119 Days on market
345 West St Leominster — Photo 1 of 40

345 West St Leominster — Photo 1 of 40

$995,000

Investment Analysis — 345 West St

Leominster, MA 01453

Based on rent reported on the MLS listing, a 4-unit multi-family in 01453 carries $8,200/mo in gross rent — about a 6.52% cap rate and $64,863/yr in estimated NOI at the $995,000 list price. Adjust every assumption in the calculator below.

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Beds

8

Baths

4

SqFt

4,214

Style

4 Family

Built

1871

Investors take notice! Exceptional opportunity to own this beautifully maintained and recently remodeled 4-unit property generating nearly $100,000 in gross annual rental income. Located on a desirable corner lot in a quiet neighborhood, this turnkey multi-family offers long-term tenants, strong rental history, and pride of ownership throughout. Property features separate utilities with tenants paying their own utilities, energy-saving appliances, insulated closed-cell foam roof for improved efficiency, wall A/C units, electric fireplaces, intercom system, separate laundry room in basement, and 8 off-street parking spaces. Numerous updates have been completed, making this an ideal low-maintenance investment opportunity with excellent cash flow potential. Conveniently located near shopping, restaurants, local amenities, and major routes. A rare opportunity to add a solid income-producing asset to your portfolio.

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 MLS and other third-party data may be inaccurate or out of date.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$995,000
Annual Taxes$9,921

Parking

Garage0
Off-Street8

Interior Specifications

Total Rooms16
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

HeatingNatural Gas
CoolingWall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationGranite
ZoningRA

Property & Lot

Acres0.18
SqFt Lot7,725
Lot FeaturesCorner Lot, Level

Amenities & Appliances

ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Washer • ENERGY STAR Qualified Refrigerator • Range Hood • Range

Geography

Listing Provided By

Listing Agent: Adriana Nunes

Listing Office: Faith Realty, LLC

MLS® Number: 73520306