59 Lancaster St, Leominster MA 01453
Leominster, MA 01453
$529,999
Est. $3,429/month
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Open House Schedule
15
Aug
Saturday, August 15
12:00 PM - 2:00 PM EDT
About this home
Welcome to 59 Lancaster St, Leominster, a spacious, well-maintained two-family property that is truly move-in ready and ready to start producing income from day one! Close today and start collecting rent tomorrow.The first unit offers 3 bedrooms, a comfortable living room, kitchen, full bath, plus additional flexible space that can be customized to fit your needs. The second unit features 1 bedroom, 1 bath, kitchen, and living room and is already occupied by wonderful tenants providing excellent rental income.Both units are spacious, in very good condition, and require no major work before you can start enjoying the benefits of ownership. Whether you’re an investor looking for a turnkey income-producing property or an owner-occupant looking to offset your mortgage with rental income, this property offers a fantastic opportunity.Outside, you’ll find two separate driveways with plenty of parking, a garage, and an enclosed three-season porch offering even more usable space.With strong rental potential, ample parking, a garage, and a move-in-ready condition, 59 Lancaster St checks the boxes that are hard to find in a multifamily property in a quiet location. Schedule your private showing and come see the opportunity for yourself! All separated utilities, public water and public sewer, making it even easier to maintain.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Showing Instructions Updated
Aug 13, 2026
New showing requirements
Listed for Sale
Aug 13, 2026
$529,999
Original listing
Office: Invest Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/13/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 08/13/2026 | 🏠 Listed for Sale | $529,999 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $6,587 | $482,200 |
Financial Details
Annual Property Tax
$6,587
Tax Year 2026
Assessed Value
$482,200
Facts & Features
1 Car Garage
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1860
Living Area
2,202 sq ft
Lot Size
0.24 acres
Stories
3
Bedrooms
4
Full Baths
2
Total Rooms
8
Investment Metrics
Units
2
Unit 1 Rent
$2,750/mo · N
Unit 2 Rent
$1,750/mo · Y
Total Monthly Rent
$4,500/mo
Gross Income
$21,000
Net Operating Income
$21,000
Cap Rate
3.96%
Interior
Heating
Oil
Cooling
Window Unit(s)
Flooring
Tile, Vinyl
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer, Wine Refrigerator
Fireplace
None
Fireplaces
2
Basement
Partial, Interior Entry, Garage Access, Concrete, Unfinished
Laundry
None
Features
Bathroom With Tub, Living Room, Kitchen, Sunroom, Family Room
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Enclosed
Parking
Garage Spaces
1
Has Garage
Yes
Features
Paved Drive, Off Street, Paved, Unpaved
Total Spaces
6
Utilities
Electric
110 Volts
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,587
Assessed Value
$482,200
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
Multi Family
Listing Type
For Sale
Year Built
1860
Bedrooms
4
Full Bathrooms
2
Living Area
2,202 sq ft
Total Rooms
8
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,202 sq ft above grade
Display Options
Outdoor Areas
Patio & porchEnclosed
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:
Tile, Vinyl
Appliances:
Range, Dishwasher, Refrigerator, Washer, Dryer, Wine Refrigerator
Interior Features:
Bathroom With Tub, Living Room, Kitchen, Sunroom, Family Room
Windows:
Basement:
Partial, Interior Entry, Garage Access, Concrete, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1860
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Block, Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Oil
Heating Zones:
2
Cooling:
Window Unit(s)
Hot Water:
Oil
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Enclosed
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street, Paved, Unpaved
Special Features
Fireplaces:
2
Fireplace Type:
Community Amenities:
Shopping, Park, Highway Access
Nearby Schools
School information not available for this location.
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
$549
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
59 Lancaster St, Leominster MA 01453
Leominster, MA 01453
Listing Information
Listing Agent
Dayane Couto
Listing Office
Invest Realty Group
Office Phone
617-306-0134
Agent MLS ID
CN260696
Office MLS ID
NB5311
Listing Data Updated
Aug 13, 2026 11:06 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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