202 Pierce St Leominster — Photo 1 of 42
$399,900
Investment Analysis — 202 Pierce St
Leominster, MA 01453
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01453 carries an estimated $2,790/mo in gross rent — about a 4.84% cap rate and $19,339/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,028
Style
Single Family
Built
1916
Location, Space & Potential! Located directly next to a golf course, 202 Pierce St offers an exciting opportunity for investors, buyers, or anyone looking for a property with room to grow.This 4-bedroom, 2-bath home offers approximately 2,028 square feet of living space on a generous .63-acre lot. The combination of size, land, and location creates plenty of possibilities for the right buyer.The golf-course setting adds a unique appeal, while the substantial lot provides valuable outdoor space and potential. With four bedrooms and two full bathrooms, the home offers a versatile layout that can appeal to a variety of buyers.Bring your vision and take advantage of this unique Leominster opportunity! Properties offering this combination of land, living space, and location don't come along every day.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,028 sq ft principal dwelling). Lot size: 27,256 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Eric Callahan
Listing Office: Prospective Realty INC
MLS® Number: 73577902
