45 Laurel St, Leominster MA 01453
Leominster, MA 01453
$1,050,000
$925,000
Est. $5,657/month
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About this home
Well-maintained 6-family property in a great location, offering a strong investment opportunity. The building features a desirable mix of three large 2-bedroom units and three 1-bedroom units, giving it broad rental appeal. Set on a corner lot, there’s plenty of off-street parking along with convenient access to the highway for easy commuting. The property has quiet, long-term tenants in place, providing steady income with room to grow. It’s been well cared for and generates solid cash flow, while still coming with additional upside through future rent increases. Overall, a turnkey investment with a nice balance of stability and value-add potential.
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Property History
Market Insights
3
Price Changes
11.9%
Price Range
Property Timeline
Price Reduced
Aug 13, 2026
$925,000
$44,900
(-4.63%)
From $969,900 to $925,000 (-4.6%)
Price Reduced
Jul 20, 2026
$969,900
$30,000
(-3%)
From $999,900 to $969,900 (-3.0%)
Price Reduced
May 25, 2026
$999,900
$50,100
(-4.77%)
From $1,050,000 to $999,900 (-4.8%)
Back On Market
May 11, 2026
Active
Status: Active under contract
Apr 28, 2026
Active → Active Under Contract
Listed for Sale
Apr 15, 2026
$1,050,000
Original listing
Agent: Patrick Hermans
Office: J. Borstell Real Estate, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/13/2026 | ↓ Price Reduced | $925,000 | $44,900 | - | From $969,900 to $925,000 (-4.6%) |
| 07/20/2026 | ↓ Price Reduced | $969,900 | $30,000 | - | From $999,900 to $969,900 (-3.0%) |
| 05/25/2026 | ↓ Price Reduced | $999,900 | $50,100 | - | From $1,050,000 to $999,900 (-4.8%) |
| 05/11/2026 | • Back On Market | - | - | - | Active |
| 04/28/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 04/15/2026 | 🏠 Listed for Sale | $1,050,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,357 | $666,900 |
Financial Details
Annual Property Tax
$9,357
Tax Year 2025
Assessed Value
$666,900
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1900
Living Area
5,166 sq ft
Lot Size
0.31 acres
Stories
5
Bedrooms
9
Full Baths
6
Total Rooms
21
Investment Metrics
Units
6
Unit 1 Rent
$1,450/mo · N
Unit 2 Rent
$1,600/mo · Y
Unit 3 Rent
$1,750/mo · Y
Unit 4 Rent
$1,200/mo · N
Total Monthly Rent
$6,000/mo
Gross Income
$108,600
Net Operating Income
$71,860
Operating Expenses
$19,940
Water/Sewer Expense
$2,264
Insurance Expense
$8,640
Cap Rate
7.77%
Interior
Heating
None
Cooling
None
Flooring
Wood, Tile, Carpet
Appliances
None
Fireplace
None
Basement
Full, Walk-out Access
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street
Total Spaces
12
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,357
Assessed Value
$666,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated, Unknown
Seller Disclosures
Full Income And Expense Breakdown Available Upon Request
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
124 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
9
Full Bathrooms
6
Living Area
5,166 sq ft
Total Rooms
21
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,166 sq ft above grade
Display Options
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:
Wood, Tile, Carpet
Appliances:
Interior Features:
Windows:
Basement:
Full, Walk-Out Access
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Heating Zones:
6
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot, Level
Road Surface:
Parking & Garage
Total Parking Spaces:
12
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
0.6 mi
Grades PK-12
Bennett School
0.7 mi
115 students
Diverse
Diverse Student Body
Grades PK
C+
Frances Drake School
0.7 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
Priest Street School
0.8 mi
151 students
Diverse
Diverse Student Body
Grades K
C+
Northwest School
1.0 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
B
Johnny Appleseed School
1.9 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
2.2 mi
46 students
Diverse
Diverse Student Body
Grades PK
A-
Fall Brook School
2.3 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
Middle Schools
2 schools
B-
Sky View Middle School
2.1 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
2.2 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
High Schools
4 schools
C-
Leominster Center for Excellence
0.6 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
0.6 mi
32 students
Diverse
College Ready Curriculum
Grades 09-12
B-
Center For Technical Education Innovation
1.4 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
1.4 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
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$780
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
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Rate Impact
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Current Rate
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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
45 Laurel St, Leominster MA 01453
Leominster, MA 01453
Listing Information
Listing Agent
Patrick Hermans
Listing Office
J. Borstell Real Estate, Inc.
Office Phone
978-502-8045
Agent MLS ID
CN225762
Office MLS ID
G80038
Listing Data Updated
Aug 17, 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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