What is the estimated cap rate for 233 West St, Leominster, MA 01453?

Based on rent reported on the MLS listing, 233 West St, Leominster, MA 01453 (2 units) has an estimated 6.55% cap rate at its $539,000 list price, assuming $4,500/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 233 West St, Leominster, MA 01453?

The MLS listing reports about $4,500/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 Under Contract

20 Days on market

233 West St Leominster — Photo 1 of 42

$539,000

Investment Analysis — 233 West St

Leominster, MA 01453

Based on rent reported on the MLS listing, a 2-unit multi-family in 01453 carries $4,500/mo in gross rent — about a 6.55% cap rate and $35,295/yr in estimated NOI at the $539,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,934

Style

Multi Family

Built

1817

Excellent investment opportunity! This charming two-family property generates approximately $4,500 per month in rental income—$54,000 annually—at an attractive asking price of $539,000. The property features two spacious units, ample off-street parking, a detached two-car garage, a large backyard, and a deck ideal for outdoor entertaining. The detached building may also offer potential for an ADU, subject to municipal approval and permitting. Conveniently located near shopping, parks, schools, public transportation, and major highways. A great option for investors or owner-occupants looking to offset their mortgage with rental income. Don’t miss this income-producing opportunity! Open House Sun 12:00 AM- 2:00 PM

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.

Financials

Original Price$539,000

Annual Taxes$5,745

Parking

Garage2

Off-Street8

Interior Specifications

Total Rooms9

Fireplaces2

FlooringTile, Vinyl

BasementPartial

Climate & Utilities

HeatingBaseboard, Hot Water, Common, Floor Furnace

CoolingNone

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle, Rubber

FoundationStone

ZoningRB

Property & Lot

Acres0.35

SqFt Lot15,047

Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Bike Path • Highway Access • Public School

Geography

Listing Provided By

Listing Agent: Alvarenga & Son'S Team

Listing Office: Keller Williams Realty Evolution

MLS® Number: 73567568