What is the estimated cap rate for 287 Sixth, Leominster, MA 01453?

Based on rent reported on the MLS listing, 287 Sixth, Leominster, MA 01453 (2 units) has an estimated 5.38% cap rate at its $649,900 list price, assuming $4,600/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 287 Sixth, Leominster, MA 01453?

The MLS listing reports about $4,600/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

60 Days on market

287 Sixth Leominster — Photo 1 of 37

$649,900

Investment Analysis — 287 Sixth

Leominster, MA 01453

Based on rent reported on the MLS listing, a 2-unit multi-family in 01453 carries $4,600/mo in gross rent — about a 5.38% cap rate and $34,991/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

5,474

Style

Multi Family

Built

1900

Well-maintained two-family home situated on a desirable corner lot, offering a fantastic opportunity for both owner-occupants and investors. The first-floor unit features 3 bedrooms and 1 full bath, while the spacious second-floor unit offers 4 bedrooms and 2 full baths. The property is in good condition with plenty of off-street parking for tenants and guests. Conveniently located near houses of worship, schools, shopping, and major commuting routes, this property combines space, convenience, and investment potential. Don't miss this excellent opportunity!

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 MLS and other third-party data may be inaccurate or out of date.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$649,900

Annual Taxes$6,961

Parking

Garage0

Off-Street15

Interior Specifications

Total Rooms15

FireplacesNone

Flooring--

BasementPartial

Climate & Utilities

HeatingElectric, Heat Pump

CoolingWindow Unit(s), Heat Pump

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

Roof--

FoundationStone

ZoningRB

Property & Lot

Acres0.25

SqFt Lot11,078

Lot FeaturesCorner Lot

Amenities & Appliances

Range

Geography

Listing Provided By

Listing Agent: Luis Torres

Listing Office: RE/MAX Prof Associates

MLS® Number: 73549667