Residential Income

Princeton, MA Residential Income Properties for Sale

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Five-Unit Multifamily Investment
Updated: Jul 25
Five-Unit Multifamily Investment

66 Main St, Princeton, MA 01541

$835,000
5‑unit multifamily in Princeton; 4 of 5 units are currently occupied with in‑place gross annual rent of $67,800 ($5,650/month).
Unit mix and rents: 1BR leased $1,300/mo; 2BR/1BA leased $1,700/mo; 1BR leased $1,400/mo; 3BR/1BA vacant at $2,000/mo; 1BR leased $1,250/mo.
5,654 SF building with 9 bedrooms and 5 bathrooms total; 1860 year built.
Vacant unit provides potential upside—market rent listed at $2,000/mo, for total potential gross rent of $91,800/year.
Oil heat with landlord‑paid heating (per provided remarks).
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Princeton, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Remodeled 14-Bedroom Multifamily Property
Remodeled 14-Bedroom Multifamily Property

86-88 Cottage St, Leominster, MA 01453

$1,200,000
6,171 sqft

Three-story residential income property with remodeled living areas, updated kitchen appliances, laundry space, porches, and on-site parking.

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Two-Unit Duplex with Walk-Up Attic
Two-Unit Duplex with Walk-Up Attic

155 Pond Street, Leominster, MA 01453

$574,900
1,716 sqft

Duplex offers two bedrooms per unit, separate utilities, and a walk-up attic with room to expand.

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Duplex with Off-Street Parking
Duplex with Off-Street Parking

206 Union Street, Leominster, MA 01453

$610,000
1,935 sqft

One unit is vacant, while the other is tenant-occupied and generating rental income.

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Four-Bedroom Duplex with In-Law Suite
Four-Bedroom Duplex with In-Law Suite

101 Long Hill Dr, Leominster, MA 01453

$544,900
1,806 sqft 0.38 AC lot

Separate-entry apartment and fenced outdoor areas support flexible residential use.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land in Desirable Leominster Location
Land in Desirable Leominster Location

Elm St lot: 1, Leominster, MA 01453

$180,000
3.01 AC lot

Expansive 3+ acre lot perfect for building your dream home.

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Development Land Near Lake Whalom
Development Land Near Lake Whalom

365 Hollis Hill Road, Lunenburg, MA 01462

$1,350,000
34.00 AC lot

34 acres of wooded parcels for single-family residences development.

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Northborough Buildable Lot Near Mt. Pisgah
Northborough Buildable Lot Near Mt. Pisgah

429 Howard Street, Northborough, MA 01532

$425,000
2.47 AC lot

Buildable lot in desirable location with convenient access to amenities.

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Village District Waterfront Land Parcel
Village District Waterfront Land Parcel

Mill Street lot: 284, 285 & 62, Templeton, MA 01436

Contact for pricing
1.60 AC lot

Waterfront land package offers approximately 195 feet of deep water frontage on the Otter River under Village District zoning.

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Princeton, MA Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Princeton, MA on our real estate platform.

Sale prices for residential income properties in Princeton, MA average $835,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 1
Multifamily properties 1

Demographics Overview

Population 3,500
Population Growth (5Y) +1.7%
Median Household Income $150,577
College Educated 88.7%

High-Yield Neighborhoods for Investment

Identify Princeton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
01541 $787.5K

Taxes & Financing

Tax Rate (average for all types) 1.31%
Property Tax per SF $56.82 per SF
Tax Rate vs County Average 0.50 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Worcester County

New Delisted

Total CRE Inventory on Market (SF)

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