Two-Unit Residential Income
663 Main Street Leominster, MA 01453
663 Main Street, Leominster, MA, 01453
$694,900
For Sale
$694,900
Two fully updated units offer separate utilities and off-street parking on a multi-level residential property.
Property Size3,132 SF
Price / SF$221.87
Days on Market154
Property Features for 663 Main Street
General Information
- Standard status
- Active
- Size
- 3,132 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1916
Listing agency
Coldwell Banker Realty - Leominster
(978) 840-4014
Listed by
Michael Beaudoin · License #9052861
(978) 840-4014
Source
Compass
Added: Feb 18 Updated: Jul 20 at 7:32PM Checked: Jul 22 at 10:49AM
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 two-unit duplex provides three levels of living space with a total of 13 rooms across six bedrooms and two full bathrooms. Off-street parking and a large backyard are included, along with low-maintenance vinyl siding. Both units feature recent renovations that include updated heating, roofs, flooring, doors, lighting, kitchens, baths, hot water heater, and interior and exterior paint. The electrical and plumbing systems have also been updated.
The property is located at 663 Main Street in Leominster, Massachusetts. Each unit has separate utilities, with heat, electric, and hot water paid by the tenants.
Unit 1 is configured with two bedrooms and one full bath, and includes a brand-new kitchen with granite countertops, stainless steel appliances, and new cabinets. Unit 2 offers two levels of living space with four bedrooms, a newly updated full bath with tile flooring, a new eat-in kitchen, and a new laundry room, supported by gas heat.
The property is located at 663 Main Street in Leominster, Massachusetts. Each unit has separate utilities, with heat, electric, and hot water paid by the tenants.
Unit 1 is configured with two bedrooms and one full bath, and includes a brand-new kitchen with granite countertops, stainless steel appliances, and new cabinets. Unit 2 offers two levels of living space with four bedrooms, a newly updated full bath with tile flooring, a new eat-in kitchen, and a new laundry room, supported by gas heat.
Key Highlights
- Two‑unit multi with separate utilities (heat/electric/hot water paid by tenants) and off‑street parking
- Entire building recently renovated with new heating, roofs, flooring, doors, lighting, kitchens, baths, hot water heater, and interior/exterior paint
- 1st apartment: 2 bedrooms, 1 full bath; brand new kitchen with granite counters and stainless appliances; new bath with tile floor
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 | $62.0k | $19.80 |
| − Vacancy | −$1.5k | −$0.49 |
| EGI | $60.5k | $19.31 |
| − OpEx | −$18.1k | −$5.79 |
| NOI | $42.3k | $13.52 |
3,132 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$604.8K
$529.2K – $705.6K
NOI $42,337 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$526.4K
$460.6K – $614.1K
NOI $36,845 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.07M
$935.8K – $1.25M
NOI $74,867 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two fully updated units offer separate utilities and off-street parking on a multi-level residential property.
Where is this duplex located?
The property is located at 663 Main Street Leominster, MA.
What is the asking price?
The asking price for this property is $694,900.
What are key features of this property?
This property features: Two‑unit multi with separate utilities (heat/electric/hot water paid by tenants) and off‑street parking; Entire building recently renovated with new heating, roofs, flooring, doors, lighting, kitchens, baths, hot water heater, and interior/exterior paint; 1st apartment: 2 bedrooms, 1 full bath; brand new kitchen with granite counters and stainless appliances; new bath with tile floor
