What is the estimated cap rate for 206 Union Street, Leominster, MA 01453?

Based on rent reported on the MLS listing, 206 Union Street, Leominster, MA 01453 (2 units) has an estimated 1.70% cap rate at its $610,000 list price, assuming $1,700/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 206 Union Street, Leominster, MA 01453?

The MLS listing reports about $1,700/month in total rent for a 2-unit multi-family in 01453. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

46 Days on market

206 Union Street Leominster — Photo 1 of 23

$610,000

Investment Analysis — 206 Union Street

Leominster, MA 01453

Based on rent reported on the MLS listing, a 2-unit multi-family in 01453 carries $1,700/mo in gross rent — about a 1.70% cap rate and $10,384/yr in estimated NOI at the $610,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,935

Style

2 Family - 2 Units Up/Down

Built

1920

Great location in Leominster! Whether you're looking for a solid investment opportunity or a place to call home while generating rental income, this beautifully maintained two-family property is a must-see. The first-floor unit is vacant and move-in ready, while the second-floor unit is currently tenant-occupied, providing immediate rental income. Both units feature spacious kitchens, bright and inviting living rooms, and the convenience of in-unit laundry. Additional highlights include ample off-street parking, mostly updated wiring and plumbing, a freshly painted first-floor unit, and a roof approximately 12 years old. The large, private backyard offers plenty of outdoor space to enjoy. Conveniently located near major highways, shopping, downtown Leominster, and a variety of restaurants, this property offers both comfort and convenience. Whether you're an investor searching for your next income-producing property or an owner-occupant looking to offset your mortgage with rental income, this is an outstanding opportunity you won't want to miss!

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.

Immersive Experience

Financials

Original Price$610,000

Annual Taxes$5,120

Parking

Garage0

Off-Street3

Interior Specifications

Total Rooms10

FireplacesNone

FlooringVinyl, Carpet

BasementFull, Bulkhead, Dirt Floor, Concrete

Climate & Utilities

HeatingDuctless, Electric

CoolingDuctless

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

RoofShingle

FoundationStone

ZoningRB

Property & Lot

Acres0.17

SqFt Lot7,590

Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer/Dryer

Neighborhood

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

Geography

Listing Provided By

Listing Agent: Stephanie Pandiscio

Listing Office: Foster-Healey Real Estate

MLS® Number: 73555883