485 Central Street Leominster — Photo 1 of 23
Recent Drop: $10,000
$475,000
Investment Analysis — 485 Central Street
Leominster, MA 01453
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01453 carries an estimated $2,380/mo in gross rent — about a 3.40% cap rate and $16,172/yr in estimated NOI at the $475,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,876
Style
Single Family
Built
1955
**PRICE IMPROVEMENT**Welcome to 485 Central Street! Conveniently located near major highways, shopping, and local amenities, this 3-bedroom, 1.5-bath home offers the perfect blend of comfort and convenience. The main level provides a functional layout, while the basement features a finished bonus room that can be used as a home office, gym, playroom, or additional living space. Outside, enjoy a private backyard with a firepit, creating the perfect setting for gatherings with family and friends. Whether you're a first-time buyer or looking for more space, this home offers plenty of potential in a desirable Leominster location.
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: 900 sq ft (the lesser of 900 sq ft or half the 1,876 sq ft principal dwelling). Lot size: 17,974 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer
Neighborhood
Public Transportation • Shopping • Park • Highway Access • Public School
Geography
Property History
$475,000
Was $485,000
Aug 1, 2026
MLS® 73532033
$485,000
Jun 8, 2026
MLS® 73532033
$480,000
May 31, 2025
MLS® 73341879
$480,000
Mar 5, 2025
MLS® 73341879
Listing Agent: Joseph Braga
Listing Office: Keller Williams Realty-Merrimack
MLS® Number: 73532033