29-31 Cotton St Leominster — Photo 1 of 10
Recent Drop: $10,000
$739,000
Investment Analysis — 29-31 Cotton St
Leominster, MA 01453 — North Leominster
Based on rent reported on the MLS listing, a 3-unit multi-family in 01453 carries $5,850/mo in gross rent — about a 6.13% cap rate and $45,275/yr in estimated NOI at the $739,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
3
SqFt
3,288
Style
3 Family
Built
1901
For Sale By Owner | 29–31 Cotton St, Leominster | 3-Unit Multi-Family | 10 Parking Spaces rare value-add investment opportunity in Leominster's RC zoning district. Two spacious 3-bedroom townhouse-style units with private entrances plus a 1-bedroom upper unit — all with separate utilities. The walk-up attic offers significant untapped potential with open space to expand the 1-bedroom unit into additional bedrooms, subject to the buyer's due diligence. Property may qualify for a detached ADU, which could meaningfully boost rental income — contact the municipality for zoning details. Electrical service has room for improvement, giving a savvy buyer immediate equity. Generous backyard, two farmer-style porches, deck, storage shed, and 10 parking spaces. Public sewer and water. Steps from downtown Leominster, schools, and transit with direct access to Routes 2 and 12 — an easy commute to Worcester and Boston.
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 MLS and other third-party data may be inaccurate or out of date.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.
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$739,000
Was $749,000
Aug 6, 2026
MLS® 73531095
$749,000
Jun 5, 2026
MLS® 73531095
Listing Agent: Edward Perez
Listing Office: Edward Perez
MLS® Number: 73531095