Victorian 4-Unit Multifamily with
125 Walnut St Leominster, MA 01453
New
125 Walnut St, Leominster, MA, 01453
$799,900
For Sale
$799,900
Four-unit Victorian property with wrap-around porch, separate utilities, gas heat in each unit, and off-street parking.
Property Size3,773 SF
Price / SF$212.01
Days on Market7
Property Features for 125 Walnut St
General Information
- Standard status
- Active
- Size
- 3,773 SF
- Property subtype
- 4 Family
Building Details
- Year Built
- 1900
Listing agency
Quinsigamond Realty
(774) 696-1169
Listed by
Kim German
(774) 696-1169
Source
Lockandkeyre
Added: Jul 16 Updated: Jul 22 at 7:16AM Checked: Jul 22 at 7:16AM
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 Quinsigamond Realty
Investment Insights
Based on property information with market context.
This Victorian-style multifamily features four separate units and a wrap-around porch. The first-floor unit includes high ceilings, a large kitchen with center island, upgraded cabinetry, and granite surfaces, along with a dining room with hardwood floors that opens to the living room with a fireplace and built-ins. It also offers an interior office area, a spacious bedroom with an oversized closet, a bonus room, and an in-unit bath with shower and laundry. Three additional units provide two 1-bedroom layouts and one studio with a full kitchen, bath, and walk-in closet.
The property includes three garages and exceptional off-street parking with two spaces allocated for each apartment. Updates include a new roof and a new driveway. Utilities are separate for each unit, with gas heating provided in each unit. The owner pays for hot water for the building, as well as water and sewer, and the property has long-term tenants.
For sale at 125 Walnut St, Leominster, MA, the building is presented as a straightforward income property with multiple unit configurations and dedicated parking.
The property includes three garages and exceptional off-street parking with two spaces allocated for each apartment. Updates include a new roof and a new driveway. Utilities are separate for each unit, with gas heating provided in each unit. The owner pays for hot water for the building, as well as water and sewer, and the property has long-term tenants.
For sale at 125 Walnut St, Leominster, MA, the building is presented as a straightforward income property with multiple unit configurations and dedicated parking.
Key Highlights
- Victorian‑style 4‑unit building with a wrap‑around porch and high‑ceiling first‑floor unit
- New roof and new driveway plus 3 garages and exceptional off‑street parking (2 spaces per apartment)
- Each unit has separate utilities and all gas heating
Local 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 | $82.9k | $21.96 |
| − Vacancy | −$2.2k | −$0.57 |
| EGI | $80.7k | $21.39 |
| − OpEx | −$36.3k | −$9.63 |
| NOI | $44.4k | $11.76 |
3,773 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$634.1K
$554.8K – $739.8K
NOI $44,385 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,190 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Four-unit Victorian property with wrap-around porch, separate utilities, gas heat in each unit, and off-street parking.
Where is this multifamily property located?
The property is located at 125 Walnut St Leominster, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Victorian‑style 4‑unit building with a wrap‑around porch and high‑ceiling first‑floor unit; New roof and new driveway plus 3 garages and exceptional off‑street parking (2 spaces per apartment); Each unit has separate utilities and all gas heating
