16 Central Ct, Leominster, MA 01453
Two-family cape on dead-end street, ideal for investors.
- Added:
- Apr 20, 2026
- Days on Market:
- 50
- Last Refresh:
- Apr 21 at 1:35 pm
Property Features for 16 Central Ct
General Information
- Standard status
- Active
- Size
- 2,070 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1940
Listing agent John Martein
Listing office RE/MAX Innovative Properties
Listing date Apr 20, 2026
Source Reishomesearch
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 Innovative Properties
HighLights
- Excellent investment opportunity: Two‑family cape located on a quiet dead‑end street.
Overview
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 | $41.0k | $19.80 |
| − Vacancy | −$1.0k | −$0.49 |
| EGI | $40.0k | $19.31 |
| − OpEx | −$12.0k | −$5.79 |
| NOI | $28.0k | $13.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Leominster
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7594021
- Latitude
- 42.5198379
