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INVESTMENT SNAPSHOT
About this property
Investors take notice! Exceptional opportunity to own this beautifully maintained and recently remodeled 4-unit property generating nearly $100,000 in gross annual rental income. Located on a desirable corner lot in a quiet neighborhood, this turnkey multi-family offers long-term tenants, strong rental history, and pride of ownership throughout. Property features separate utilities with tenants paying their own utilities, energy-saving appliances, insulated closed-cell foam roof for improved efficiency, wall A/C units, electric fireplaces, intercom system, separate laundry room in basement, and 8 off-street parking spaces. Numerous updates have been completed, making this an ideal low-maintenance investment opportunity with excellent cash flow potential. Conveniently located near shopping, restaurants, local amenities, and major routes. A rare opportunity to add a solid income-producing asset to your portfolio.
Property details
| Units | 4 |
| Living area | 4,214 sqft |
| Lot size | 7,725 sqft |
| Year built | 1871 |
| Price / sqft | $236 |
| County | Worcester |
| MLS # | 73520306 |
Listing status
| Days on market | 4 days |
| Listed on | May 16, 2026 |
Taxes & financials
| Annual property tax | $9,921 |
| Tax year | 2026 |
| Assessed value | $726,300 |
| Zoning | RA |
| Gross income (actual) | $98,400/yr |
| Net operating income (actual) | $98,400/yr |
| Total actual rent | $8,200/mo |
Building & lot
| Stories | 4 |
| Total rooms | 16 |
| Lot size | 0.18 acres |
| Garage spaces | 0 |
| Parking spaces | 8 |
| Parking | Paved Drive, Off Street |
| Basement | Full |
| Foundation | Granite |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Heating | Natural Gas |
| Cooling | Wall Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range |
| Appliances | ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Refrigerator, Range Hood, Range |
Location
More about investing in Leominster →
Listing courtesy of Faith Realty, LLC — Adriana Nunes. 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 345 West St, Leominster MA 01453 have?
It is a 4-unit multi-family property with 4,214 sqft of living area, built in 1871.
How long has 345 West St, Leominster MA 01453 been on the market?
345 West St, Leominster MA 01453 has been listed for 4 days (since May 16, 2026).
What is the estimated cap rate on this 4-family in Leominster?
Based on area median rents, the estimated cap rate is about 4.7%, with a Signal Score of 82/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $995,000 across 4 units, that works out to roughly $248,750 per unit.
What are the property taxes on 345 West St, Leominster MA 01453?
Annual property taxes are $9,921 (2026), on an assessed value of $726,300.
What is the price per square foot?
At $995,000 for 4,214 sqft, that's about $236 per square foot.
Is there parking?
8 total parking spaces (paved drive, off street).
Where is this property located?
345 West St, Leominster MA 01453 is in Leominster, Worcester County, MA 01453.
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