29-31 Cotton St Leominster, MA 01453
For Sale
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$749,000 — For Sale By Owner 29–31 Cotton St, Leominster 3-Unit Multi-Family 10 Parking Spaces rare value-add investment opportunity in Leominster's RC zoning district. Two spacious 3-bedroom townhouse-style units with private entrances plus a 1-bedroom upper unit — all with separate utilities. The walk-up attic offers significant untapped potential with open space to expand the 1-bedroom unit into additional bedrooms, subject to the buyer's due diligence. Property may qualify for a detached ADU, which could meaningfully boost rental income — contact the municipality for zoning details. Electrical service has room for improvement, giving a savvy buyer immediate equity. Generous backyard, two farmer-style porches, deck, storage shed, and 10 parking spaces. Public sewer and water. Steps from downtown Leominster, schools, and transit with direct access to Routes 2 and 12 — an easy commute to Worcester and Boston.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.