616 Prospect St Leominster — Photo 1 of 41
$1,125,000
Investment Analysis — 616 Prospect St
Leominster, MA 01453 — North Leominster
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 5-bedroom in 01453 carries an estimated $2,790/mo in gross rent — about a 1.21% cap rate and $13,589/yr in estimated NOI at the $1,125,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
4,175
Style
Single Family
Built
2021
Immaculate property w/ attention to detail throughout. This beautiful 5 bedroom home was built with superior quality and has all the bells and whistles including your own 2 story barn w/ overhead door for all your toys. First floor primary suite w/ walk-in closet, add'l closet and a luxurious bath w/ tiled steam shower and double vanity. First floor home office w/ french doors is perfectly placed off the foyer. Beautiful dining room and custom dream kitchen w/ JennAir appliances, large granite island, gas stove, tile backsplash and beverage refrigerator open to the family room w/ gas fireplace and coffered ceiling. Step out to the composite deck and enjoy your morning coffee or after hours beverage. Gorgeous 4 season room is a great space to relax and unwind. Hardwood floors flow seamlessly throughout. 2nd level offers 4 bedrooms, dedicated laundry room, full bath and an add'l room to use as you please. Exceptionally finished walk-out lower level including a bath w/ tiled shower. Step out to the patio and backyard which has access to the rear of the property through Page St as well. Central AC, generator connection, 10' wide garage doors, irrigation, and more! Schedule your private showing now!
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: 900 sq ft (the lesser of 900 sq ft or half the 4,175 sq ft principal dwelling). Lot size: 47,480 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Wine Refrigerator • Range Hood • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First15.4 x 16.11
Flooring - Hardwood, Open Floorplan, Recessed Lighting, Decorative Molding
Dining Room
Lvl First13 x 12.4
Flooring - Hardwood
Kitchen
Lvl First15.4 x 15
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Open Floorplan, Recessed Lighting, Slider, Stainless Steel Appliances, Wine Chiller, Gas Stove, Lighting - Pendant
Office
Lvl Main13 x 12.7
Flooring - Hardwood, French Doors, Recessed Lighting
Family Room
Lvl Basement27.8 x 28.3
Closet, Exterior Access, Open Floorplan, Recessed Lighting
Primary Bedroom
Lvl Main,First25 x 21.3
Bathroom - Full, Walk-In Closet(s), Closet, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Double Vanity, Recessed Lighting, Steam / Sauna
Bedroom 2
Lvl Second12.2 x 13
Bedroom 3
Lvl Second13.3 x 12.6
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 4
Lvl Second13.2 x 12.4
Closet, Flooring - Hardwood
Bedroom 5
Lvl Second20 x 23.5
Ceiling Fan(s), Closet, Flooring - Laminate, Recessed Lighting
Bathroom 1
Lvl First10 x 4.7
Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl First10.1 x 8.2
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl Basement9.2 x 7.3
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Laurie Howe Bourgeois
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73570786