What is the estimated cap rate for 26 Jerome Pl, Leominster, MA 01453?

Based on rent reported on the MLS listing, 26 Jerome Pl, Leominster, MA 01453 (3 units) has an estimated 5.07% cap rate at its $749,900 list price, assuming $5,075/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 26 Jerome Pl, Leominster, MA 01453?

The MLS listing reports about $5,075/month in total rent for a 3-unit multi-family in 01453. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

17 Days on market

26 Jerome Pl Leominster — Photo 1 of 39

$749,900

Investment Analysis — 26 Jerome Pl

Leominster, MA 01453

Based on rent reported on the MLS listing, a 3-unit multi-family in 01453 carries $5,075/mo in gross rent — about a 5.07% cap rate and $38,050/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

3.5

SqFt

3,290

Style

3 Family

Built

1920

This fantastic 3-unit building features a 2,500+ sq. ft. garage/workshop and de-lead certificates. All units have 2 bedrooms, laundry hook-ups, and individually metered gas heat and electric, making it an ideal choice for investment or owner-occupancy. The property is well-maintained with Mass Save insulation, vinyl siding, vinyl windows, landlord electric and gas meters, and a hardwired camera system. Two units feature private decks. The massive garage space accommodates 2 cars (tandem) with dedicated work and storage areas, plus a 1/2 bathroom. The garage space may offer additional storage rental income or potential for an additional apartment/ADU (buyer to verify local building codes and ordinances). Ample parking allows for up to 11 vehicles. Situated within 2 miles of the T station. Rt 2, and 190. All units currently have active leases. Please note that provided photos were taken prior to the tenancies.

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.

Financials

Original Price$749,900

Annual Taxes$8,234

Parking

Garage1

Off-Street11

Interior Specifications

Total Rooms13

FireplacesNone

FlooringWood, Tile, Vinyl, Carpet

BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas, Unit Control

CoolingWall Unit(s)

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofRubber

FoundationConcrete Perimeter

ZoningRC

Property & Lot

Acres0.26

SqFt Lot11,185

Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Range Hood

Neighborhood

Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Medical Facility

Geography

Listing Provided By

Listing Agent: Derek Greene

Listing Office: The Greene Realty Group

MLS® Number: 73569489