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498 LancasterLeominster, MA 01453

For Sale

$699,900

Smart Buyer Rebate $1,498

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!

Listed by Kelle O'Keefe

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Keller Williams Realty North Central

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603-831-1087

Last updated September 06, 2025

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Source: MLSPin #73426849

Listing Facts

  • TypeMulti-family
  • NeighborhoodLeominster
  • Bedrooms8
  • Bathrooms3
  • Days on Prevu4
  • Taxes$5,607/year
  • Size2,497 sqft
  • Price per sqft$280

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

09/05/2025
Listed by Keller Williams Realty North Central
$699,900

Property Details for 498 Lancaster

Association

Amenities

  • 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

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Shingle
  • Stories: 3
  • Stories Total: 3
  • Window Features: Insulated Windows
  • Year Built: 1900
  • Year Built Details: Actual
  • Construction Materials: Frame

Features

  • Patio And Porch Features: Porch, Enclosed
  • Road Frontage Type: Public

Measurements

  • Building Area Total: 2,497
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot, Wooded, Level
  • Lot Size Acres: 0.26
  • Lot Size Area: 0
  • Lot Size Square Feet: 11,250
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $59,400.00
  • Operating Expense: $3,740.00

Taxes

  • Tax Annual Amount: $5,607.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Range, Refrigerator, Dishwasher
  • Flooring: Vinyl, Laminate, Hardwood, Carpet
  • Interior Features: Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen, Sunroom

Measurements

  • Living Area: 2,497
  • Living Area Source: Public Record

Rooms

  • Basement: Full, Interior Entry
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 8
  • Rooms Total: 14

Parking

Parking

  • Open Parking: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Parking Total: 8

Schools

Elementary School

  • Elementary School: Frances Drake

High School

  • High School: Leominster

Middle or Junior School

  • Middle Or Junior School: Sky View

Utilities

Equipment

  • Electric: Circuit Breakers
  • Heating: Baseboard, Natural Gas
  • Has Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: For Gas Range, For Electric Range, For Electric Dryer, Washer Hookup
  • Water Source: Public

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.