Active
4 Days on market
113 Spruce Leominster — Photo 1 of 23

113 Spruce Leominster — Photo 1 of 23

$877,000

113 Spruce, Leominster, MA 01453

Leominster, MA 01453

Beds

9

Baths

6

SqFt

4,917

Style

5-9 Family

Built

1900

Excellent opportunity to acquire a cash-flowing 6-unit multifamily in Leominster! Currently generating $9,480/month in gross rental income ($113,760 annually) with five units occupied and one newly renovated vacant unit ready for its next tenant. The property offers strong in-place income from day one while leaving room for additional upside through minor cosmetic improvements to the remaining units and common areas. An attractive opportunity for an investor looking for a stabilized multifamily asset without taking on a major renovation project. Convenient location near downtown Leominster, shopping, restaurants and major routes.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$178/sqft
Local Avg (Leominster)$213/sqft
16% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Leominster, MA.

Property Details

Financials

Original Price$877,000
Annual Taxes$8,993

Parking

Garage1
Off-Street7

Interior Specifications

Total Rooms22
FireplacesNone
Flooring--
BasementFull, Interior Entry

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationStone
ZoningRC

Property & Lot

Acres0.16
SqFt Lot7,117
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Shopping • Public School

Geography

Population

43,851

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

37.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,805 housing units permitted in the last 12 months (+1% vs the prior 12 months) — 1,007 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Damon Amato

Listing Office: Realty One Group Nest

MLS® Number: 73578802

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