MLS PIN #71410666

—
10/07/2013

Contingent

MLS PIN #71410666

—
07/17/2012

Listed (Active)

MLS PIN #71410666

$169,900
08/16/2005

Sold (Public Record)

Public Record #164974015

$270,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 748 Water Street

Taxable ValueLand$87,700Additions$382,100Total$469,800
Tax Record2025$6,347 ($529 / month)
Home Facts
Baths3Total Finished SqFt4,134 SqFtAbove Grade Finished SqFt4,134 SqFtUnfinished Basement SqFt1,378 SqFtStories3Lot Size11,156 SqFtStyleTriplexYear Built1900Year Renovated1975ZoningNBCountyWORCESTERAPNFITC M:0122 B:0005 L:0

Schools near 748 Water Street

This home is within Fitchburg School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 1 to 5
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Reingold Elementary School
Public1 to 5

Crocker Elementary School
Public1 to 5

Memorial Middle School
Public6 to 8

Arthur M Longsjo Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redfin Corp., Rebecca Koulalis

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.