387 Water St
Fitchburg, MA 01420
10 bd 5 ba 4,959 sqft Built 1900 Lot 4,983 sqft multi_family
Most recent sale
$590,000
Oct 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 31, 2025 | Sold | $720,000 | MLSPIN |
| Jun 16, 2025 | Listed | $689,000 | MLSPIN |
| Oct 25, 2022 | Sold | $590,000 | MLS #72992400 |
| Sep 17, 2022 | Price changed | $589,000 | MLS #72992400 |
| Aug 12, 2022 | Relisted | $599,000 | MLS #72992400 |
| Jun 27, 2022 | Price changed | $599,000 | MLS #72992400 |
| Jun 4, 2022 | Listed | $699,000 | MLS #72992400 |
| Oct 20, 2020 | Sold | $385,000 | MLS #72726816 |
| Sep 16, 2020 | Listed | $450,000 | MLS #72726816 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $512,800 | $86,000 | $598,800 | $8,090 |
| 2024 | $472,300 | $51,100 | $523,400 | $7,752 |
| 2022 | $348,300 | $39,200 | $387,500 | $6,019 |
| 2021 | $257,000 | $26,100 | $283,100 | $5,387 |
| 2020 | $234,600 | $21,400 | $256,000 | $5,046 |
| 2019 | $161,400 | $29,700 | $191,100 | — |
| 2018 | $136,300 | $27,300 | $163,600 | — |
| 2017 | $123,900 | $24,900 | $148,800 | — |
| 2016 | $126,000 | $24,900 | $150,900 | — |
| 2015 | $133,200 | $26,100 | $159,300 | — |
| 2002 | $98,000 | $29,900 | $127,900 | $1,986 |
Property facts
Year built
1900
Property type
multi_family
Stories
3
Beds
10
Baths
5
Living area
4,959 sqft
Lot size
4,983 sqft
ZIP code
01420
City
Fitchburg
Street
Water St
Coordinates
42.57503, -71.79099
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,540
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 387 Water St last sell?
387 Water St most recently sold on Oct 25, 2022 for $590,000.
What is the current tax assessment for 387 Water St?
The most recent total assessment for 387 Water St (year 2025) is $598,800 with $8,090 in property tax.
How does 387 Water St's assessment compare to its last sale price?
The current assessment is 1.5% above the last sale price of $590,000.
When was 387 Water St built?
387 Water St was built in 1900.
How does 387 Water St compare to others on Water St?
We track 8 other properties on Water St. Browse the list under "Other properties on Water St" to compare beds, baths, and sale history.
What are the property facts for 387 Water St?
387 Water St is a 10 bed, 5 bath, 4,959 sqft, 4,983 sqft lot multi_family.
Is 387 Water St a flip candidate?
No — 387 Water St does not appear in our flips dataset.
Is 387 Water St a tax-appeal candidate?
No — 387 Water St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.3%
Implied 1-yr
+9.2%
2026 Q3
$507.9K
2026 Q4
$518K
ZIP 01420 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Water St