
186 Prospect St Leominster — Photo 1 of 33
Recent Drop: $55,000
$574,900
Investment Analysis — 186 Prospect St
Leominster, MA 01453
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01453 carries an estimated $2,790/mo in gross rent — about a 3.24% cap rate and $18,618/yr in estimated NOI at the $574,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,599
Style
Single Family
Built
1920
Welcome to this beautifully maintained home where timeless character meets modern convenience. A stunning front porch welcomes you inside to a sun-filled living room featuring hardwood floors, custom built-in library cabinetry, a wood-burning fireplace with a custom mantel, and exceptional craftsmanship throughout. The open-concept layout flows seamlessly into the dining room and updated kitchen, creating the perfect space for everyday living and entertaining. The kitchen features white shaker cabinetry, granite countertops, stainless steel appliances, a new stove, subway tile backsplash, and abundant storage, including multiple pantry and closet spaces.The flexible first floor offers a spacious primary suite, office or additional bedroom, half bath, laundry room, and numerous closets. Upstairs you’ll find three additional bedrooms with hardwood flooring, including a spacious suite with a soaking tub, granite countertops, and double sinks. Outside, enjoy a large private backyard with
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,599 sq ft principal dwelling). Lot size: 20,604 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Open Floorplan
Dining Room
Lvl FirstFlooring - Hardwood, Open Floorplan
Kitchen
Lvl FirstFlooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Open Floorplan
Family Room
Lvl FirstFrench Doors, Open Floorplan
Primary Bedroom
Lvl FirstBathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood
Bedroom 4
Lvl SecondFlooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Property History
$574,900
Was $599,900
Sep 10, 2026
MLS® 73534795
$599,900
Was $619,900
Jul 15, 2026
MLS® 73534795
$619,900
Was $629,900
Jun 27, 2026
MLS® 73534795
$629,900
Jun 11, 2026
MLS® 73534795
Listing Agent: Christian Doherty
Listing Office: Doherty Properties
MLS® Number: 73534795