What is the estimated cap rate for 218 Central Street, Leominster, MA 01453?

Based on rent reported on the MLS listing, 218 Central Street, Leominster, MA 01453 (2 units) has an estimated 5.03% cap rate at its $475,000 list price, assuming $3,200/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 218 Central Street, Leominster, MA 01453?

The MLS listing reports about $3,200/month in total rent for a 2-unit multi-family in 01453. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active Under Contract

32 Days on market

218 Central Street Leominster — Photo 1 of 29

$475,000

Investment Analysis — 218 Central Street

Leominster, MA 01453

Based on rent reported on the MLS listing, a 2-unit multi-family in 01453 carries $3,200/mo in gross rent — about a 5.03% cap rate and $23,879/yr in estimated NOI at the $475,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

1,632

Style

2 Family - 2 Units Up/Down

Built

1960

Welcome to this charming multifamily gem in downtown Leominster! Ideally located right off Route 12 with effortless access to Route 2 and Route 190, this property offers two thoughtfully designed units. Each unit boasts a welcoming front porch, a spacious eat-in kitchen, a living room bathed in natural light from large windows, two cozy bedrooms, a full bathroom, and the convenience of in-unit laundry. Outdoors, you'll appreciate a generous parking area and a large backyard perfect for all your outdoor activities. Whether you're an investor or a homeowner seeking rental income potential, this property blends comfort with convenience in a prime location. Second floor needs to find suitable housing.

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

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Financials

Original Price$475,000

Annual Taxes$5,305

Parking

Garage0

Off-Street4

Interior Specifications

Total Rooms8

FireplacesNone

FlooringVaries, Laminate, Hardwood

BasementFull, Walk-Out Access, Dirt Floor, Unfinished

Climate & Utilities

HeatingBaseboard, Oil

CoolingNone

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationConcrete Perimeter, Block

ZoningR

Property & Lot

Acres0.43

SqFt Lot18,757

Lot FeaturesCleared, Level

Neighborhood

Public Transportation • Shopping

Geography

Listing Provided By

Listing Agent: Cyndi Deshaies

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73568328