
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstBedroom 2
Lvl FirstBedroom 3
Lvl SecondBedroom 4
Lvl SecondBedroom 5
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondListing Agent: Matthew Petty
Listing Office: FRAME Residential
MLS® Number: 73562739