50 Summer St, Leominster MA 01453 – 5 bed 4 bath For Sale – 73364160
Overview
- Updated On:
- May 23, 2025
-
- 73364160
- 5 Bedrooms
- 4 Bathrooms
- 0 Garage Spaces
- 8 Non-Garage Parking Spaces
- 1920
Description
**Attention Investors-This is a must see!, particularly if you’re completing a 1031 exchange** Fully leased, Turn-key, 4 unit with many system updates. Separated utilities and ample parking. Cap rate of 6.7%. All units above grade and on leases, 2025 updates: New Forced Air furnace for Unit 3 (2nd floor) & chimney flue liner. Other updates include Blown-in Insulation; building electric & gas fully separated and updated, Roof replaced. Building plumbing & unit water heaters were updated on various dates. This is the one you’ve been waiting for – Don’t Miss Out!
This property is listed by Stig Bergquist from Keller Williams Realty
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 625,000 |
| Living Area | 2,550.00 ft2 |
| Bedrooms | 5 |
| Total Rooms | 13 |
|---|---|
| Listing MLS ID | 73364160 |
| Days on Market | 29 |
| Bathrooms | 4 |
Unit Information
| Bedrooms | 5 |
|---|---|
| Full Bathrooms | 4 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | |
| Uncovered Parking | 8 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Partial,Concrete |
| Patio And Porch Features | |
| Parking Features | Paved Drive,Off Street,Common,Paved |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 4 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials | Frame |
| Year Built | 1920 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Partial,Concrete |
| Roof | Shingle |
Additional Details
| Community Features | |
|---|---|
| Disclosures | Seller has never lived in property. |
| Last Updated | 2025-05-23T14:34:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | M:0024 B:0006 L:0000,1577367 |
| Original List Price | 625000 |
| Listing Office | keller williams realty |
| Tax Annual Amount | 6850 |
|---|---|
| Tax Assessed Value | 375600 |
| Tax Book Number | 8033 |
| Tax Year | 2024 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | Res |
| Listing Agent | stig bergquist |
Property Address
Amenities and Features
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50 Summer St, Leominster MA 01453 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
50 Summer St, Leominster MA 01453 – 5 bed 4 bath For Sale – 73364160
$ 625,000
Status: Active
50 Summer St, Leominster MA 01453, Leominster, , Worcester 01453
Country: US
Property Overview
MLS #: 73364160
Type: 4 Family /
Action: Residential Income
Year Built: 1920 (Approximate, Source: Public Records, Effective: )
Living Area: 2,550.00 ft2 (Total: 2550 Square Feet, Source: Public Records)
Lot Size: 0.25 ft2 (Area: 0.25 Acres, SqFt: 10700)
Total Rooms: 13
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 5 (Main Level: )
Bathrooms: Total: 4 (Full: 4, Half: 0, Decimal: 4, Main Level: )
Basement: Partial,Concrete
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features: Insulated Windows
Door Features: Insulated Doors
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame
Foundation: Block,Stone,Brick/Mortar,Irregular (Area: )
Roof: Shingle
Stories: 7 (7)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: 110 Volts,Circuit Breakers (Expense: )
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 8
Parking Features: Paved Drive,Off Street,Common,Paved
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features: Gentle Sloping
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features:
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: Res ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
**Attention Investors-This is a must see!, particularly if you’re completing a 1031 exchange** Fully leased, Turn-key, 4 unit with many system updates. Separated utilities and ample parking. Cap rate of 6.7%. All units above grade and on leases, 2025 updates: New Forced Air furnace for Unit 3 (2nd floor) & chimney flue liner. Other updates include Blown-in Insulation; building electric & gas fully separated and updated, Roof replaced. Building plumbing & unit water heaters were updated on various dates. This is the one you’ve been waiting for – Don’t Miss Out!
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 4
Units Owner Occupied:
Unit 1: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 0, Lease: Y
Unit 2: Beds: 0, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 0, Lease: Y
Unit 3: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 0, Lease: Y
Unit 4: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 0, Lease: Y
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 6850 (Year: 2024)
Tax Assessed Value: 375600
Tax Block/Lot/Book/Map: / / 8033 /
Parcel Number: M:0024 B:0006 L:0000,1577367
Special Licenses:
Current Financing:
Gross Income: 57900 (Scheduled: )
Net Operating Income:
Operating Expense: (Water/Sewer: , Insurance: )
Financial Data Source: Owner
APOD Available: Yes
Tenant Pays:
Rent Includes:
Total Actual Rent: 4825
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: Stig Bergquist (MLS ID: BB810861) / Team:
Listing Office: Keller Williams Realty (MLS ID: BB5962)
Agent (Property): 369593
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-04-24
Expiration Date: 1900-01-01
Original List Price: 625000
Price Per SqFt (List): 245.1
Market Time (Property): 29 (Broker: 29, Prev Broker: 0, Prev Property: 0)
MLS Status: Active
Possession:
Directions: Main St or Water St to Summer St
Disclosures: Seller has never lived in property., N
Lead Paint: Unknown
Title 5:
Exclusions: Tenants Personal Posessions.
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag: 1
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 353)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 2087024
Modification Timestamp: 2025-05-23T14:34:00.000Z
Bridge Modification Timestamp: 2025-05-23T14:36:20.393Z
Original Entry Timestamp: 2025-04-24T14:55:00.000Z
Status Change Timestamp: 2025-04-24T14:55:00.000Z
Off Market Date:
Development Status:
Business Type:
