A unique 5 unit investment opportunity blending residential and commercial spaces in a prime location. This rare mixed-use property features two spacious residential units above three versatile commercial/retail/office spaces. Recent upgrades make it ideal for investors and business owners. The left street-level unit is leased to a vintage clothing store with a half bath and utility space, while the right unit, a barber shop, will be vacant upon sale. The third unit, previously a nail salon, includes a tanning booth, half bath, and shower room with interior and rear access. All street-level units share efficient HVAC and gas heating. Each residential apartment features a 4-room layout and full bath, separate utilities, and individual meters. All units are tenant-at-will. Additional features include paved off-street parking and a full unfinished basement with walkout access and windows. Located in a high-traffic area, this property offers endless possibilities.
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Last Updated: November 10th, 2024 at 7:53am
Highway Access
Public School
Shopping
Public Transportation
General Information for 181 West St, Leominster, Massachusetts 01453
Property TypeResidential Income
Property Sub TypeMulti Family
Price$519,000
Price per sqft$148.12
MLS #73265994
Handicap Access / FeaturesNo
List Date2024-07-17
Special Listing ConditionsNo
StateMassachusetts
Street NameWest St
CityLeominster
Zip Code01453
CountyWorcester
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones2
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total3504
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress181 West St, Leominster MA 01453
Zoning
Interior Features for 181 West St, Leominster, Massachusetts 01453
* Approx. Living Area Total3,504 sq ft
Living Area Includes BasementNo
Bedrooms5
* # Fireplaces0
Bathrooms (Total)2.5
Full Baths2
* # Half Baths1
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 1
MLSPIN_H_BTHS_41
OffMarketDate
Exterior Features for 181 West St, Leominster, Massachusetts 01453
* Approximate Lot Size0.14 acres
Covered Parking Spaces0
Lot FeaturesNo
* Parking Spaces10
* Sewer Utilities
* Water Utilities
* Year Built1909
Year Built Details
Year Built SourcePublic Records
Construction MaterialsNo
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)6,001 Sqft
Disclosures for 181 West St, Leominster, Massachusetts 01453
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation0
TransactionBrokerCompensationType%
BuyerAgencyCompensationType
Financial Information for 181 West St, Leominster, Massachusetts 01453
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceOwner
Gross Income$35,400
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT11000
MLSPIN_RENT21100
MLSPIN_RENT3850
MLSPIN_RENT41400
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$35,400
OperatingExpense$0
OriginalListPrice$525,000
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water)
TOTAL_RENT4350
WaterSewerExpense$0
Lifestyle Information for 181 West St, Leominster, Massachusetts 01453
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 181 West St, Leominster, Massachusetts 01453
Elementary School
Middle School
High School
NumberOfUnitsTotal2
Marketing History for 181 West St, Leominster, Massachusetts 01453
MLSPIN_MARKET_TIME_BROKER115
MLSPIN_MARKET_TIME_PROPERTY115
PurchaseContractDate
Agent Information for 181 West St, Leominster, Massachusetts 01453