40-46 Cottage St, Leominster MA 01453
Leominster, MA 01453
$1,100,000
$1,050,000
Est. $6,064/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
4.5%
Price Range
Property Timeline
Price Reduced
Jul 10, 2026
$1,050,000
$50,000
(-4.55%)
From $1,100,000 to $1,050,000 (-4.5%)
Listed for Sale
Jun 12, 2026
$1,100,000
Original listing
Office: Property Investors & Advisors, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/10/2026 | ↓ Price Reduced | $1,050,000 | $50,000 | - | From $1,100,000 to $1,050,000 (-4.5%) |
| 06/12/2026 | 🏠 Listed for Sale | $1,100,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $6,658 | $487,400 |
Financial Details
Annual Property Tax
$6,658
Tax Year 2026
Assessed Value
$487,400
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1900
Living Area
6,500 sq ft
Lot Size
0.50 acres
Stories
5
Bedrooms
9
Full Baths
5
Total Rooms
23
Investment Metrics
Units
5
Unit 1 Rent
$2,200/mo · N
Unit 2 Rent
$1,500/mo · Y
Unit 3 Rent
$2,200/mo
Unit 4 Rent
$2,000/mo · Y
Total Monthly Rent
$7,900/mo
Gross Income
$108,000
Net Operating Income
$108,000
Cap Rate
10.29%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Fireplaces
1
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive
Total Spaces
12
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,658
Assessed Value
$487,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Unit (1) In Three Family Will Be Delivered Vacantunit (3) In Three Family Will Be Delivered Vacant. Unit (2) Of Two Family Will Be Delivered Vacant. Rent Entered For Those Units Is Approximate Market Rent.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
85 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
9
Full Bathrooms
5
Living Area
6,500 sq ft
Total Rooms
23
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
6,500 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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:
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Oil, Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
12
Parking Features:
Paved Drive
Special Features
Fireplaces:
1
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
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
3 schools
Bennett School
< 0.1 mi
114 students
Diverse
Diverse Student Body
Grades PK
St. Leo School
0.6 mi
Grades PK-08
St. Anna School
0.7 mi
Grades PK-12
Middle Schools
3 schools
C+
Samoset School
2.0 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
B-
Sky View Middle School
2.7 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
Memorial Middle School
4.1 mi
|
#280 of 352
|
Score: 33.8
Dropped 10 spots from last year
-24.4 below state avg
620 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
3 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
0.9 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
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$555
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
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
40-46 Cottage St, Leominster MA 01453
Leominster, MA 01453
Listing Information
Listing Office
Property Investors & Advisors, LLC
Office Phone
774-413-0272
Agent MLS ID
CN229149
Office MLS ID
AN6259
Listing Data Updated
Jul 14, 2026 3:05 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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