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    59 Church St Leominster, MA 01453

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    For Sale
    $685,000

    Multi-unit property with value-add potential in Leominster, MA.

    Lot size:
    0.23 Acres

    Property Features for 59 Church St

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1910

    Source: Naples Realty Group Agent The Merrill Group

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

    Overview

    Leominster Multi-Unit Property For Sale

    This multi-unit property features three fully occupied units: two apartments with three bedrooms and one bathroom each, and one unit with one bedroom and one bathroom. There is a value-add opportunity to restore a previously legal basement unit that was lost due to fire. Recent updates since 2023 include three bathroom renovations, electrical systems and breakers, exit systems, thermostats on the first and second floors, three new water heaters, updated plumbing, and a natural gas steam boiler. The property includes a large off-street parking lot and three garage spaces. Seller financing may be available.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.76014
    Latitude
    42.5289769

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    FAQs

    What type of property is this?
    Triplex - Multi-unit property with value-add potential in Leominster, MA.
    Where is this triplex located?
    The property is located at 59 Church St Leominster, MA.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: - Three fully occupied units provide immediate rental income.; - Significant value-add opportunity exists with potential restoration of a previously legal basement unit.; - Recent updates since 2023 include bathroom renovations, electrical systems and breakers, exit systems, thermostats, water heaters, and updated plumbing.
    (413) 478-8354
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    59 Church 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
    59 Church St Leominster, MA 01453
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