Two-Family Property for
183 Hall St, Leominster, MA 01453
For Sale
New
$299,900
Residential Income, Leominster, MA
Property Size1,452 SF
Lot Size0.15 Acres
Price / SF$206.54
Days on Market5
Property Features for 183 Hall St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Realty North Central
Listed By:
Rochelle Jonswold
(978) 840-9000
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 7 at 5:06PM
MLS# 73598029
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 183 Hall St in Leominster, this 1,452-square-foot residence was built in 1905 and is currently arranged as a single-family home. The city identifies it as a two-family residence, with any conversion subject to verification and approvals. The property needs significant rehabilitation; its heating system and water heater condition are undetermined. A basement leak caused flooding in August 2026. The home has a covered front porch, vinyl siding, 200-amp electrical service, a roof installed in 2025, leased solar panels, town water and sewer, and off-street parking. The utilities are off, and the property has been winterized. It is being sold as-is with remaining contents, and caution is required while it remains under construction.
The property occupies a 0.1522-acre corner lot and is zoned RA. Leominster Hospital, shopping, restaurants, and major commuter routes are noted nearby.
The property occupies a 0.1522-acre corner lot and is zoned RA. Leominster Hospital, shopping, restaurants, and major commuter routes are noted nearby.
Key Highlights
- City identifies the residence as two‑family; currently configured as a single‑family home, with conversion subject to verification and approvals
- 1,452 square feet on a 0.1522‑acre corner lot
- Significant rehabilitation needed; basement flooded in August 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,628
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,560
$392.6K
Cap Rate 7%
$280,400
$280.4K
Cap Rate 9%
$218,089
$218.1K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$28.7K $19.80/SF
− Vacancy
−$710 −$0.49/SF
EGI
$28.0K $19.31/SF
− OpEx
−$8.4K −$5.79/SF
NOI
$19.6K $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%
$392,560
Cap Rate 7%
$280,400
Cap Rate 9%
$218,089
Alternative Uses
Best Use
Multifamily LT 5
$280.4K
$245.4K – $327.1K
NOI $19,628 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$244.0K
$213.5K – $284.7K
NOI $17,081 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$495.8K
$433.9K – $578.5K
NOI $34,709 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
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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
$345,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Leominster, MA
Properties on Market for Duplexes in Leominster
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The existing single-family layout may be reworked for two-family use, subject to city verification and required approvals.
Where is this duplex located?
The property is located at 183 Hall St Leominster, MA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: City identifies the residence as two‑family; currently configured as a single‑family home, with conversion subject to verification and approvals; 1,452 square feet on a 0.1522‑acre corner lot; Significant rehabilitation needed; basement flooded in August 2026
