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Leominster Four-Family Investment Opportunity

33-35 Lancaster St, Leominster, MA 01453

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For Sale

Under Contract

$879,000

MULTI_FAMILY - Leominster, MA

Property size:

3,630 SF

Lot size:

0.16 Acres

Price / SF:

$242/SF

HighLights

Four‑family property built in 1900 with multiple 2‑bedroom units
Unit mix includes 2‑bedroom units on the first, second, and third floors, plus a 1‑bedroom basement apartment with slider off the living room
In‑unit washers and dryers for units 1, 2, and 3
Each unit is separately metered for gas and electric
New ductless mini‑split systems provide heating and cooling
Large rooms with hardwood floors; upgraded kitchens with granite countertops and updated bathrooms throughout

We can help!

Listing Contact

John Veneziano

For Sale

Under Contract

$879,000

MULTI_FAMILY - Leominster, MA

Property size:

3,630 SF

Lot size:

0.16 Acres

Price / SF:

$242/SF

Added:: May 6, 2026
Days on Market:: 48
Last Refresh:: Jun 22 at 7:06 pm

Property Features for 33-35 Lancaster St

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RC
Bedrooms: 8
Bathrooms: 4
Rooms: Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Bathroom 1, Bathroom 2, Bedroom 8, Bedroom 2
Parking: 11
Standard status: Active Under Contract
Size: 3,630 SF
Lot size: 0.16 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 8353

Building Details

Year built: 1900
Floors in Building: 4
Number of units: 4

We can help!

Listing Contact

John Veneziano

Listing agent John Veneziano

Listing office REMAX Andrew Realty Services 9 Main St., Medford, MA

Listing date May 6, 2026

MLS# 73513673 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.

HighLights

Four‑family property built in 1900 with multiple 2‑bedroom units
Unit mix includes 2‑bedroom units on the first, second, and third floors, plus a 1‑bedroom basement apartment with slider off the living room
In‑unit washers and dryers for units 1, 2, and 3
Each unit is separately metered for gas and electric
New ductless mini‑split systems provide heating and cooling
Large rooms with hardwood floors; upgraded kitchens with granite countertops and updated bathrooms throughout

Overview

Located in the heart of Leominster, 33-35 Lancaster Street presents a rare opportunity to own a well-maintained four-family property. This investment features spacious units, including two-bedroom units on the first, second, and third floors. The third-floor unit also includes a bonus room suitable for an office or den. Additionally, there is a one-bedroom open-concept basement apartment with a slider off the living room. The property boasts large rooms and hardwood floors. Units 1, 2, and 3 have the convenience of in-unit washers and dryers. Each unit is separately metered for gas and electric. New ductless mini-split systems provide both heating and cooling. Most units include desirable features such as pantries and enclosed porches, excluding the basement unit. Recent updates enhance the property's appeal, including upgraded kitchens with granite countertops and cabinetry, as well as improved bathrooms throughout. The property, situated on a 0.1589-acre lot, offers off-street parking and a large rear lot providing ample parking for tenants. The building size is 3,630 square feet. The zoning is RC.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$71.9k	$19.80
− Vacancy	−$1.8k	−$0.49
EGI	$70.1k	$19.31
− OpEx	−$21.0k	−$5.79
NOI	$49.1k	$13.52

3,630 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$701.0K

$613.4K – $817.8K (±1% cap)

NOI $49,069 @ 7.0% cap · market cap 5.58%

Second Best

Apartment 5plus

$610.0K

$533.8K – $711.7K (±1% cap)

NOI $42,703 @ 7.0% cap · market cap 4.86%

Theoretical Best

Office A

$1.24M

$1.08M – $1.45M (±1% cap)

NOI $86,772 @ 7.0% cap · market cap 9.87%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Leominster
County: Worcester
State: Massachusetts
Longitude: -71.757643
Latitude: 42.522832

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For sale
Quadplexes
MA
Leominster
01453
33-35 Lancaster St

What type of property is this?

Quadplex - Well-maintained four-family property in Leominster with spacious units.

Where is this quadplex located?

The property is located at 33-35 Lancaster St Leominster, MA.

What is the asking price?

The asking price for this property is $879,000.

What are key features of this property?

This property features: Four‑family property built in 1900 with multiple 2‑bedroom units; Unit mix includes 2‑bedroom units on the first, second, and third floors, plus a 1‑bedroom basement apartment with slider off the living room; In‑unit washers and dryers for units 1, 2, and 3

33-35 Lancaster St, Leominster, MA 01453

MULTI_FAMILY - Leominster, MA

Property Features for 33-35 Lancaster St

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Three-Unit Residential Income Property

Leominster Multi-Family Investment Opportunity

Renovated Industrial Building Near Downtown

Three-Family Colonial Residence

Three-Unit Multi-Family Property

Downtown Leominster 6-Unit Investment Property

Renovated Two-Family Home

Well-Maintained Four-Family Property

Leominster Turnkey Two-Family Property

Leominster Multifamily Property For Sale

Leominster Industrial Warehouse Investment

Leominster Multifamily Property For Sale

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