
37 Highland Avenue Leominster — Photo 1 of 22
$359,900
Investment Analysis — 37 Highland Avenue
Leominster, MA 01453
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 1-bedroom in 01453 carries an estimated $1,490/mo in gross rent — about a 2.53% cap rate and $9,092/yr in estimated NOI at the $359,900 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
1,004
Style
Single Family
Built
1952
Comfort meets neighborhood charm at this appealing West Leominster ranch offering inviting single-level open concept living, an easy-flow floorplan and plenty of character. Hardwood floors shine through the living room, where a fireplace and exposed ceiling beam add warmth and charm, while a bay window fills the dining room with natural light. The kitchen offers generous cabinetry and practical workspace plus space for a dining table. The bedroom features hardwood flooring and ample closet storage. The recently renovated full bathroom adds a fresh, modern touch. A full basement provides laundry, substantial storage, and flexible space to adapt to changing needs plus a partially finished room for more potential living area. Outside, the yard offers room to enjoy the outdoors, along with a storage shed for added convenience. A paved driveway and carport provide practical off-street parking. Recent updates include a new boiler installed Spring 2026 and a completely redone roof, down to the rafters, replaced in 2024. Conveniently located near highway, public transportation, shopping, parks, recreation, and walking trails, this home offers easy access to everyday amenities while maintaining the appeal of a desirable residential neighborhood. Whether you're a first-time buyer, downsizing, or simply looking for a manageable single-level home with room to personalize, this well-located ranch is a wonderful opportunity to make it your own. A perfect condo alternative! Showings begin at Open House Thursday September 10, 4:30-6:00pm
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: 502 sq ft (the lesser of 900 sq ft or half the 1,004 sq ft principal dwelling). Lot size: 6,776 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
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Park • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First20 x 11
Ceiling Fan(s), Beamed Ceilings, Flooring - Hardwood
Dining Room
Lvl First14 x 11
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl First11 x 10
Flooring - Stone/Ceramic Tile, Dining Area
Primary Bedroom
Lvl First13 x 13
Closet, Flooring - Hardwood
Bathroom 1
Lvl First6 x 10
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen
Listing Agent: Leslie Storrs Tondreau
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73572663