Active Under Contract
17 Days on market
109 4th St. Leominster — Photo 1 of 38

109 4th St. Leominster — Photo 1 of 38

$739,000

Investment Analysis — 109 4th St.

Leominster, MA 01453

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-unit multi-family in 01453 carries an estimated $5,720/mo in gross rent — about a 6.03% cap rate and $44,534/yr in estimated NOI at the $739,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

3

SqFt

3,061

Style

3 Family - 3 Units Up/Down

Built

1900

*** Offers due Tuesday 9/1 by 3 PM*** There’s something special about a multifamily that truly feels like home. Long held by the same family and occupied within the family, this lovingly maintained three-family reflects a level of care that’s evident throughout. Offering 6 bedrooms, 3 full baths and bright, inviting living spaces throughout. The first-floor unit is especially welcoming, with sun-filled, generously sized rooms and direct access to a covered deck overlooking the yard - an ideal spot to relax or entertain. Two additional units offer flexibility and income potential, while multiple, newly refinished balconies extend the living space outdoors. An expansive, freshly sealed driveway for 10 vehicles provides abundant off-street parking and leads to an oversized garage with workshop space and a separate office - a rare and incredibly useful bonus. A beautifully kept yard, along with numerous updates and improvements throughout, completes a property that offers more than rental income alone. For an owner occupant or investor, 109 Fourth Street offers a unique combination of space, versatility and opportunity.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$739,000
Annual Taxes$7,632

Parking

Garage2
Off-Street12

Interior Specifications

Total Rooms15
FireplacesNone
FlooringCarpet, Varies, Laminate
BasementFull, Partially Finished, Bulkhead, Dirt Floor

Climate & Utilities

HeatingSteam, Natural Gas, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
FoundationStone
ZoningRC

Property & Lot

Acres0.23
SqFt Lot10,018
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf

Geography

Listing Provided By

Listing Agent: Sherry Stallings

Listing Office: Keller Williams Realty Boston Northwest

MLS® Number: 73568710