Multi Family at 163-165 Central St, Leominster MA 01453, Leominster
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26 photos

$480,000

163-165 Central St, Leominster MA 01453
Leominster, MA 01453
Listed by John Snyder
Bedrooms
3
Bathrooms
2
Living area
1,560 sqft
Year built
1900

About this home

Rare live-work opportunity, this high-visibility property sits in prime Business B (BB) zoning, across from the new police station at a high-traffic, signaled intersection within walking distance to downtown. Perfect for a small business, start-up, or ambitious business owner: live in the vacant, flexible 1-2 bedroom unit and run your business out of the same building, while the 2-bedroom tenant-at-will side cash-flows to offset your overhead.Want to build an empire? The commercial strip location is primed for future development, and the sale even includes architect sketches to rebuild the site into a 6-unit building! Savvy portfolio investors and commercial buyers already recognize the raw land value of this footprint, so do not wait for the competition to swoop in and steal this location. Featuring an 8 year old roof, a fenced yard, and plenty of off-street rear parking. Bring your vision and claim your spot today, schedule your private tour before it is gone!

Property details

MLS #
73571762
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
28
On market date
September 3, 2026
Stories
4
Total bathrooms
2
Garage spaces
N/A
Parking spaces
8
Lot size
0.15 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Frances Drake School
0.7 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
490
Student:teacher ratio
11.4:1
District
Leominster
Middle
Samoset School
1.93 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
511
Student:teacher ratio
13.8:1
District
Leominster
High
Leominster Center for Excellence
1.27 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
47
Student:teacher ratio
9.4:1
District
Leominster

Walkability

Blended score for Leominster's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

62
Walkable
out of 100
EPA National Walkability Index
9.0 / 20 -- Below average walkable
Google Places amenity density
87 / 100
Restaurants & cafes20
Grocery stores5
Parks2
Schools8
Transit stops2
Pharmacies1

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,041/mo
$96,000 down
$384,000 loan
Principal & interest$2,491
Property tax (est.)$400
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 24 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.