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42-44 Summer St 6 Unit Apartment Building $1,150,000 ($191,667/Unit) Leominster, MA 01453
Investment Highlights
- Location & Connectivity
- Healthcare & Anchor Institutions
- Value-add Opportunity
- Diverse Unit Mix
Executive Summary
Boston Realty Advisors is proud to present the exclusive opportunity to acquire 42-44 Summer Street in Leominster, MA. This 6-unit multifamily asset offers a diverse unit mix of one, two, and three-bedroom apartments, with the majority of units having been previously upgraded or fully renovated. The property includes at least one dedicated parking space per unit — a meaningful amenity in the Central Massachusetts market — and presents a compelling blend of stabilized, in-place income with a clear, defined value-add path through the renovation of the property’s one remaining unrenovated unit.
Leominster is a growing city in North Central Massachusetts with strong residential rental fundamentals, bolstered by its convenient access to Route 2 and Interstate 190, proximity to Fitchburg and the broader Montachusett region, and a commuter rail connection to Boston via the Fitchburg/South Acton Line. The city’s affordability relative to Greater Boston and improving employment base continue to drive renter demand and support healthy occupancy levels across the multifamily market.
Leominster is a growing city in North Central Massachusetts with strong residential rental fundamentals, bolstered by its convenient access to Route 2 and Interstate 190, proximity to Fitchburg and the broader Montachusett region, and a commuter rail connection to Boston via the Fitchburg/South Acton Line. The city’s affordability relative to Greater Boston and improving employment base continue to drive renter demand and support healthy occupancy levels across the multifamily market.
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $191,667 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 6,000 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $1,150,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,000 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | LEOM-000024-000005 | Improvements Assessment | $534,800 |
| Land Assessment | $113,500 | Total Assessment | $648,300 |
Property Taxes
Parcel Number
LEOM-000024-000005
Land Assessment
$113,500
Improvements Assessment
$534,800
Total Assessment
$648,300
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42-44 Summer St
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