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Active

40-46 Cottage St, Leominster MA 01453

$1,100,000

Estimated $2,338/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $220,000

Total Rent: 86400/year

Estimated CAP Rate:

9 Bedrooms

Baths

6500

Total Parking: 12

21,705 (0.50)

Rare investment opportunity featuring two separate homes on one lot with excellent income potential. This unique property consists of a large 3-family offering spacious 2-bedroom units that could easily be converted into 3-bedroom units with minor modifications, creating additional upside for investors. The second building is a 2-family with a 2-bedroom unit on the first floor and a 1-bedroom unit on the second floor. All units feature in-unit washer and dryer hookups for added tenant convenience. The property also offers ample off-street parking, a highly desirable feature for tenants. Important exterior updates have already been completed, including a brand-new roof on the 2-family and a newer roof on the 3-family replaced just a few years ago. Whether you are looking to expand your portfolio or owner-occupy while generating strong rental income, this property offers flexibility, value-add potential, and long-term cash flow opportunity.

This home has been viewed 51 times

Last Checked: June 20th, 2026 at 8:23am (Source: MLS PIN #73535093)

Gross Income: $86,400

Gross Expenses: $6,658

Net Income Calc: $79,742

Annual Expenses for 40-46 Cottage St, Leominster MA 01453

Total Gross Expenses (Calculated)$6,658/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6658

Annual Income & Unit Breakdown for 40-46 Cottage St, Leominster MA 01453

Total Gross Income (Calculated)$86,400

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 40-46 Cottage St, Leominster MA 01453

Listing ID73535093

Property TypeMulti Family / 5+ Family

Price1100000 ($169.23/SqFt)

Style5-9 Family

CityLeominster

CountyWorcester

Neighborhood(s)

Approximate Living Area Total6500

Approximate Lot Size (Acres)0.5

Total Parking12

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRC

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 40-46 Cottage St, Leominster MA 01453

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

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 40-46 Cottage St, Leominster MA 01453

Real Estate Taxes6658

Tax Year2026

Assessed Value$487,400

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 40-46 Cottage St, Leominster MA 01453

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 40-46 Cottage St, Leominster MA 01453

Agent

Name: Nicolas Berthet-Garcia

Office

Name: Property Investors & Advisors, LLC

Phone: 774-413-0272

Payment Calculator

, Interest

Property Taxes 554.83

Principal & Interest 6777.85

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Property Investors & Advisors, LLC

Nicolas Berthet-Garcia

Agent Phone

Office Phone

(774) 413-0272

Text Agent Call Agent Call Office

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EXIT

35 More Photos

Active

40-46 Cottage St, Leominster MA 01453

$1,100,000

Annual Expenses for 40-46 Cottage St, Leominster MA 01453

Annual Income & Unit Breakdown for 40-46 Cottage St, Leominster MA 01453

General Information for 40-46 Cottage St, Leominster MA 01453

Disclosures for 40-46 Cottage St, Leominster MA 01453

Financial Information for 40-46 Cottage St, Leominster MA 01453

Location Information for 40-46 Cottage St, Leominster MA 01453

Contact Information for 40-46 Cottage St, Leominster MA 01453

Agent

Office

Payment Calculator

Exclusive Listing Agent

Property Investors & Advisors, LLC

Nicolas Berthet-Garcia