181 West St, Leominster, MA 01453
View Map
$519,000
2 Unit
5 Beds
4 Baths
3504 SQFT
0.14 Acre

Property Description

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.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Amenities: Highway Access, Public School, Public Transportation, Shopping
  • Basement Features: Dirt Floor, Full
  • Common Appliances: Range, Refrigerator
  • Common Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 69000
  • Net Operating Income: 69000

Utilities

  • Heat Zones: 2
  • Electric Info: 100 Amps, 220 Volts, At Street, Circuit Breakers, Individually Metered, Other (See Remarks), Underground, Varies per Unit
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No

Unit 4 Description

  • Under Lease: No

Construction

  • Year Built: 1909
  • Type: 2 Family - 2 Units Side by Side
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73323783
  • Last Updated: 01/11/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
01/13/2025Active$519,000$148MLSPIN
01/11/2025Active$519,000$148MLSPIN
01/09/2025New$519,000$148MLSPIN
01/07/2025New$519,000$148MLSPIN
12/18/2024Expired$519,000$148MLSPIN
12/18/2024Expired$519,000$148MLSPIN
09/28/2024Active$519,000$148MLSPIN
09/28/2024Active$519,000$148MLSPIN
09/24/2024Price Change$519,000$148MLSPIN
09/24/2024Price Change$519,000$148MLSPIN
07/21/2024Active$525,000$150MLSPIN
07/21/2024Active$525,000$150MLSPIN
07/17/2024New$525,000$150MLSPIN
07/17/2024New$525,000$150MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: Kevin Cormier, EXIT New Options Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-01-11 03:05:00

Related Properties