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    498 Lancaster St Leominster, MA 01453

    Pending
    For Sale
    $650,000

    3 Family - 3 Units Up/Down - Leominster, MA

    Property size:
    2,497 SF
    Lot size:
    0.26 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 498 Lancaster St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    RES
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    3
    Parking
    8
    Parking features
    Off Street, Paved or Surfaced
    Size
    2,497 SF
    Lot size
    0.26 Acres

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    3
    Architectural style
    Other

    Keller Williams Realty North Central (978) 840-9000 [email protected]

    Listing agent Kelle O'Keefe (978) 840-9000

    Listing date Dec 4, 2025

    MLS# 73426849 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leominster Triplex with Upgrades

    This tri-level, three-unit multifamily property is situated on a corner lot in a desirable neighborhood of Leominster. The property includes ample parking. Upgrades have been made to the units under current ownership, including kitchens with cabinets, countertops, and stainless steel appliances, as well as gas stoves. The third level also features a dishwasher. New flooring, including carpet tile and laminate, has been installed, and some units feature hardwood flooring. Bathrooms have been updated with new vanities and flooring. The first and second floors each offer spacious eat-in kitchens, living rooms, and three bedrooms. The third floor includes two bedrooms and a heated, enclosed sunroom. The property features large kitchens with room for a dining area. Some windows have been replaced over time. Covered porches are included. Each unit has separate heating and electric, with a common landlord panel. There is a separate on-wall mount hot water heater for washer hookups and a coin-operated dryer. The property includes a level grass yard. The property size is 2497 square feet and the lot size is 0.26 acres.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.741091
    Latitude
    42.512399

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    FAQs

    What type of property is this?
    Triplex - Three-unit multifamily property featuring upgraded kitchens and bathrooms.
    Where is this triplex located?
    The property is located at 498 Lancaster St Leominster, MA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Three-unit multi-family property offering income potential.; - Upgraded units with renovated kitchens featuring cabinets, countertops, stainless steel appliances, and gas stoves, plus renovated bathrooms with vanities and flooring.; - Below-market rents present an opportunity to increase income (3-bedroom units: $2000-$2200 potential, 2-bedroom unit: $1800-$2000 potential).
    (978) 840-9000
    Request Owner's contact information
    498 Lancaster St Leominster, MA 01453
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    Leominster, MA 01453
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    498 Lancaster St Leominster, MA 01453
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