Updated
New
For Sale
$630,000
346 Central Street, Leominster, MA 01453
Both residences offer three-bedroom layouts, with shopping and restaurants among the nearby amenities.
Property Size2,324 SF
Price / SF$271.08
Days on Market5
Property Features for 346 Central Street
General Information
Standard status
Active
Size
2,324 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Invest Realty Group
Listed By:
Anderson De Andrade
(857) 222-7195
Source:
Foster-healey
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 1:21PM
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 Invest Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex in Leominster, Massachusetts, was built in 1900 and contains two residences, each with three bedrooms. The property has an updated kitchen and bathrooms.
Shopping, restaurants, and other local amenities are nearby. The two-unit configuration includes the option to occupy one residence while renting the other.
Shopping, restaurants, and other local amenities are nearby. The two-unit configuration includes the option to occupy one residence while renting the other.
Key Highlights
- Two‑unit duplex
- Each residence has three bedrooms
- Updated kitchen and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,415
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,300
$628.3K
Cap Rate 7%
$448,786
$448.8K
Cap Rate 9%
$349,056
$349.1K
Market Conditions
NOI Build-Up for 2,324 SF
Gross rent
$46.0K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$44.9K $19.31/SF
− OpEx
−$13.5K −$5.79/SF
NOI
$31.4K $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%
$628,300
Cap Rate 7%
$448,786
Cap Rate 9%
$349,056
Alternative Uses
Best Use
Multifamily LT 5
$448.8K
$392.7K – $523.6K
NOI $31,415 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$390.6K
$341.7K – $455.7K
NOI $27,339 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$793.6K
$694.4K – $925.9K
NOI $55,553 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three-bedroom layouts, with shopping and restaurants among the nearby amenities.
Where is this duplex located?
The property is located at 346 Central Street Leominster, MA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Two‑unit duplex; Each residence has three bedrooms; Updated kitchen and bathrooms
