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Two-Family Investment Opportunity

59 Lancaster St, Leominster, MA 01453

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For Sale

$559,900

Two-family property near amenities with income potential.

Type:Multi Family Home

Property size:

2,202 SF

Price / SF:

$254/SF

HighLights

Two‑family property ideal for investors or owner‑occupants seeking rental income.
Separate driveways provide convenient off‑street parking for each unit.
Convenient location near shopping, local amenities, and commuter routes.
Each unit offers comfortable living space with functional layouts and good room sizes.
Living room features a classic fireplace and beamed ceiling, adding character.
Enclosed three‑season porch offers additional usable space.

We can help!

Listing Contact

Marcia Williams

Learn more

For Sale

$559,900

Two-family property near amenities with income potential.

Type:Multi Family Home

Property size:

2,202 SF

Price / SF:

$254/SF

Added:: Apr 23, 2026
Days on Market:: 50
Last Refresh:: Apr 23 at 8:17 am

Property Features for 59 Lancaster St

General Information

Standard status: Active
Size: 2,202 SF
Property subtype: Multi Family Home

Building Details

Year Built: 1860

We can help!

Listing Contact

Marcia Williams

Listing agent Marcia Williams

Listing office Simple Key Realty Inc.

Listing date Apr 23, 2026

Source Alliancepartnersre

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 Simple Key Realty Inc.

HighLights

Two‑family property ideal for investors or owner‑occupants seeking rental income.
Separate driveways provide convenient off‑street parking for each unit.
Convenient location near shopping, local amenities, and commuter routes.
Each unit offers comfortable living space with functional layouts and good room sizes.
Living room features a classic fireplace and beamed ceiling, adding character.
Enclosed three‑season porch offers additional usable space.

Overview

This two-family property presents an investment opportunity for investors and owner-occupants. Each unit features functional layouts and comfortable living spaces. The living room includes a fireplace and beamed ceiling. The property provides separate driveways for off-street parking. An enclosed three-season porch offers additional space. The property is located near shopping, local amenities, and commuter routes. The building size is 2202 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.6k	$19.80
− Vacancy	−$1.1k	−$0.49
EGI	$42.5k	$19.31
− OpEx	−$12.8k	−$5.79
NOI	$29.8k	$13.52

2,202 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$425.2K

$372.1K – $496.1K (±1% cap)

NOI $29,766 @ 7.0% cap · market cap 5.32%

Second Best

Apartment 5plus

$370.1K

$323.8K – $431.7K (±1% cap)

NOI $25,904 @ 7.0% cap · market cap 4.63%

Theoretical Best

Office A

$752.0K

$658.0K – $877.3K (±1% cap)

NOI $52,637 @ 7.0% cap · market cap 9.40%

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

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Leominster
County: Worcester
State: Massachusetts
Longitude: -71.7568364
Latitude: 42.5222432

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View Details

For sale
Duplexes
MA
Leominster
01453
59 Lancaster St

What type of property is this?

Duplex - Two-family property near amenities with income potential.

Where is this duplex located?

The property is located at 59 Lancaster St Leominster, MA.

What is the asking price?

The asking price for this property is $559,900.

What are key features of this property?

This property features: Two‑family property ideal for investors or owner‑occupants seeking rental income.; Separate driveways provide convenient off‑street parking for each unit.; Convenient location near shopping, local amenities, and commuter routes.