181 West Street

Leominster, MA 01453

$519,000
Price
5
Beds
2
Baths
1
1/2 Bath
3,504 Sq. Ft.
$148 / Sq. Ft.
3,504
Sq. Ft.
$148
per Sq. Ft.

Description

A unique 5 unit investment opportunity blending residential and commercial spaces in a prime location. This rare mixed-use property features two spacious residential units above three versatile commercial/retail/office spaces. Recent upgrades make it ideal for investors and business owners. The left street-level unit is leased to a vintage clothing store with a half bath and utility space, while the right unit, a barber shop, will be vacant upon sale. The third unit, previously a nail salon, includes...A unique 5 unit investment opportunity blending residential and commercial spaces in a prime location. This rare mixed-use property features two spacious residential units above three versatile commercial/retail/office spaces. Recent upgrades make it ideal for investors and business owners. The left street-level unit is leased to a vintage clothing store with a half bath and utility space, while the right unit, a barber shop, will be vacant upon sale. The third unit, previously a nail salon, includes a tanning booth, half bath, and shower room with interior and rear access. All street-level units share efficient HVAC and gas heating. Each residential apartment features a 4-room layout and full bath, separate utilities, and individual meters. All units are tenant-at-will. Additional features include paved off-street parking and a full unfinished basement with walkout access and windows. Located in a high-traffic area, this property offers endless possibilities.
  1. Listed by Kevin Cormier • EXIT New Options Real Estate

Property Details for 181 West Street

Town
Leominster
Area
MA-Leominster
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10
LISTING UPDATED: 11/09/2024 10:42 AM

Property Details for 181 West Street

StatusActive
MLS #73265994
Days on Market133
Taxes$3,955 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Side by Side
Year Built1909
CountyWorcester County

Building Information for 181 West Street

Stories4Residences2Year Built1909Building Size-Lot Size0.14 AC / 6,001 SF

Property Information for 181 West Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access, Public School
  • Living Area: 3504.0
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Full, Dirt Floor
  • Num of Baths: 3.0
  • Num of Full Baths: 2
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 2.50
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Shared Driveway, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Electric: 220 Volts, Circuit Breakers, 100 Amp Service, Individually Metered, Varies per Unit
  • Heating: Natural Gas, Central
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: In addition to the two residential units on the second floor,there are three commercial units on the first floor. All tenants are TAW,and two of the three commercial units will be delivered vacant. Must walk through one bedroom to access in 2nd one in residential units.
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:0112 B:0012A L:0000,1579281
  • Assessments: $272,600
  • Book: 7143
  • Tax Year: 2024
  • Zoning: mixed use
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $35,400.00
  • NOI: $35,400.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Lease U3: N
Unit 4 Description
  • Lease U4: N
Rental Info
Rental Info
  • Total Actual Rent: $4,350.00
Market and Agent Information
Sale Info
  • Other Agent Compensation: 0

Property History for 181 West Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 181 West Street

Taxable ValueLand$80,300Additions$192,300Total$272,600
Tax Record2024$3,955 ($330 / month)
Home Facts
Baths2.5Total Finished SqFt3,504 SqFtAbove Grade Finished SqFt3,504 SqFtStories2Lot Size6,001 SqFtStyleOffice BuildingYear Built1909CountyWORCESTERAPNLEOM M:0112 B:0012A L:0000

Schools near 181 West Street

This home is within Leominster School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Northwest Elementary School
PublicK to 5

Samoset School
Public6 to 8

Leominster Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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181 West Street is a multi-family home for sale in Leominster, MA 01453. This property was listed for sale on July 17, 2024 by EXIT New Options Real Estate, it's currently listed at $519,000. It has been on the market for a total of 133 days and was last sold on March 22, 2010. This listing's school district is Leominster School District. Nearby schools include Northwest Elementary School, Samoset School and Leominster Senior High School. 181 West Street is a 5-bed, 2.5-bath, 3,504 sqft multi-family home built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXIT New Options Real Estate, Kevin Cormier

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.