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214 Grove Ave Leominster — Photo 1 of 30

214 Grove Ave Leominster — Photo 1 of 30

$497,000

Investment Analysis — 214 Grove Ave

Leominster, MA 01453

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01453 carries an estimated $2,380/mo in gross rent — about a 3.13% cap rate and $15,578/yr in estimated NOI at the $497,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,696

Style

Single Family

Built

1957

3-bedroom ranch style home for your single-story living, a fireplace living room, Kitchen with granite countertops, and hardwood floors upgrades this home. Partially finished basement offers den or office or family room with full bath. A fenced yard completes this ranch home adding privacy, security for pets and children, and expanding the single-story living space directly outdoors. A one-car garage attached via an open breezeway keeps entry to garage out of the elements. This location is extremely commuter friendly with easy access to Rt.2 and MBTA Commuter Rail

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 848 sq ft (the lesser of 900 sq ft or half the 1,696 sq ft principal dwelling). Lot size: 10,407 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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 MLS and other third-party data may be inaccurate or out of date.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

Property Details

Financials

Original Price$497,000
Annual Taxes$6,128

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms6
Fireplaces1
FlooringHardwood
BasementFull, Partially Finished, Walk-Out Access

Climate & Utilities

HeatingBaseboard, Oil
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRB

Property & Lot

Acres0.24
SqFt Lot10,407
Lot FeaturesCleared

Neighborhood

Public Transportation • Shopping • Medical Facility • Highway Access • Public School • T-Station

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1
Basement
Family RoomBathroom 2
Living Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Flooring - Wood, Countertops - Stone/Granite/Solid

Family Room
Lvl Basement
Primary Bedroom
Lvl First

Walk-In Closet(s), Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Flooring - Hardwood

Bathroom 1
Lvl First
Bathroom 2
Lvl Basement
Listing Provided By

Listing Agent: Dorothy Stone

Listing Office: ERA Key Realty Services - Worcester

MLS® Number: 73570459