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    39 Laurel St Leominster, MA 01453

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    For Sale
    $599,000

    Three-unit property with upgrades, off-street parking, and income potential.

    Lot size:
    0.23 Acres

    Property Features for 39 Laurel St

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1880

    Source: Parkhill Realty Group Agent Kenneth Maston

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pristine Three-Unit Investment Property

    This three-unit investment property features upgrades and ample off-street parking. The property is currently generating $5500 in monthly rents. It presents an opportunity for owner-occupancy with rental income or as an investment for positive cash flow. Most systems in the home have been upgraded, requiring minimal additional work. Leases with existing tenants may be negotiable, and some rents are below market rate, offering potential for increased income.
    Location Intelligence

    Current Use by Public Records

    New England UFO ... Educational Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7529391
    Latitude
    42.5255639

    Nearby Similar for Sale

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      Leominster Multifamily Investment Opportunity

      Well-maintained Leominster multifamily property, ideal for investors or owner-occupants.
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    • $675,000

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    FAQs

    What type of property is this?
    Triplex - Three-unit property with upgrades, off-street parking, and income potential.
    Where is this triplex located?
    The property is located at 39 Laurel St Leominster, MA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Pristine 3-unit investment property generating $5500 in monthly rental income.; - Opportunity for owner-occupancy with tenant rent offsetting mortgage.; - Upgraded systems requiring minimal additional work.
    (978) 345-2022
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    39 Laurel 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
    39 Laurel St Leominster, MA 01453
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