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490 Union St Leominster — Photo 1 of 23

490 Union St Leominster — Photo 1 of 23

$450,000

Investment Analysis — 490 Union St

Leominster, MA 01453

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01453 carries an estimated $1,850/mo in gross rent — about a 2.49% cap rate and $11,195/yr in estimated NOI at the $450,000 list price. Adjust every assumption in the calculator below.

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Beds

2

Baths

1.5

SqFt

1,085

Style

Single Family

Built

1954

Welcome Home! This ranch offers the ease of one-level living! Step inside to warm hardwood floors, an updated kitchen with stainless steel appliances and granite counter tops. The lower level offers flexible additional living space ideal for a rec room, home office, or home gym, along with a convenient half bath and plenty of storage space. Outside you will find a spacious patio and a lush green backyard ideal for summer gatherings, morning coffee or relaxing at the end of the day. Major updates include roof 2019, gutters 2021, exterior paint 2018, furnace hot water heater 2015.

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: 543 sq ft (the lesser of 900 sq ft or half the 1,085 sq ft principal dwelling). Lot size: 23,223 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 MLS and other third-party data may be inaccurate or out of date.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 Details

Financials

Original Price$450,000
Annual Taxes$5,677

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms5
FireplacesNone
FlooringVinyl, Hardwood
BasementFull, Partially Finished, Bulkhead

Climate & Utilities

HeatingBaseboard, Oil, Ductless
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningRA

Property & Lot

Acres0.53
SqFt Lot23,223
Lot Features--

Amenities & Appliances

Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Park • Medical Facility • Highway Access • Public School • Sidewalks

Geography

Floorplan Breakdown

Structural Layout

Basement
Bathroom 2
Main,First
Dining RoomKitchenFamily RoomMaster BedroomBedroom 2Bathroom 1
Dining Room
Lvl Main,First

Ceiling Fan(s), Flooring - Vinyl, Exterior Access

Kitchen
Lvl Main,First

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Stainless Steel Appliances, Lighting - Pendant

Family Room
Lvl Main,First

Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Cable Hookup, Exterior Access

Master Bedroom
Lvl Main,First

Closet, Flooring - Hardwood

Bedroom 2
Lvl Main,First
Bathroom 1
Lvl Main,First

Bathroom - Full, Bathroom - With Tub & Shower

Bathroom 2
Lvl Basement

Bathroom - Half

Listing Provided By

Listing Agent: Tricia Basquiat

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73574146