35 Third, Leominster MA 01453
Leominster, MA 01453
$750,000
Est. $4,599/month
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About this home
Outstanding investment opportunity — a fully occupied three-family in Leominster! All three units feature 3-bedroom, 1-bath layouts, currently rented to paying tenants generating stable, immediate rental income from day one. Built in 1920, the property offers 3,699 sq ft of living space on a 0.21-acre lot, with forced air natural gas heat and durable vinyl siding exterior. Great location close to Watertower Plaza and the Mall at Whitney Field for shopping, Louis Charpentier Playground and Carter Park nearby, and easy access to the MBTA Commuter Rail into Boston plus major highways. A strong cash-flowing asset with real upside — don't miss this one!
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 1, 2026
$750,000
Original listing
Agent: Olivia Grabka
Office: Realty Negotiations, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/01/2026 | 🏠 Listed for Sale | $750,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $7,275 | $532,600 |
Financial Details
Annual Property Tax
$7,275
Tax Year 2026
Assessed Value
$532,600
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1920
Living Area
3,697 sq ft
Lot Size
0.21 acres
Stories
3
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$2,095/mo · N
Unit 2 Rent
$1,970/mo · N
Unit 3 Rent
$1,900/mo · N
Total Monthly Rent
$5,965/mo
Gross Income
$71,580
Net Operating Income
$71,580
Cap Rate
9.54%
Interior
Heating
Forced Air, Electric
Cooling
Window Unit(s)
Flooring
Hardwood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full
Laundry
None
Features
Ceiling Fan(s), Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Balcony/deck, Balcony
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,275
Assessed Value
$532,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
9
Full Bathrooms
3
Living Area
3,697 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,697 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood
Appliances:
Range, Refrigerator
Interior Features:
Ceiling Fan(s), Living Room, Kitchen
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Forced Air, Electric
Cooling:
Window Unit(s)
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck, Balcony
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street
Nearby Schools
School District
Leominster School District local
B-
School Safety
2024-25
2.2%
Average
2.2%
Suspensions
4.1%
In-School
3.3% below state avg
Elementary Schools
9 schools
St. Leo School
0.4 mi
Grades PK-08
St. Anna School
0.8 mi
Grades PK-12
Priest Street School
0.7 mi
151 students
Diverse
Diverse Student Body
Grades K
C+
Frances Drake School
0.7 mi
|
#543 of 825
|
Score: 43.4
Improved 150 spots from last year
-14.8 below state avg
468 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Bennett School
0.9 mi
114 students
Diverse
Diverse Student Body
Grades PK
C+
Northwest School
1.0 mi
|
#537 of 825
|
Score: 43.4
Improved 118 spots from last year
-14.8 below state avg
663 students
Diverse
Rising School
Diverse Student Body
Grades 01-05
B
Johnny Appleseed School
1.7 mi
|
#397 of 825
|
Score: 47.8
Improved 101 spots from last year
-10.4 below state avg
685 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Lincoln School
2.5 mi
44 students
Diverse
Diverse Student Body
Grades PK
A-
Fall Brook School
2.5 mi
|
#201 of 825
|
Score: 54.9
Improved 12 spots from last year
-3.3 below state avg
657 students
Diverse
Diverse Student Body
Strong Attendance
Grades K-05
Middle Schools
2 schools
B-
Sky View Middle School
1.9 mi
|
#192 of 352
|
Score: 41.0
Improved 32 spots from last year
-17.2 below state avg
880 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C+
Samoset School
2.5 mi
|
#215 of 352
|
Score: 39.4
Improved 5 spots from last year
-18.8 below state avg
536 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
4 schools
C-
Leominster Center for Excellence
0.8 mi
|
#312 of 346
|
Score: 36.0
Dropped 25 spots from last year
-22.2 below state avg
77 students
Diverse
Early College Program
College Ready Curriculum
Grades 09-12
Leominster Academy
0.8 mi
35 students
Diverse
College Ready Curriculum
Grades 09-12
C+
Center For Technical Education Innovation
1.5 mi
|
#222 of 346
|
Score: 50.2
Dropped 30 spots from last year
-8 below state avg
881 students
Diverse
Strong AP Program
Early College Program
High Graduation Rate
Career Tech Programs
Grades 09-12
B-
Leominster High School
1.5 mi
|
#206 of 346
|
Score: 51.8
Dropped 61 spots from last year
-6.4 below state avg
990 students
Diverse
19 sports
• 1,746 athletes
Strong AP Program
Early College Program
High Graduation Rate
College Ready Curriculum
Grades 09-12
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Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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$0
Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$606
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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Current Rate
$0/mo
+0.5% Rate
$0/mo
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
35 Third, Leominster MA 01453
Leominster, MA 01453
Listing Information
Listing Agent
Olivia Grabka
Listing Office
Realty Negotiations, LLC
Office Phone
978-406-5134
Agent MLS ID
CN240157
Office MLS ID
AN5614
Listing Data Updated
Sep 1, 2026 10:39 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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