163-165 Central St Leominster — Photo 1 of 26
$480,000
Investment Analysis — 163-165 Central St
Leominster, MA 01453
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-unit multi-family in 01453 carries an estimated $3,340/mo in gross rent — about a 5.17% cap rate and $24,833/yr in estimated NOI at the $480,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,560
Style
Multi Family
Built
1900
Rare live-work opportunity, this high-visibility property sits in prime Business B (BB) zoning, across from the new police station at a high-traffic, signaled intersection within walking distance to downtown. Perfect for a small business, start-up, or ambitious business owner: live in the vacant, flexible 1-2 bedroom unit and run your business out of the same building, while the 2-bedroom tenant-at-will side cash-flows to offset your overhead.Want to build an empire? The commercial strip location is primed for future development, and the sale even includes architect sketches to rebuild the site into a 6-unit building! Savvy portfolio investors and commercial buyers already recognize the raw land value of this footprint, so do not wait for the competition to swoop in and steal this location. Featuring an 8 year old roof, a fenced yard, and plenty of off-street rear parking. Bring your vision and claim your spot today—schedule your private tour before it is gone!
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: John Snyder
Listing Office: Redfin Corp.
MLS® Number: 73571762