113 Spruce St 6 Unit Apartment Building $937,500 ($156,250/Unit) 8.01% Cap Rate Leominster, MA 01453

Marcus & Millichap is pleased to present 113 Spruce Street in Leominster, Massachusetts — a six-unit multifamily asset consisting of three one-bedroom units and three two-bedroom units. The property provides off-street parking for every unit, along with an on-site laundry room. Situated on a corner lot at Spruce St and Wells Court in Leominster's Frenchville neighborhood, the property overlooks Mechanic Street Park. Tenants benefit from excellent connectivity and proximity to major demand drivers: the MBTA Fitchburg Line is just a five minute drive (1.7 miles), providing commuter rail access to Boston; UMass Memorial Health Leominster is also a five minute drive away (1.7 miles); downtown Leominster is a short half-mile from the property; and the Mall at Whitney Field, home to national retailers, is also a five minute drive away (1.2 miles).
This asset delivers day-one cash flow with no near-term capital expenditure requirements, making it ideal for income-focused investors seeking durable returns without a heavy value-add component. Leominster's gateway-city positioning, established industry and employment base, and Central Massachusetts' documented regional housing shortfall of 20,500 units by 2035 support sustained renter demand and strong occupancy — favorable fundamentals for both current cash-on-cash performance
and future exit liquidity.