278 Water Street, Leominster, MA 01453
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$549,000
2 Unit
5 Beds
2 Baths
2093 SQFT
0.24 Acre

Property Description

Charming Two-Unit Home on Corner Lot – First Time on Market in 68 Years!Pride of ownership shines through in this well-maintained two-family home, nestled on a spacious corner lot at the end of a dead-end street. One car garage with attached shed. This property has been lovingly cared for by the same family and is a rare find for investors or owner-occupants alike.Each unit features beautiful hardwood floors, spacious layouts, and plenty of natural light. The home is equipped with a reliable Buderus furnace and newer hot water heaters, offering both comfort and energy efficiency.Located just minutes from major amenities and convenient driving routes, this property combines peaceful residential living with excellent access to everything you need. Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this home offers great potential and flexibility.Don’t miss this opportunity to own a solid, income-generating house

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Partially Finished, Walk Out
  • Common Rooms: Family Room, Kitchen, Living Room, Mudroom
  • Common Interior Features: Bathroom With Tub & Shower, Cedar Closet, Ceiling Fans, Pantry, Storage, Tile Floor
  • Common Appliances: Disposal, Dryer, Microwave, Range, Refrigerator, Vent Hood, Washer, Washer & Dryer Hookup, Washer Hookup
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 36000
  • Net Operating Income: 36000

Utilities

  • Utility Connections: Icemaker Connection, Washer Hookup, for Electric Dryer, for Electric Oven, for Electric Range, for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

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

Construction

  • Year Built: 1915
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73415965
  • Last Updated: 08/28/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/28/2025Contingent$549,000$262MLSPIN
08/21/2025Active$549,000$262MLSPIN
08/17/2025Price Change$549,000$262MLSPIN
08/14/2025Active$569,000$272MLSPIN
08/10/2025New$569,000$272MLSPIN

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Seller's Representative: Thomas Steeves, Maritime 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

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MLS PIN data last updated at 2025-08-28 18:25:00

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