Duplex with Separate
200 Pleasant Street, Leominster, MA 01453
For Sale
New
$645,500
Both residences include private laundry, and each has its own deck.
Property Size2,040 SF
Price / SF$316.42
Days on Market7
Property Features for 200 Pleasant Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
owned solar panels
smart water and electric monitoring
decks
three-season porch
walk-out basement
walk-up attic
landscaped yard
hardscaping
retaining walls
pergola
patio with firepit
storage shed
in-unit laundry
Building Details
Year Built
Buildings
Listing Agency:
Barrett Sotheby's International Realty
Listed By:
St. Martin Team
(508) 344-6665
Source:
Jmulkerinrealty
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 6:07AM
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 Barrett Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,040-square-foot duplex contains two residences, each with two bedrooms and its own laundry. The first-floor home has an updated kitchen with granite counters, a center island and stainless steel appliances, plus a living and dining area, full bath, office nook and walk-out basement access. The second-floor residence includes an eat-in kitchen, living room, updated bathroom, three-season porch and walk-up attic storage.
Separate driveways provide parking for up to 5–6 cars apiece. Outdoor features include decks for both units, a landscaped yard with hardscaping, retaining walls, a pergola and a patio with firepit. A storage shed with loft serves the first-floor unit.
Improvements include a roof installed in 2021, owned solar panels added in 2022 that serve one unit, and a Navien tankless system supplying heat and hot water to Unit 1. Smart water and electric monitoring is also in place.
Separate driveways provide parking for up to 5–6 cars apiece. Outdoor features include decks for both units, a landscaped yard with hardscaping, retaining walls, a pergola and a patio with firepit. A storage shed with loft serves the first-floor unit.
Improvements include a roof installed in 2021, owned solar panels added in 2022 that serve one unit, and a Navien tankless system supplying heat and hot water to Unit 1. Smart water and electric monitoring is also in place.
Key Highlights
- Two residences, each with two bedrooms and private laundry
- 2,040 square feet; built in 1900
- Separate driveways, each accommodating up to 5–6 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,576
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,520
$551.5K
Cap Rate 7%
$393,943
$393.9K
Cap Rate 9%
$306,400
$306.4K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$40.4K $19.80/SF
− Vacancy
−$998 −$0.49/SF
EGI
$39.4K $19.31/SF
− OpEx
−$11.8K −$5.79/SF
NOI
$27.6K $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%
$551,520
Cap Rate 7%
$393,943
Cap Rate 9%
$306,400
Alternative Uses
Best Use
Multifamily LT 5
$393.9K
$344.7K – $459.6K
NOI $27,576 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$342.8K
$300.0K – $400.0K
NOI $23,999 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$696.6K
$609.6K – $812.7K
NOI $48,764 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
865
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 - Both residences include private laundry, and each has its own deck.
Where is this duplex located?
The property is located at 200 Pleasant Street Leominster, MA.
What is the asking price?
The asking price for this property is $645,500.
What are key features of this property?
This property features: Two residences, each with two bedrooms and private laundry; 2,040 square feet; built in 1900; Separate driveways, each accommodating up to 5–6 cars
