Active
33 Days on market
88 Granite St Leominster — Photo 1 of 35

88 Granite St Leominster — Photo 1 of 35

$480,000

Investment Analysis — 88 Granite St

Leominster, MA 01453

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 5-bedroom in 01453 carries an estimated $2,790/mo in gross rent — about a 3.95% cap rate and $18,951/yr in estimated NOI at the $480,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

2

SqFt

2,594

Style

Single Family

Built

1980

Welcome to 88 Granite Street - a spacious 5Bed 2Bath Single Family home on a corner lot with both a side yard and large backyard, plus off-street parking for up to 6 vehicles. Offering a great location just a short walk to Leominster High School! Situated in an established neighborhood close to schools, shopping, dining, parks, and major routes, this property offers the convenience of proximity to your daily needs along with the enjoyment of a residential neighborhood. The home welcomes you with a mature plum tree and a functional first-floor layout featuring two generously sized bedrooms, a living room, dining room, kitchen, and full bathroom. Upstairs, you'll find three additional bedrooms, a second full bath, plus a bonus room that could make an ideal home office, study, or flex space. Step outside to the back deck overlooking the parking area, which comfortably accommodates six cars. Beyond the parking area is a large yard with a small above-ground pool, creating a great setting for summer gatherings, outdoor activities, and entertaining. The home does need some TLC, and the price reflects the opportunity to make improvements and add your own personal touches. With five bedrooms plus bonus space and a desirable location within walking distance of Leominster High School, this property offers plenty of possibilities for a buyer ready to put in some work. Whether you're a first-time buyer, looking for additional space, or searching for an investment opportunity, 88 Granite Street is worth a look. Bring your ideas and make this Leominster property your own!

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 2,594 sq ft principal dwelling). Lot size: 13,624 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

Original Price$480,000
Annual Taxes$6,494

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms9
FireplacesNone
Flooring--
BasementFull, Finished

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRA

Property & Lot

Acres0.31
SqFt Lot13,624
Lot FeaturesCorner Lot

Amenities & Appliances

Electric Water Heater • Range • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 3Bedroom 4Bedroom 5Bathroom 2
First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl First
Bedroom 2
Lvl First
Bedroom 3
Lvl Second
Bedroom 4
Lvl Second
Bedroom 5
Lvl Second
Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Listing Provided By

Listing Agent: Matthew Petty

Listing Office: FRAME Residential

MLS® Number: 73562739