113 Spruce Leominster — Photo 1 of 23
$877,000
Investment Analysis — 113 Spruce
Leominster, MA 01453
Based on rent reported on the MLS listing, a 6-unit multi-family in 01453 carries $9,480/mo in gross rent — about a 8.83% cap rate and $77,465/yr in estimated NOI at the $877,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
6
SqFt
4,917
Style
5-9 Family
Built
1900
Excellent opportunity to acquire a cash-flowing 6-unit multifamily in Leominster! Currently generating $9,480/month in gross rental income ($113,760 annually) with five units occupied and one newly renovated vacant unit ready for its next tenant. The property offers strong in-place income from day one while leaving room for additional upside through minor cosmetic improvements to the remaining units and common areas. An attractive opportunity for an investor looking for a stabilized multifamily asset without taking on a major renovation project. Convenient location near downtown Leominster, shopping, restaurants and major routes.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Public School
Geography
Listing Agent: Damon Amato
Listing Office: Realty One Group Nest
MLS® Number: 73578802