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13 Elm Street Leominster — Photo 1 of 25

13 Elm Street Leominster — Photo 1 of 25

$335,000

Investment Analysis — 13 Elm Street

Leominster, MA 01453

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01453 carries an estimated $1,850/mo in gross rent — about a 3.79% cap rate and $12,682/yr in estimated NOI at the $335,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

655

Style

Single Family

Built

1959

Waterfront living takes center stage at this beautifully updated, cozy home. Featuring fresh paint inside and out, new flooring, updated electrical, plumbing & heat. Fish from your backyard as Rockwell Pond becomes a striking extension of the property. The main living area flows naturally into a thoughtfully updated kitchen with new White Shaker-style cabinetry for ample storage, quartz countertops, and new appliances, Recessed lighting gives the space a clean, contemporary character. Continue down the hall to two comfortable bedrooms and an all new bath. The full length basement offers additional storage while an outdoor shed can be a workshop or store outdoor items. The outside setting delivers the property's defining feature: broad water views framed by mature greenery. A brick-and-stone patio at the water’s edge provides a memorable place to dine outdoors, unwind, or simply take in the views. Fishing and kayakers can enjoy the regularly stocked pond. With its refreshed interior, thoughtful updates, comfortable scale, and direct waterfront connection, this home is a great option for first-time buyers, those looking to downsize, or anyone seeking a condo alternative without giving up their own outdoor space or paying an HOA . Located close to the heart of Leominster, with convenient access to local restaurants, shops, RT 2 and seasonal festivities.

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: 328 sq ft (the lesser of 900 sq ft or half the 655 sq ft principal dwelling). Lot size: 7,050 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.

Immersive Experience

Property Details

Financials

Original Price$335,000
Annual Taxes$4,190

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms4
FireplacesNone
FlooringVinyl
BasementFull, Partially Finished, Walk-Out Access, Concrete

Climate & Utilities

HeatingElectric Baseboard, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)
RoofShingle
FoundationBlock
ZoningRB

Property & Lot

Acres0.16
SqFt Lot7,050
Lot Features--

Amenities & Appliances

Gas Water Heater • Tankless Water Heater • Range • Dishwasher • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Laundromat • Bike Path • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl First

10 x 8

Ceiling Fan(s), Closet, Flooring - Vinyl, Exterior Access

Kitchen
Lvl First

11 x 13

Flooring - Vinyl, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting, Stainless Steel Appliances

Primary Bedroom
Lvl First

14 x 11

Ceiling Fan(s), Closet, Flooring - Vinyl, Exterior Access

Bedroom 2
Lvl First

8 x 10

Bathroom 1
Lvl First

10 x 5

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Recessed Lighting

Listing Provided By

Listing Agent: Jared Rowland

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73582593