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59 Lancaster St, Leominster MA 01453

$540,000

Estimated $1,381/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $270,000

Total Rent: 21000/year

Estimated CAP Rate:

4 Bedrooms

Baths

2202

Total Parking: 8 (1 Garage)

10,590 (0.24)

Two-family investment opportunity offering strong potential for both investors and owner-occupants. Each unit provides comfortable living space with functional layouts and good room sizes. The living room features a classic fireplace and beamed ceiling, adding character and charm. Property includes separate driveways, providing convenient off-street parking for each unit. Enclosed three-season porch offers additional usable space. Ideal for those looking to generate rental income or offset a mortgage. Conveniently located near shopping, local amenities, and commuter routes. Recording device on Unit 1.Seller is firm on the price.

This home has been viewed 10 times

Last Checked: May 15th, 2026 at 4:28am (Source: MLS PIN #73498048)

Gross Income: $21,000

Gross Expenses: $6,069

Net Income Calc: $14,931

Water Views

Annual Expenses for 59 Lancaster St, Leominster MA 01453

Total Gross Expenses (Calculated)$6,069/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6069

Annual Income & Unit Breakdown for 59 Lancaster St, Leominster MA 01453

Total Gross Income (Calculated)$21,000

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

Rent IncludesHeat

General Information for 59 Lancaster St, Leominster MA 01453

Listing ID73498048

Property TypeMulti Family

Price540000 ($245.23/SqFt)

StyleMulti Family

CityLeominster

CountyWorcester

Neighborhood(s)

Approximate Living Area Total2202

Approximate Lot Size (Acres)0.24

Total Parking8 (1 Garage)

Garage Parking1

Year Built1860

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRes

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 59 Lancaster St, Leominster MA 01453

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator And Some Personal Belongings

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 59 Lancaster St, Leominster MA 01453

Real Estate Taxes6069

Tax Year2025

Assessed Value$432,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 59 Lancaster St, Leominster MA 01453

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 59 Lancaster St, Leominster MA 01453

Agent

Name: Marcia Williams

Office

Name: Simple Key Realty Inc.

Phone: 617-412-9828

Team Members

Name: Denis Freitas

Payment Calculator

, Interest

Property Taxes 505.75

Principal & Interest 3327.31

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Simple Key Realty Inc.

Marcia Williams

Agent Phone

Office Phone

(617) 412-9828

Text Agent Call Agent Call Office

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    [description] => Two-family investment opportunity offering strong potential for both investors and owner-occupants. Each unit provides comfortable living space with functional layouts and good room sizes. The living room features a classic fireplace and beamed ceiling, adding character and charm. Property includes separate driveways, providing convenient off-street parking for each unit. Enclosed three-season porch offers additional usable space. Ideal for those looking to generate rental income or offset a mortgage. Conveniently located near shopping, local amenities, and commuter routes.  Recording device on Unit 1.Seller is firm on the price.
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    [unparsed] => 59 Lancaster St, Leominster MA 01453
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EXIT

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