86-88 Cottage St Leominster — Photo 1 of 31
$1,200,000
Investment Analysis — 86-88 Cottage St
Leominster, MA 01453
Based on rent reported on the MLS listing, a 4-unit multi-family in 01453 carries $9,600/mo in gross rent — about a 6.46% cap rate and $77,523/yr in estimated NOI at the $1,200,000 list price. Adjust every assumption in the calculator below.
Beds
14
Baths
4
SqFt
6,171
Style
4 Family
Built
1890
Discover this investment opportunity at 86-88 Cottage St. This multi-family property, built in 1890, offers a generous 6171 square feet of living space, presenting ready-to-move-in, remodeled units, each tastefully redone . The kitchen is thoughtfully appointed with updated appliances providing a functional and appealing space. With 14 bedrooms and 4 full bathrooms spread across 3 stories, this property offers significant versatility and space. Additional features include a dedicated laundry room and a welcoming porch in each unit, enhancing the living experience. Plenty of parking for everyone and guests. This property represents a compelling proposition for those seeking a substantial and adaptable living arrangement. Close to Barrett Park, Downtown, Restaurants, YMCA, Mart Transits, Laundry and More! If you're looking for an investment that won't take you time fixing up, this is your perfect Building!
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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Dishwasher • Refrigerator • Range • Washer • Dryer
Neighborhood
Shopping • Park • Walk/Jog Trails • Laundromat • Conservation Area • House of Worship
Geography
Property History
$1,200,000
May 1, 2026
MLS® 73511232
$800,000
Dec 12, 2024
MLS® 73299957
$849,900
Oct 8, 2024
MLS® 73299957
Listing Agent: Kate Jackson
Listing Office: Coldwell Banker Realty - Leominster
MLS® Number: 73511232