Triplex with
New
For Sale
$639,900
167 Seventh St, Leominster, MA 01453
Three apartments occupy a two-story residence with a private yard and solar panels.
Property Size2,800 SF
Price / SF$228.54
Days on Market5
Property Features for 167 Seventh St
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Amenities
private yard
solar panels
parking
shed
laundry hook-ups
sunporch
Building Details
Year Built
1924
Buildings
1
Stories
2
Construction
colonial
Listing Agency:
Paul Litchfield, Pm Litchfield Real Estate Services Inc
Listed By:
David Sampson Group
(617) 595-5082
Source:
Sampsonrealtygroup
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 8:53AM
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 Paul Litchfield, Pm Litchfield Real Estate Services Inc
Investment Insights
Based on property information with market context.
This 2,800-square-foot, two-story triplex was built in 1924 and contains three apartments. The first-floor unit has six rooms and measures 1,400 square feet. Sunporches are present on each level, and the property also includes a private yard, shed, and solar panels. The residence has three full bathrooms, including one with a walk-in shower, and a kitchen with a peninsula.
A large basement provides laundry hookups for the two upper apartments; the first-floor unit has hookups in its front foyer. Tenant parking is available behind the property. The property is near Monument Square and Leominster center amenities, with the T a short drive away.
A large basement provides laundry hookups for the two upper apartments; the first-floor unit has hookups in its front foyer. Tenant parking is available behind the property. The property is near Monument Square and Leominster center amenities, with the T a short drive away.
Key Highlights
- Three apartments in a two‑story, 2,800‑square‑foot triplex
- Built in 1924
- First‑floor apartment has 6 rooms and 1,400 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,849
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,980
$757.0K
Cap Rate 7%
$540,700
$540.7K
Cap Rate 9%
$420,544
$420.5K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$55.4K $19.80/SF
− Vacancy
−$1.4K −$0.49/SF
EGI
$54.1K $19.31/SF
− OpEx
−$16.2K −$5.79/SF
NOI
$37.8K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,980
Cap Rate 7%
$540,700
Cap Rate 9%
$420,544
Alternative Uses
Best Use
Multifamily LT 5
$540.7K
$473.1K – $630.8K
NOI $37,849 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$470.6K
$411.7K – $549.0K
NOI $32,939 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$956.2K
$836.6K – $1.12M
NOI $66,931 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Explore this area
Business Placement
Demographics for 01453, MA
43,752
Population
18,895
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
90%
High-School Grad
26.4 sq mi
ZIP Area
1,657
Density / Sq Mi
$82,098
Median Household Income
$52,247
Median Earnings
$1,282
Median Rent
$345,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments occupy a two-story residence with a private yard and solar panels.
Where is this triplex located?
The property is located at 167 Seventh St Leominster, MA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Three apartments in a two‑story, 2,800‑square‑foot triplex; Built in 1924; First‑floor apartment has 6 rooms and 1,400 square feet
