40-46 Cottage St Leominster — Photo 1 of 38
Recent Drop: $50,000
$1,050,000
Investment Analysis — 40-46 Cottage St
Leominster, MA 01453
Based on rent reported on the MLS listing, a 5-unit multi-family in 01453 carries $8,700/mo in gross rent — about a 6.92% cap rate and $72,686/yr in estimated NOI at the $1,050,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
5
SqFt
6,500
Style
5-9 Family
Built
1900
Rare investment opportunity featuring two separate homes on one lot with excellent income potential. This unique property consists of a large 3-family offering spacious 2-bedroom units that could easily be converted into 3-bedroom units with minor modifications, creating additional upside for investors. The second building is a 2-family with a 2-bedroom unit on the first floor and a 1-bedroom unit on the second floor. All units feature in-unit washer and dryer hookups for added tenant convenience. The property also offers ample off-street parking, a highly desirable feature for tenants. Important exterior updates have already been completed, including a brand-new roof on the 2-family and a newer roof on the 3-family replaced just a few years ago. Whether you are looking to expand your portfolio or owner-occupy while generating strong rental income, this property offers flexibility, value-add potential, and long-term cash flow 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Highway Access
Geography
Property History
$1,050,000
Was $1,100,000
Jul 10, 2026
MLS® 73535093
$1,100,000
Jun 10, 2026
MLS® 73535093
Listing Agent: Nicolas Berthetgarcia
Listing Office: Atlantic Coast Homes,Inc
MLS® Number: 73535093