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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 2 |
| Living area | 2,202 sqft |
| Lot size | 10,590 sqft |
| Year built | 1860 |
| Price / sqft | $245 |
| County | Worcester |
| MLS # | 73498048 |
Listing status
| Days on market | 36 days |
| Listed on | April 8, 2026 |
Taxes & financials
| Annual property tax | $6,069 |
| Tax year | 2025 |
| Assessed value | $432,600 |
| Zoning | Res |
| Gross income (actual) | $21,000/yr |
| Net operating income (actual) | $21,000/yr |
| Total actual rent | $1,750/mo |
Building & lot
| Stories | 3 |
| Total rooms | 8 |
| Lot size | 0.24 acres |
| Garage spaces | 1 |
| Parking spaces | 7 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Interior Entry, Garage Access, Unfinished |
| Foundation | Stone |
| Construction | Frame |
| Flooring | Tile, Vinyl |
Utilities & systems
| Heating | Oil |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator, Dishwasher |
Location
More about investing in Leominster →
Listing courtesy of Simple Key Realty Inc. — Marcia Williams. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 59 Lancaster St, Leominster MA 01453 have?
It is a 2-unit multi-family property with 2,202 sqft of living area, built in 1860.
How long has 59 Lancaster St, Leominster MA 01453 been on the market?
59 Lancaster St, Leominster MA 01453 has been listed for 36 days (since April 8, 2026).
What is the estimated cap rate on this 2-family in Leominster?
Based on area median rents, the estimated cap rate is about 4.3%, with a Signal Score of 77/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $540,000 across 2 units, that works out to roughly $270,000 per unit.
What are the property taxes on 59 Lancaster St, Leominster MA 01453?
Annual property taxes are $6,069 (2025), on an assessed value of $432,600.
What is the price per square foot?
At $540,000 for 2,202 sqft, that's about $245 per square foot.
Is there parking?
1 garage space and 7 total parking spaces (paved drive, off street, paved).
Where is this property located?
59 Lancaster St, Leominster MA 01453 is in Leominster, Worcester County, MA 01453.
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