199 Prospect St Leominster — Photo 1 of 41
$699,900
Investment Analysis — 199 Prospect 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 $3,700/mo in gross rent — about a 3.74% cap rate and $26,146/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,794
Style
Multi Family
Built
1900
Opportunity, charm, income potential—and views of Mt. Wachusett! This beautifully updated two-family home offers flexibility for owner-occupants or investors, complete with a large fenced backyard, fruit trees and gardens. Both units feature updated kitchens and convenient in-unit laundry, while the home boasts updated 400-amp electrical service and a roof just 1 year old. The first-floor unit offers a charming 3-season room, deck, mountain views, a farmers sink and rustic barn-door details. Upstairs, the second unit features beautiful wood floors, 2 bedrooms plus a laundry room/office and an incredible rooftop deck with spectacular views of Mt. Wachusett. The HUGE attached two-story unfinished barn offers endless possibilities—finish for additional living space, a studio, workshop, or explore the potential for a third unit. A welcoming farmer's porch and convenient location near the train complete this unique property. Live in one unit and let the other help with the mortgage, or add this versatile property to your investment portfolio!
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Listing Agent: Lynn Walsh
Listing Office: Coldwell Banker Realty - Leominster
MLS® Number: 73566586