Active
150 Days on market
45 Laurel St Leominster — Photo 1 of 15

45 Laurel St Leominster — Photo 1 of 15

Recent Drop: $125,000

$1,050,000
$925,000

$925,000

45 Laurel St, Leominster, MA 01453

Leominster, MA 01453

Investor Analysis

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$179/sqft
Local Avg (Leominster)$210/sqft
15% BelowMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Leominster, MA.

Property Details

Financials

Original Price$1,050,000
Annual Taxes$9,357

Parking

Garage0
Off-Street12

Interior Specifications

Total Rooms21
FireplacesNone
FlooringWood, Tile, Carpet
BasementFull, Walk-Out Access

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationStone
Zoningunknwn

Property & Lot

Acres0.31
SqFt Lot13,291
Lot FeaturesCorner Lot, Level

Neighborhood

Public Transportation • Highway Access

Geography

Property History

Price Drop
$925,000

Was $969,900

Aug 13, 2026

MLS® 73502250

Price Drop
$969,900

Was $999,900

Jul 20, 2026

MLS® 73502250

Price Drop
$999,900

Was $1,050,000

May 25, 2026

MLS® 73502250

Listed
$1,050,000

Apr 15, 2026

MLS® 73502250

Population

43,851

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

37.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Patrick Hermans

Listing Office: J. Borstell Real Estate, Inc.

MLS® Number: 73502250

Browse More Homes in Leominster

Explore other active listings in the area.