Two-Home Duplex with Covered
29 Morningside St Leominster, MA 01453
New
29 Morningside St, Leominster, MA, 01453
$749,900
For Sale
$749,900
MULTI_FAMILY - Leominster, MA
Property Size3,488 SF
Lot Size0.54 Acres
Price / SF$214.99
Days on Market3
Property Features for 29 Morningside St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RA
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Parking
- 13
- Standard status
- Active
- APN
- M:0578 B:0048 L:0000,1590235
- Size
- 3,488 SF
- Lot size
- 0.54 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9241
Building Details
- Year built
- 2005
- Floors in Building
- 3
- Number of units
- 2
Listing Agency
Keller Williams Realty Evolution
(978) 927-8700
500 Cummings Center, Suite 1550, Beverly, MA
Listed by
Keller Williams Realty Evolution
Added: Jul 18 Checked: Jul 20 at 12:06 am
MLS# 73551774
Listing URL
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.
Investment Insights
Based on property information with market context.
This two-home duplex property combines two separate residences into one offering, connected by a covered breezeway. The original home is a 2-bedroom ranch built in 1956 with one full bath and an attached one-car garage. A newer 3-bedroom home was custom built in 2005 and includes 1.5 baths.
A standout improvement is the heated four-car garage, which also includes workshop space and an air compressor. The homes sit on a landscaped, partially wooded half-acre lot.
The property is zoned RA and is in Leominster, with easy access to the commuter line.
A standout improvement is the heated four-car garage, which also includes workshop space and an air compressor. The homes sit on a landscaped, partially wooded half-acre lot.
The property is zoned RA and is in Leominster, with easy access to the commuter line.
Key Highlights
- Total 3,488 sq ft living space on a landscaped, partially wooded half‑acre lot
- Two homes connected by a covered breezeway for combined or flexible living arrangements
- Heated four‑car garage with workshop space and an air compressor
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two residences are connected by a covered breezeway and supported by a heated four-car garage with workshop 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: Total 3,488 sq ft living space on a landscaped, partially wooded half‑acre lot; Two homes connected by a covered breezeway for combined or flexible living arrangements; Heated four‑car garage with workshop space and an air compressor
