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42-44 Summer Street, Leominster MA 01453

Leominster, MA 01453
$1,150,000
$1,079,000
Est. $5,664/month
11
Beds
6
Baths
5,406
Sq Ft
$200
Price/Sq Ft
0.23
Acres
1900
Year Built
114
Days on Market
Active Price Drop -$71,000 Listed Mar 18, 2026 • MLS# 73488442 Copied! • Updated May 26, 2026

About this home

We are proud to present the exclusive opportunity to acquire 42-44 Summer Street in Leominster, MA. This 6-unit multifamily asset offers a diverse unit mix of one, two and three-bedroom apartments, with the majority of units having been previously upgraded or fully renovated. The property includes at least one dedicated parking space per unit - a meaningful amenity in the Central Massachusetts market - and presents a compelling blend of stabilized, in-place income with a clear defined value-add path through the renovation of the property's one remaining unrenovated unit.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
6.2%
Price Range

Property Timeline

Price Reduced
Apr 20, 2026
$1,079,000 $71,000 (-6.17%)
From $1,150,000 to $1,079,000 (-6.2%)
🏠
Listed for Sale
Mar 18, 2026
$1,150,000
Original listing
Agent: Kevin Benzinger Office: Boston Realty Advisors

Tax History

Year Taxes Assessment
99 $99 $99

Financial Details

Annual Property Tax
$99
Tax Year 99
Assessed Value
$99

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1900
Living Area 5,406 sq ft
Lot Size 0.23 acres
Bedrooms 11
Full Baths 6
Total Rooms 29

Investment Metrics

Units 6
Unit 1 Rent $1,750/mo · Y
Unit 2 Rent $1,150/mo · N
Unit 3 Rent $1,125/mo · Y
Unit 4 Rent $1,100/mo · Y
Total Monthly Rent $5,125/mo
Gross Income $87,900
Net Operating Income $87,900
Cap Rate 8.15%
Heating None
Cooling None
Flooring None
Appliances Range
Fireplace None
Basement Full, Unfinished
Laundry None
Features Living Room, Kitchen, Loft
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric Circuit Breakers, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $99
Assessed Value $99
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Worcester
Total market time (incl. prior listings) 69 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
11
Full Bathrooms
6
Living Area
5,406 sq ft
Total Rooms
29
Stories
5
Levels
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances: Range
Interior Features: Living Room, Kitchen, Loft
Windows:
Basement: Full, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
Foundation: Stone
Stories: 5

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Tank, Varies Per Unit
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Parking Features:
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
E

Elementary Schools

9 schools
St. Leo School
0.1 mi
Grades PK-08
St. Anna School
0.8 mi
Grades PK-12
Bennett School
0.6 mi
115 students Diverse
Diverse Student Body
Grades PK
Priest Street School
0.7 mi
151 students Diverse
Diverse Student Body
Grades K
C+
Northwest School
0.7 mi | #555 of 824 | Score: 42.8
Improved 100 spots from last year
-15.4 below state avg
665 students Diverse
Rising School Diverse Student Body
Grades 01-05
C+
Frances Drake School
0.9 mi | #536 of 824 | Score: 43.5
Improved 157 spots from last year
-14.7 below state avg
512 students Diverse
Rising School Diverse Student Body
Grades K-05
B
Johnny Appleseed School
1.8 mi | #416 of 824 | Score: 47.3
Improved 82 spots from last year
-10.9 below state avg
692 students Diverse
Rising School Diverse Student Body
Grades K-05
Lincoln School
2.4 mi
46 students Diverse
Diverse Student Body
Grades PK
A-
Fall Brook School
2.4 mi | #203 of 824 | Score: 54.8
Improved 10 spots from last year
-3.4 below state avg
670 students Diverse
Diverse Student Body Strong Attendance
Grades K-05
M

Middle Schools

2 schools
B-
Sky View Middle School
2.2 mi | #194 of 352 | Score: 40.9
Improved 30 spots from last year
-17.3 below state avg
869 students Diverse
Rising School Diverse Student Body
Grades 06-08
B-
Samoset School
2.4 mi | #207 of 352 | Score: 40.0
Improved 13 spots from last year
-18.2 below state avg
495 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

4 schools
C-
Leominster Center for Excellence
0.8 mi | #309 of 346 | Score: 35.9
Dropped 22 spots from last year
-22.3 below state avg
65 students Diverse
Early College Program College Ready Curriculum
Grades 09-12
Leominster Academy
0.8 mi
32 students Diverse
College Ready Curriculum
Grades 09-12
B-
Center For Technical Education Innovation
1.1 mi | #210 of 346 | Score: 50.7
Dropped 18 spots from last year
-7.5 below state avg
821 students Diverse
Strong AP Program Early College Program High Graduation Rate Career Tech Programs
Grades 09-12
B-
Leominster High School
1.1 mi | #206 of 346 | Score: 51.1
Dropped 61 spots from last year
-7.1 below state avg
1,060 students Diverse
19 sports • 1,746 athletes
Early College Program High Graduation Rate College Ready Curriculum Strong Athletics
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 $8
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

Interest
Principal
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

42-44 Summer Street, Leominster MA 01453

Leominster, MA 01453

Listing Information

Listing Agent Kevin Benzinger
Listing Office Boston Realty Advisors
Office Phone 617-375-7900
Agent MLS ID CN216101
Office MLS ID AN8461
Listing Data Updated May 26, 2026 12:17 PM 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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42-44 Summer Street, Leominster MA 01453 - Photo 1 42-44 Summer Street, Leominster MA 01453 - Photo 2 42-44 Summer Street, Leominster MA 01453 - Photo 3 42-44 Summer Street, Leominster MA 01453 - Photo 4 42-44 Summer Street, Leominster MA 01453 - Photo 5 42-44 Summer Street, Leominster MA 01453 - Photo 6 42-44 Summer Street, Leominster MA 01453 - Photo 7 42-44 Summer Street, Leominster MA 01453 - Photo 8 42-44 Summer Street, Leominster MA 01453 - Photo 9 42-44 Summer Street, Leominster MA 01453 - Photo 10
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