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214 Water St., Leominster MA 01453

$399,000

Estimated $1,222.56/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $199,500

Total Rent: 14400/year

Estimated CAP Rate: 1.88%

4 Bedrooms

2 Full Baths

3,244 SqFt

Total Parking: 4

7,312 SqFt

PROPERTY TO BE CONVEYED IN " AS IS' CONDITION ! Large, spacious 2 family! Great owner occupied or investor! Big & Bright rooms! A nice private, enclosed porch for the second floor occupant which is presently vacant, allowing for very easy showings! Exterior needs attention but is reflected in a list price below assessed value! Recent updated electric, all separate with a common meter! Newer water service from the street! Corner lot, Off street parking! Both units have dining rooms, pantries, & laundry hookups! Hardwood Floors, Tilt in Windows! The units could be used as 3 bedrooms! The photos show how bright the rooms are with the sun coming in! A Must See! .

This home has been viewed 45 times

Last Checked: December 7th, 2025 at 6:28am (Source: MLS PIN #73450212)

Gross Income: $14,400

Gross Expenses: $6,907

Net Income Calc: $7,493

CAP Rate: 1.88%

Annual Expenses for 214 Water St., Leominster MA 01453

Total Gross Expenses (Calculated)$6,907/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,907

Annual Income & Unit Breakdown for 214 Water St., Leominster MA 01453

Total Gross Income (Calculated)$14,400

Unit 1

Rental Income$1,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 214 Water St., Leominster MA 01453

Listing ID73450212

Property TypeMulti Family

Price$399,000 ($123/SqFt)

StyleMulti Family

CityLeominster

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,244 SqFt

Approximate Lot Size (Acres)0.17 acres

Total Parking4

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone,Granite

Accessible Features

Outdoor SpaceEnclosed, Porch

Zoningres

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 214 Water 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$14,400

Total Net Income By Broker$14,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 214 Water St., Leominster MA 01453

Real Estate Taxes$6,907

Tax Year2025

Assessed Value$492,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$14,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$14,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.88%

Location Information for 214 Water St., Leominster MA 01453

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Shopping, Public Transportation

Contact Information for 214 Water St., Leominster MA 01453

Agent

Name: Malvina Dino Newell

Office

Name: Dino's Realty Team

Phone: 978-342-7891

Payment Calculator

, Interest

Property Taxes 575.58

Principal & Interest 2458.51

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Dino's Realty Team

Malvina Dino Newell

Agent Phone

Office Phone

(978) 342-7891

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[road_frontage_type] => Array
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EXIT