Renovated Two-Family
11 Pine Street Leominster, MA 01453
11 Pine Street, Leominster, MA, 01453
$595,000
For Sale
$595,000
Fully renovated two-family with gas heat, updated electrical, in-unit laundry in the second unit, and off-street parking.
Property Size2,216 SF
Price / SF$268.50
Days on Market115
Property Features for 11 Pine Street
General Information
- Standard status
- Active
- Size
- 2,216 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Partners
Listed by
James Kalogeropoulos
(413) 584-2900
Source
Mapleandmainrealty
Added: Mar 30 Updated: Jul 20 at 11:22PM Checked: Jul 21 at 6:23AM
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 RE/MAX Partners
Investment Insights
Based on property information with market context.
This well-maintained two-family home has been fully renovated throughout, with new flooring and fresh paint. The first-floor unit offers a spacious kitchen with a full set of stainless steel appliances and hardwood flooring. The second unit is turnkey and includes in-unit washer and dryer for added convenience.
Located at 11 Pine Street in Leominster, the property is described as just moments from downtown. Additional features include off-street parking, updated electrical, gas heat, and a professionally landscaped, fenced-in yard.
Overall, the residence presents as a clean, updated multifamily with practical day-to-day benefits already in place for owner-occupants or tenants.
Located at 11 Pine Street in Leominster, the property is described as just moments from downtown. Additional features include off-street parking, updated electrical, gas heat, and a professionally landscaped, fenced-in yard.
Overall, the residence presents as a clean, updated multifamily with practical day-to-day benefits already in place for owner-occupants or tenants.
Key Highlights
- Well‑maintained two‑family, fully renovated with new flooring and fresh paint
- Second‑unit includes in‑unit washer and dryer
- First‑floor unit features a spacious kitchen with a full set of stainless steel appliances and hardwood flooring
Local Financial Insights For Multifamily LT 5
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 | $43.9k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $42.8k | $19.31 |
| − OpEx | −$12.8k | −$5.79 |
| NOI | $30.0k | $13.52 |
2,216 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.9K
$374.4K – $499.3K
NOI $29,955 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$372.4K
$325.9K – $434.5K
NOI $26,069 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$756.7K
$662.1K – $882.9K
NOI $52,971 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated two-family with gas heat, updated electrical, in-unit laundry in the second unit, and off-street parking.
Where is this duplex located?
The property is located at 11 Pine Street Leominster, MA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Well‑maintained two‑family, fully renovated with new flooring and fresh paint; Second‑unit includes in‑unit washer and dryer; First‑floor unit features a spacious kitchen with a full set of stainless steel appliances and hardwood flooring
