Sold!
$570,000
6
Beds
4/1
Baths
2,868
Living Area
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Property Description
Attention Investors! Explore this exceptional multifamily investment opportunity in the heart of downtown Leominster! This fully occupied 5-unit property spans three levels and includes two 1-bedroom units, a studio, and two commercial spaces. Currently producing a 7.9% cap rate, this property offers not only immediate income but also potential for future rent increases, as most units are nearing market rent. Recent upgrades include new water heaters and furnaces installed in 2023 and a new front deck, ensuring efficiency and reliability. With a driveway on each side and ample parking in the rear, it provides convenience for tenants and businesses alike. Don’t miss out on this promising investment! Buyer/Buyer's agent to do own due diligence. Listing agency has vested interest. Seller has never occupied property.
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Highlights
- Heating: Forced Air, Natural Gas, Electric
- Property Class: Residential Income
- Total Rooms: 16
- Status: Closed
- Parking Spots: 8
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1900
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Additional Details
- Appliances: Range, Refrigerator
- Flooring: Carpet, Hardwood, Vinyl / VCT
- Interior Features: Living Room, Kitchen, Living RM/Dining RM Combo
- Roof: Slate
- Year Built Details: Approximate
- Zoning: Bb
- Basement: Dirt Floor
- Foundation: Concrete Perimeter, Brick/Mortar
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, T-Station
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $399,800
- Rental Fee Includes: Unit 1(Hot Water), Unit 2(Hot Water), Unit 3(Hot Water), Unit 4(Hot Water)
- Taxes: $5,801
- Compensation Based On: Compensation Offered but Not in MLS
- Tax Year: 2024
- Total Rent: $5,800
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Abraham Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
