Leominster Multifamily Property For
10 Green St Leominster, MA 01453
For Sale
$524,900
Well-maintained multifamily property with expansion possibilities in a growing market.
Property Size1,854 SF
Lot Size0.22 Acres
Price / SF$283.12
Days on Market95
Property Features for 10 Green St
General Information
- Standard status
- Active
- Size
- 1,854 SF
- Lot size
- 0.22 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing Agency:
Keller Williams Realty
(978) 873-2554
Listed By:
Team Valdez Mejia
(978) 873-2554
Source:
Alliancepartnersre
Added: Apr 23
Changed: Jul 10
Last Checked: Jul 26 at 6:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
Located at 10 Green St in Leominster, this multifamily property presents an opportunity for investors and owner-occupants. Constructed in 1900, the property includes approximately 1,854 sq ft of living space, featuring 3 bedrooms and 2 full bathrooms, suitable for rental income or multigenerational living. The property is situated on a spacious lot exceeding 9,600 sq ft, offering outdoor space that allows for expansion, parking, or general outdoor use. The location provides convenient access to downtown Leominster, shopping, restaurants, public transportation, and major commuter routes, which supports long-term rental demand and accessibility.
Key Highlights
- Large 9,600+ sq ft lot offers expansion possibilities, parking, or outdoor enjoyment.
- Excellent location near downtown Leominster, shopping, restaurants, public transportation, and major commuter routes.
- Multi‑family property suitable for investors or owner‑occupants.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $21.96 |
| − Vacancy | −$1.1k | −$0.57 |
| EGI | $39.7k | $21.39 |
| − OpEx | −$17.8k | −$9.63 |
| NOI | $21.8k | $11.76 |
1,854 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$311.6K
$272.6K – $363.5K
NOI $21,810 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.1K
$554.0K – $738.6K
NOI $44,318 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Capital Roofing
Roofing Company
FAQs
What type of property is this?
Multifamily property - Well-maintained multifamily property with expansion possibilities in a growing market.
Where is this multifamily property located?
The property is located at 10 Green St Leominster, MA.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Large 9,600+ sq ft lot offers expansion possibilities, parking, or outdoor enjoyment.; Excellent location near downtown Leominster, shopping, restaurants, public transportation, and major commuter routes.; Multi‑family property suitable for investors or owner‑occupants.
