Attention Investors and Owner-Occupants! Don’t miss this exceptional opportunity to own a well-maintained two-family property ideally located just minutes from downtown Leominster and with immediate access to Route 2. The first-floor unit has been thoughtfully updated and features luxury vinyl plank and hardwood flooring throughout, granite countertops, and modern cabinetry—this unit offers two spacious bedrooms and a comfortable living area. The second-floor unit, which will be delivered vacant, includes 2–3 bedrooms and features a charming walkout porch—perfect for relaxation or entertaining. Additional highlights include ample off-street parking located at the rear of the property. Whether you're looking for a solid investment or a chance to offset your mortgage as an owner-occupant, this is an opportunity you won't want to miss!
This home has been viewed 70 times
Last Checked: September 25th, 2025 at 4:29am (Source: MLS PIN #73381149)
Gross Income: $21,600
Gross Expenses: $5,173
Net Income Calc: $16,427
CAP Rate: 3.07%
Annual Expenses for 381 Main St, Leominster MA 01453
Total Gross Expenses (Calculated)$5,173/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,173
Annual Income & Unit Breakdown for 381 Main St, Leominster MA 01453
Total Gross Income (Calculated)$21,600
Unit 1
Rental Income$1,800
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 381 Main St, Leominster MA 01453
Listing ID73381149
Property TypeMulti Family / 2 Family
Price$535,000 ($239.91/SqFt)
Style2 Family - 2 Units Up/down
CityLeominster
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total2,230 SqFt
Approximate Lot Size (Acres)0.12 acres
Total Parking4
Garage Parking
Year Built1924
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel
Foundation Area
Foundation DescriptionBlock,Granite
Accessible Features
Outdoor SpaceEnclosed
ZoningR
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 381 Main St, Leominster MA 01453
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$21,600
Total Net Income By Broker$21,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 381 Main St, Leominster MA 01453
Real Estate Taxes$5,173
Tax Year2024
Assessed Value$356,500
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$21,600
BostonRealEstate.com Gross Income
Total Net Income By Broker$21,600
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)3.07%
Location Information for 381 Main St, Leominster MA 01453
Elementary School
Middle SchoolLeominster Midd
High SchoolLeominster High
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, Public School, Shopping, Park, Medical Facility, Public Transportation, T-station, University
Contact Information for 381 Main St, Leominster MA 01453