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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.

More Info

Basic Information

  • Gross Income $108,000
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number M:0009 B:0011 L:0000,1577106

Tax Information

  • Tax Assessed Value $487,400
  • Tax Year 2026
  • Taxes$6,658

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces12

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms9
  • Full Bath5

Basic Information

  • List Price$1,100,000
  • MLS Number73535093
  • Modification Date06/12/2026
  • Property SubType5-9 Family

Location

  • Address40-44 Cottage Street
  • Building Number40-44
  • CountyWorcester
  • StateMA
  • StreetCottage Street
  • TownLeominster
  • Zip01453

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplaces Total 1
  • FoundationStone
  • Levels 5
  • Rooms23
  • Stories5
  • Units5
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.5

Exterior

  • RoofShingle

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 6,500
  • Lot Size Square Feet 21,705
  • Lot Size Units Acres
  • Square Feet6,500

Amenities

  • AmenitiesPublic Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
  • Other AmenitiesBasement, Fireplace

Legal

  • ZoningRC

Other

  • Date Listed06/12/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Nicolas Berthet-Garcia of Property Investors & Advisors,LLC

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