Leominster Multifamily Property For
For Sale
$499,000
10 Green St, Leominster, MA 01453
Well-maintained multifamily property with expansion possibilities in a growing market.
Property Size1,854 SF
Lot Size0.22 Acres
Price / SF$269.15
Days on Market199
Property Features for 10 Green St
General Information
Standard status
Active
Size
1,854 SF
Total Parking Spaces
8
Lot size
0.22 Acres
Property subtype
Multi-Family
Zoning
I
Taxes and HOA fees
Annual Taxes
$5,633
Building Details
Building Size
1,854 SF
Year Built
1900
Stories
2
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Team Valdez Mejia
(978) 873-2554
Source:
Churchillprop
Added: Apr 14
Changed: Oct 25
Last Checked: Oct 28 at 5:54AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$21,810
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,200
$436.2K
Cap Rate 7%
$311,571
$311.6K
Cap Rate 9%
$242,333
$242.3K
Market Conditions
NOI Build-Up for 1,854 SF
Gross rent
$40.7K $21.96/SF
− Vacancy
−$1.1K −$0.57/SF
EGI
$39.7K $21.39/SF
− OpEx
−$17.8K −$9.63/SF
NOI
$21.8K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,200
Cap Rate 7%
$311,571
Cap Rate 9%
$242,333
Alternative Uses
Best Use
Apartment 5plus
$311.6K
$272.6K – $363.5K
NOI $21,810 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.1K
$554.0K – $738.6K
NOI $44,318 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
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Business Placement
Demographics for 01453, MA
43,752
Population
18,895
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
90%
High-School Grad
26.4 sq mi
ZIP Area
1,657
Density / Sq Mi
$82,098
Median Household Income
$52,247
Median Earnings
$1,282
Median Rent
$345,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $499,000.
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.
