Connected Duplex Residential
29 Morningside St Leominster, MA 01453
For Sale
$749,900
Two homes are connected by a covered breezeway and offer a combined 3,488 sq. ft. of living space.
Property Size3,488 SF
Lot Size0.50 Acres
Price / SF$214.99
Days on Market12
Property Features for 29 Morningside St
General Information
Standard status
Active
Size
3,488 SF
Lot size
0.50 Acres
Property subtype
Duplex
Building Details
Year Built
2005
Listing Agency:
Keller Williams Realty Evolution
(617) 751-0312
Listed By:
Jean-Marie Minton · License #452508574
(617) 751-0312
Source:
Iverty
Added: Jul 18
Changed: Jul 25
Last Checked: Jul 28 at 5:36AM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This connected residential property combines two separate homes into one offering, joined by a covered breezeway. The original home is a 1956-built 2-bedroom ranch with one full bath and an attached one-car garage, providing convenient single-level living. The second home is a custom 3-bedroom residence built in 2005, featuring 1.5 baths. In addition, the property includes a heated four-car garage with workshop space and an air compressor.
Set on a landscaped, partially wooded half-acre lot, the layout supports flexible household living and indoor garage-based utility.
Overall, the improvements include two distinct dwelling components with attached and detached garage functionality, along with the heated multi-car garage and workshop setup.
Set on a landscaped, partially wooded half-acre lot, the layout supports flexible household living and indoor garage-based utility.
Overall, the improvements include two distinct dwelling components with attached and detached garage functionality, along with the heated multi-car garage and workshop setup.
Key Highlights
- Two connected homes offer a combined 3,488 sq. ft. of living space via a covered breezeway.
- 1956 2‑bedroom ranch with 1 full bath and attached one‑car garage for convenient single‑level living.
- Custom 3‑bedroom home built in 2005 by the current owner featuring 1.5 baths.
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 | $69.1k | $19.80 |
| − Vacancy | −$1.7k | −$0.49 |
| EGI | $67.4k | $19.31 |
| − OpEx | −$20.2k | −$5.79 |
| NOI | $47.1k | $13.52 |
3,488 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.6K
$589.4K – $785.8K
NOI $47,150 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$586.2K
$512.9K – $683.9K
NOI $41,033 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,377 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two homes are connected by a covered breezeway and offer a combined 3,488 sq. ft. of living space.
Where is this duplex located?
The property is located at 29 Morningside St Leominster, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two connected homes offer a combined 3,488 sq. ft. of living space via a covered breezeway.; 1956 2‑bedroom ranch with 1 full bath and attached one‑car garage for convenient single‑level living.; Custom 3‑bedroom home built in 2005 by the current owner featuring 1.5 baths.
