38 Cottage Street Leominster — Photo 1 of 29
Recent Drop: $44,650
$430,250
Investment Analysis — 38 Cottage Street
Leominster, MA 01453
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01453 carries an estimated $2,380/mo in gross rent — about a 3.96% cap rate and $17,029/yr in estimated NOI at the $430,250 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,700
Style
Single Family
Built
1920
OPEN HOUSE - SAT 9/12 - NOON to 130PM! NEW PRICE ON THIS 2026 RENOVATED three-bedroom, two-bath home with a large fenced-in yard! Turn the key and enjoy all the upgrades: new stainless steel appliances, quartz countertops, and new flooring and fresh paint throughout, updated electrical service, and the added benefit of OWNED SOLAR PANELS already in place to help reduce your electric bill. System-wise, a new FURNACE and OIL TANK were installed in 2022 and the electrical system was fully updated in 2026. Plenty of off-street parking for up to FOUR cars, a generously sized backyard that is fully fenced for pets, and a nice sized metal storage shed complete this move-in-ready property. Great value for Leominster!
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: 850 sq ft (the lesser of 900 sq ft or half the 1,700 sq ft principal dwelling). Lot size: 7,171 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 MLS and other third-party data may be inaccurate or out of date.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.
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Property History
$430,250
Was $430,300
Sep 11, 2026
MLS® 73546149
$430,300
Was $430,400
Sep 5, 2026
MLS® 73546149
$430,400
Was $430,500
Sep 4, 2026
MLS® 73546149
$430,500
Was $431,000
Aug 30, 2026
MLS® 73546149
$431,000
Was $431,500
Aug 28, 2026
MLS® 73546149
$431,500
Was $432,000
Aug 27, 2026
MLS® 73546149
$432,000
Was $439,900
Aug 26, 2026
MLS® 73546149
$439,900
Was $439,950
Aug 22, 2026
MLS® 73546149
$439,950
Was $440,000
Aug 20, 2026
MLS® 73546149
$440,000
Was $444,500
Aug 19, 2026
MLS® 73546149
$444,500
Was $444,900
Aug 16, 2026
MLS® 73546149
$444,900
Was $445,000
Aug 15, 2026
MLS® 73546149
$445,000
Was $446,000
Aug 14, 2026
MLS® 73546149
$446,000
Was $449,925
Aug 10, 2026
MLS® 73546149
$449,925
Was $449,950
Aug 1, 2026
MLS® 73546149
$449,950
Was $449,999
Jul 31, 2026
MLS® 73546149
$449,999
Was $459,500
Jul 28, 2026
MLS® 73546149
$459,500
Was $459,800
Jul 25, 2026
MLS® 73546149
$459,800
Was $459,900
Jul 24, 2026
MLS® 73546149
$459,900
Was $474,900
Jul 21, 2026
MLS® 73546149
$474,900
Jul 7, 2026
MLS® 73546149
Listing Agent: James Greelish
Listing Office: Greelish Realty
MLS® Number: 73546149