Attention Investors! Explore this exceptional multifamily investment opportunity in the heart of downtown Leominster! This fully occupied 5-unit property spans three levels and includes two 1-bedroom units, a studio, and two commercial spaces. Currently producing a 7.9% cap rate, this property offers not only immediate income but also potential for future rent increases, as most units are nearing market rent. Recent upgrades include new water heaters and furnaces installed in 2023 and a new front deck, ensuring efficiency and reliability. With a driveway on each side and ample parking in the rear, it provides convenience for tenants and businesses alike. Don’t miss out on this promising investment! Buyer/Buyer's agent to do own due diligence. Listing agency has vested interest. Seller has never occupied property.
Sold
$570,000
94 Central St, Leominster, MA 01453
6beds
2,868sqft
5+ Family - 5+ Units Up/Down
Built in 1900
-- sqft lot
$585,400 Zestimate®
$199/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: January 13, 2025 at 08:08am
Listed by:
Candor Realty Group,
Four Points Real Estate, LLC,
Steve Bui
Bought with:
Vijoy Abraham
Abraham Realty
Source: MLS PIN,MLS#: 73302438
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Forced Air, Natural Gas, Electric
Features
- Living Room, Kitchen, Living RM/Dining RM Combo
- Flooring: Carpet, Hardwood, Vinyl / VCT
- Basement: Dirt Floor
- Has fireplace: No
Interior area
- Total structure area: 2,868
- Total interior livable area: 2,868 sqft
Property
Parking
- Total spaces: 8
- Parking features: Paved Drive, Off Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
Lot
- Size: 7,029 sqft
Details
- Parcel number: M:0093 B:0002 L:0000,1578951
- Zoning: BB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Concrete Perimeter, Brick/Mortar
- Roof: Slate
Condition
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, T-Station
Location
- Region: Leominster
HOA & financial
Other financial information
- Total actual rent: 5800
Other
Other facts
- Road surface type: Paved
Services availability

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