45 Laurel St, Leominster, MA 01453
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$1,050,000
6 Unit
9 Beds
6 Baths
5166 SQFT
0.31 Acre

Property Description

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.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 5
  • Total Bedrooms: 9
  • Total Full Baths: 6
  • Amenities: Highway Access, Public Transportation
  • Basement Features: Full, Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 108600
  • Gross Expenses: 19940
  • Water/Sewer: 2264
  • INSC: 8640
  • RFS: 2520
  • Management Fee: 6516
  • Net Operating Income: 71860

Utilities

  • Heat Zones: 6
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Tile, Wall to Wall Carpet, Wood
  • Lead Paint: Certified Treated, Unknown
  • Warranty: No

Other Information

  • MLS ID# 73502250
  • Last Updated: 05/18/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/15/2026Active$1,050,000$203MLSPIN
05/11/2026Back on Market$1,050,000$203MLSPIN
04/28/2026Contingent$1,050,000$203MLSPIN
04/19/2026Active$1,050,000$203MLSPIN
04/15/2026New$1,050,000$203MLSPIN

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Seller's Representative: Patrick Hermans, J. Borstell Real Estate, Inc.
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 2026-05-18 08:39:00