$1,100,000
40-46 Cottage St
Leominster, MA, 01453
Rare investment opportunity featuring two separate homes on one lot with excellent income potential. This unique property consists of a large 3-family offering spacious 2-bedroom units that could easily be converted into 3-bedroom units with minor modifications, creating additional upside for investors. The second building is a 2-family with a 2-bedroom unit on the first floor and a 1-bedroom unit on the second floor. All units feature in-unit washer and dryer hookups for added tenant convenience. The property also offers ample off-street parking, a highly desirable feature for tenants. Important exterior updates have already been completed, including a brand-new roof on the 2-family and a newer roof on the 3-family replaced just a few years ago. Whether you are looking to expand your portfolio or owner-occupy while generating strong rental income, this property offers flexibility, value-add potential, and long-term cash flow opportunity.
Property Details
Price:
$1,100,000
MLS #:
73535093
Status:
Active
Beds:
9
Baths:
5
Type:
Multi Family
Subtype:
5-9 Family
Listed Date:
Jun 10, 2026
Finished Sq Ft:
6,500
Total Sq Ft:
6,500
Lot Size:
21,705 sqft / 0.50 acres (approx)
Year Built:
1900
Units:
5
Schools
Interior
Above Grade Finished Area
6500
Bathrooms
5 Full Bathrooms
Fireplaces Total
1
Levels
5
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
Lot Features
Level
Open Parking Spaces
12
Open Parking YN
1
Parking Features
Paved Drive
Parking Spots
12
Parking Total
12
Roof
Shingle
Stories
5
Financial
Tax Year
2026
Taxes
$6,658
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Leominster as of Jun 20, 2026
26
Multi Family Listed
62
Avg DOM
219
Avg $ / SqFt
$857,350
Avg List Price
Community
- Address40-46 Cottage St Leominster MA
- CityLeominster
- CountyWorcester
- Zip Code01453
Subdivisions in Leominster
Similar Listings Nearby
Property Summary
- 40-46 Cottage St Leominster MA is a Multi Family for sale in Leominster, MA, 01453. It is listed for $1,100,000 To schedule a showing of MLS#73535093 at 40-46 Cottage St in Leominster, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Atlantic Coast Homes,Inc. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
40-46 Cottage St
Leominster, MA