498 Lancaster Leominster MA 01453 MLS #73426849

498 Lancaster
Leominster, MA, 01453
$699,900
8 Beds
3 Baths
2,497 SqFt
0.26 Acres
$699,900
498 Lancaster
Leominster, MA, 01453
Open House Sep 13, 2025
11:00 – 01:00
Large Tri-Level 3 Unit Multi family on a corner lot with plenty of parking located in a nice neighborhood area of Leominster. The seller has upgraded the units during ownership: Varies per unit– Kitchens to include the cabinets, countertops & stainless appliances, gas stoves, 3rd level has a dishwasher. New flooring, carpet tile & laminate! Some units have lovely hardwood flooring! New bathrooms with vanities & flooring.The 1st & 2nd floors boasts spacious eat in kitchens, living room, & 3 bedrooms. The 3rd floor has 2 bedrooms & a heated/enclosed sun room that can be used as one selects! Large Kitchen with room for dinning area! Some new windows over time.Covered Porches. All separate heat & electric with a common landlord panel. Separate On-wall mount HW heater for washer hookup-Coin op Dryer.Rents are below market 3 bedrooms rent potential $2000-2200 & 3rd unit $1800-2000. Level grass yard! 1st Showings at OH Sat 9/13 /25 11am-1pm!

Property Details

Price:
$699,900
MLS #:
73426849
Status:
Active
Beds:
8
Baths:
3
Address:
498 Lancaster
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Leominster
Listed Date:
Sep 5, 2025
State:
MA
Finished Sq Ft:
2,497
Total Sq Ft:
2,497
ZIP:
01453
Lot Size:
11,250 sqft / 0.26 acres (approx)
Year Built:
1900
Units:
3

Schools

Elementary School:
Frances Drake
Middle School:
Sky View
High School:
Leominster

Interior

Appliances
Range, Refrigerator, Dishwasher
Bathrooms
3 Full Bathrooms
Flooring
Vinyl, Laminate, Hardwood, Carpet
Heating
Baseboard, Natural Gas
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T- Station
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
8
Roof
Shingle

Financial

Net Operating Income
$55,660
Tax Year
2024
Taxes
$5,607
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

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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