498 Lancaster, Leominster, MA 01453
$699,900
Large Tri-Level 3 Unit Multi family on a corner lot with plenty of parking located in a nice neighborhood area of Leominster. The seller has upgraded the units during ownership: Varies per unit-- Kitchens to include the cabinets, countertops & stainless appliances, gas stoves, 3rd level has a dishwasher. New flooring, carpet tile & laminate! Some units have lovely hardwood flooring! New bathrooms with vanities & flooring.The 1st & 2nd floors boasts spacious eat in kitchens, living room, & 3 bedrooms. The 3rd floor has 2 bedrooms & a heated/enclosed sun room that can be used as one selects! Large Kitchen with room for dinning area! Some new windows over time.Covered Porches. All separate heat & electric with a common landlord panel. Separate On-wall mount HW heater for washer hookup-Coin op Dryer.Rents are below market 3 bedrooms rent potential $2000-2200 & 3rd unit $1800-2000. Level grass yard! 1st Showings at OH Sat 9/13 /25 11am-1pm!
— MLSPIN #: 73426849| List Price: | $699,900 |
|---|---|
| Status: | Active |
| MLS ID: | 73426849 |
| Town: | Leominster |
| County: | Worcester |
| Zip: | 01453 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family - 3 Units Up/Down |
| Bedrooms: | 8 |
| Full Baths: | 3 |
| Living Area: | 2,497 sqft |
| Acres: | 0.26 |
| Taxes: | 5,607 |
| Appliances: | Range, Refrigerator, Dishwasher |
| Flooring: | Vinyl, Laminate, Hardwood, Carpet |
| Heating: | Baseboard, Natural Gas |
| Lot Features: | Corner Lot, Wooded, Level |
| Parking Features: | Paved Drive, Off Street, Paved |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1900 |
| Roof: | Shingle |
| Window Features: | Insulated Windows |
| Directions: | Route 117 is Lancaster Street. Corner Lot |
| Laundry Features: | Electric Dryer Hookup, Washer Hookup |
| Foundation Details: | Stone, Brick/Mortar |
| Electric: | Circuit Breakers |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-09-05 |
| Heating?: | Yes |
| Lot Size Area: | 0.26 |
| Lot Size Square Feet: | 11,250 |
| Rooms Total: | 14 |
| Bathrooms Total Integer: | 3 |
| Basement: | true |
| Basement: | Full, Interior Entry |
| Building Area Source: | Public Records |
| Building Area Total: | 2,497 |
| Community Features: | Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station |
| Interior Features: | Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen, Sunroom |
| Levels: | 3 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Patio And Porch Features: | Porch, Enclosed |
| Rent Includes: | Unit 1(Water), Unit 2(Water) |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup |
| Zoning: | RES |
| Elementary School: | Frances Drake |
| High School: | Leominster |
| Middle Or Junior School: | Sky View |
| Stories Total: | 3 |
| Year Built Source: | Public Records |
| Disclosures: | Seller & list agent make no warranties or guarantees. Buyer/Agent to verify all information & perform their diligence. The coin op dryer in basement is conveying "as is: 3rd unit heat is in rent as seller used to occupy. |
| Electric Expense: | $240 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $59,400 |
| Insurance Expense: | $3,500 |
| Apod Available: | Yes |
| Disclosure: | No |
| Dpr Flag: | Yes |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Gre: | 3,740 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $280.30 |
| Page: | 137 |
| Price Per Sqft: | $280.30 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $55,660 |
| Operating Expense: | $3,740 |
| Original List Price: | $699,900 |
| Parking Total: | 8 |
| Road Responsibility: | Public Maintained Road |
| Sign On Property?: | Yes |
| Tax Year: | 2024 |
| Total Actual Rent: | $5,000 |
| Year Built Details: | Actual |
| Bedrms 1: | 3 |
| Bedrms 2: | 3 |
| Bedrms 3: | 2 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| Hot Water: | Electric |
| Rent1: | 1,500 |
| Rent2: | 1,800 |
| Rent3: | 1,650 |
| Above Grade Finished Area: | 2,497 |
| Living Area Source: | Public Record |
| Stories: | 3 |
Listing Courtesy of: Keller Williams Realty North Central
Listing Agent: Kelle O'Keefe
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MLS Property Information Network, Inc. data last updated on September 14, 2025 08:48 AM
Property Last Updated: September 09, 2025 03:08 AM