25 Union St, Leominster, MA 01453
$999,900
Great investment opportunity in the heart of Leominster! This five unit property sitting on almost 3/4 of an acre has great value add potential with low overhead expense. Separate utility with electric heat and hot water provide for no boiler repairs or replacement costs. Potential for additional units to be built. Long standing tenants with $103,800 in gross rents. Come see this amazing offering at a 7.4% Cap.
— MLSPIN #: 73437931Open Houses
| List Price: | $999,900 |
|---|---|
| Status: | New |
| MLS ID: | 73437931 |
| Town: | Leominster |
| County: | Worcester |
| Zip: | 01453 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Bedrooms: | 11 |
| Full Baths: | 5 |
| Living Area: | 4,396 sqft |
| Acres: | 0.69 |
| Taxes: | 8,950 |
| Flooring: | Tile, Vinyl, Varies, Laminate, Hardwood |
| Heating: | Electric |
| Lot Features: | Gentle Sloping, Level |
| Parking Features: | Off Street, Tandem, Unpaved |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1900 |
| Roof: | Slate, Rubber |
| Directions: | Central St. to Union St. |
| Laundry Features: | Electric Dryer Hookup, Washer Hookup |
| Foundation Details: | Granite |
| Postal Code Plus4: | 4163 |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-10-01 |
| Heating?: | Yes |
| Lot Size Area: | 0.69 |
| Lot Size Square Feet: | 29,866 |
| Rooms Total: | 21 |
| Bathrooms Total Integer: | 5 |
| Basement: | true |
| Basement: | Partial, Interior Entry, Concrete, Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 4,396 |
| Community Features: | Public Transportation, Shopping, Laundromat, Sidewalks |
| Levels: | 6 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 5 |
| Open Parking?: | Yes |
| Parcel Number: | 1577187 |
| Patio And Porch Features: | Porch |
| Rent Includes: | Unit 1(Hot Water), Unit 2(Hot Water), Unit 3(Hot Water), Unit 4(Hot Water) |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup |
| Zoning: | BB |
| Exclusions: | Some Tenants Have Their Own Fridge And Stove |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Disclosures: | Listing agent has ownership interest. NOI does not include vacancy rate. Buyers to do due diligence to verify approval of additional units. |
| Electric Expense: | $396 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Pro. Forma Available |
| Gross Income: | $108,300 |
| Insurance Expense: | $5,504 |
| Listing Terms: | Contract |
| Apod Available: | No |
| Color: | Yellow |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 2 |
| Flrs 4: | 1 |
| Gre: | 33,863 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Levels 1: | 1 |
| Levels 2: | 2 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $227.46 |
| Mgf: | 5,940 |
| Mse: | 1,200 |
| Page: | 54 |
| Price Per Sqft: | $227.46 |
| Square Feet Disclosures: | Living area and all measurements are approximate. |
| Square Feet Incl Base: | No |
| Net Operating Income: | $74,437 |
| Operating Expense: | $33,863 |
| Original List Price: | $999,900 |
| Parking Total: | 20 |
| Tax Assessed Value: | $637,900 |
| Tax Year: | 2025 |
| Total Actual Rent: | $8,650 |
| Water Sewer Expense: | $3,502 |
| Year Built Details: | Approximate |
| Waterview Flag: | No |
| Bedrms 1: | 1 |
| Bedrms 2: | 3 |
| Bedrms 3: | 2 |
| Bedrms 4: | 2 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| F Bths 4: | 1 |
| Hot Water: | Electric |
| Rent1: | 1,350 |
| Rent2: | 2,000 |
| Rent3: | 1,650 |
| Rent4: | 1,650 |
| Above Grade Finished Area: | 4,396 |
| Living Area Source: | Public Record |
| Stories: | 6 |
Listing Courtesy of: Century 21 North East
Listing Agent: Fermin Group
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on October 02, 2025 11:10 AM
Property Last Updated: October 01, 2025 11:13 AM