45 Laurel St Leominster — Photo 1 of 15
Recent Drop: $125,000
$925,000
Investment Analysis — 45 Laurel St
Leominster, MA 01453
Based on rent reported on the MLS listing, a 6-unit multi-family in 01453 carries $9,050/mo in gross rent — about a 7.91% cap rate and $73,179/yr in estimated NOI at the $925,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
6
SqFt
5,166
Style
5-9 Family
Built
1900
Well-maintained 6-family property in a great location, offering a strong investment opportunity. The building features a desirable mix of three large 2-bedroom units and three 1-bedroom units, giving it broad rental appeal. Set on a corner lot, there’s plenty of off-street parking along with convenient access to the highway for easy commuting. The property has quiet, long-term tenants in place, providing steady income with room to grow. It’s been well cared for and generates solid cash flow, while still coming with additional upside through future rent increases. Overall, a turnkey investment with a nice balance of stability and value-add potential.
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 MLS and other third-party data may be inaccurate or out of date.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 • Highway Access
Geography
Property History
$925,000
Was $969,900
Aug 13, 2026
MLS® 73502250
$969,900
Was $999,900
Jul 20, 2026
MLS® 73502250
$999,900
Was $1,050,000
May 25, 2026
MLS® 73502250
$1,050,000
Apr 15, 2026
MLS® 73502250
Listing Agent: Patrick Hermans
Listing Office: J. Borstell Real Estate, Inc.
MLS® Number: 73502250