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163-165 Central St, Leominster MA 01453

$480,000

Estimated $1,247/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $240,000

Total Rent: 1800/year

Estimated CAP Rate:

3 Bedrooms

Baths

1560

Total Parking: 8

6,325 (0.15)

Rare live-work opportunity, this high-visibility property sits in prime Business B (BB) zoning, across from the new police station at a high-traffic, signaled intersection within walking distance to downtown. Perfect for a small business, start-up, or ambitious business owner: live in the vacant, flexible 1-2 bedroom unit and run your business out of the same building, while the 2-bedroom tenant-at-will side cash-flows to offset your overhead.Want to build an empire? The commercial strip location is primed for future development, and the sale even includes architect sketches to rebuild the site into a 6-unit building! Savvy portfolio investors and commercial buyers already recognize the raw land value of this footprint, so do not wait for the competition to swoop in and steal this location. Featuring an 8 year old roof, a fenced yard, and plenty of off-street rear parking. Bring your vision and claim your spot today—schedule your private tour before it is gone!

This home has been viewed 7 times

Last Checked: September 15th, 2026 at 11:08am (Source: MLS PIN #73571762)

Gross Income: $1,800

Gross Expenses: $5,628

Net Income Calc: $3,828

Annual Expenses for 163-165 Central St, Leominster MA 01453

Total Gross Expenses (Calculated)$5,628/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5628

Annual Income & Unit Breakdown for 163-165 Central St, Leominster MA 01453

Total Gross Income (Calculated)$1,800

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

Rent Includes

General Information for 163-165 Central St, Leominster MA 01453

Listing ID73571762

Property TypeMulti Family

Price480000 ($307.69/SqFt)

StyleMulti Family

CityLeominster

CountyWorcester

Neighborhood(s)

Approximate Living Area Total1560

Approximate Lot Size (Acres)0.15

Total Parking8

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningBB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 163-165 Central St, Leominster MA 01453

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal 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 163-165 Central St, Leominster MA 01453

Real Estate Taxes5628

Tax Year2026

Assessed Value$412,000

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 163-165 Central St, Leominster MA 01453

Neighborhood(s)

Area Amenities

Contact Information for 163-165 Central St, Leominster MA 01453

Agent

Name: John Snyder

Office

Name: Redfin Corp.

Phone: 617-340-7803

Payment Calculator

, Interest

Property Taxes 469

Principal & Interest 2957.61

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Redfin Corp.

John Snyder

Agent Phone

Office Phone

(617) 340-7803

Text Agent Call Agent Call Office

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EXIT

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