Two-Unit Residential Income
30 Elm Street Leominster, MA 01453
For Sale
$649,900
Classic two-unit home with in-unit laundry, eat-in kitchens, a partially finished basement, and off-street parking.
Property Size2,712 SF
Price / SF$239.64
Days on Market60
Property Features for 30 Elm Street
General Information
- Standard status
- Active
- Size
- 2,712 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1896
Listing Agency:
Coldwell Banker Realty - Leominster
Listed By:
Michael Beaudoin
(978) 658-2345
Source:
Wilsonwolfe
Added: May 25
Changed: Jul 22
Last Checked: Jul 22 at 11:06AM
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 Coldwell Banker Realty - Leominster
Investment Insights
Based on property information with market context.
This classic two-unit residential income property features two separate units in a single home configuration, each with in-unit laundry and an eat-in kitchen. Unit #1 offers three bedrooms, a fully updated bathroom, a wood-burning fireplace, gas heat and hot water, a side porch, and custom built-ins. Unit #2 also provides three bedrooms, an enclosed side porch, and direct access to an unfinished attic.
The partially finished basement includes a half bath, a walk-out, and separate utilities serving the gas heat, hot water, and electric. Exterior features include a slate roof, vinyl replacement windows, an outdoor storage shed, and a U-shaped driveway on a spacious level lot.
Additional architectural details referenced in the remarks include ornate wood balusters, a grand staircase, 9' ceilings, and a farmer’s porch.
The partially finished basement includes a half bath, a walk-out, and separate utilities serving the gas heat, hot water, and electric. Exterior features include a slate roof, vinyl replacement windows, an outdoor storage shed, and a U-shaped driveway on a spacious level lot.
Additional architectural details referenced in the remarks include ornate wood balusters, a grand staircase, 9' ceilings, and a farmer’s porch.
Key Highlights
- Classic 2‑unit multifamily home built in 1896 with 6 bedrooms and 2.5 baths total
- Unit #1: 3 bedrooms, updated full bath, in‑unit laundry, eat‑in fully appliance kitchen, wood‑burning fireplace, gas heat and hot water
- Unit #2: 3 bedrooms, eat‑in kitchen, full bath, in‑unit laundry, enclosed side porch, and direct access to an unfinished attic
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 | $53.7k | $19.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $52.4k | $19.31 |
| − OpEx | −$15.7k | −$5.79 |
| NOI | $36.7k | $13.52 |
2,712 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$523.7K
$458.3K – $611.0K
NOI $36,660 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$455.8K
$398.8K – $531.7K
NOI $31,904 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$926.1K
$810.4K – $1.08M
NOI $64,828 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Classic two-unit home with in-unit laundry, eat-in kitchens, a partially finished basement, and off-street parking.
Where is this duplex located?
The property is located at 30 Elm Street Leominster, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Classic 2‑unit multifamily home built in 1896 with 6 bedrooms and 2.5 baths total; Unit #1: 3 bedrooms, updated full bath, in‑unit laundry, eat‑in fully appliance kitchen, wood‑burning fireplace, gas heat and hot water; Unit #2: 3 bedrooms, eat‑in kitchen, full bath, in‑unit laundry, enclosed side porch, and direct access to an unfinished attic
