Leominster Multi-Family Homes
Leominster, located in Worcester County, is west of Boston. Some areas of the city, such as French Hill, have been developed with blocks of "triple decker" apartment houses.
Neighborhoods
- The Pleasant Street and Wachusset Street neighborhood, with a median real estate price of $347,527, is among the 61.7-percent highest-priced neighborhoods in the state and 27.4-percent highest-priced neighborhoods in the country. The average rental price, at $1,28, is higher than 17.9-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom, small apartment buildings. Most housing units are owner-occupied and were built between 1940 and 1999. There is a low vacancy rate of 5.3-percent. The average commute time is 15 minutes.
- The Prospect Street and Harvard Street neighborhood, with a median real estate price of $346,173, is among the 61.9-percent highest-priced neighborhoods in the state and 25.7-percent highest-priced neighborhoods in the country. The average rental price, at $1,615, is higher than 39.4-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes and small apartment buildings. Most housing units are owner-occupied and were built between 1940 and 1999. There is a vacancy rate of 8.5-percent. The average commute time is 15 minutes.
- The North Side neighborhood, with a median real estate price of $282,804, is among the 75.3-percent highest-priced neighborhoods in the state and75.3-percent highest-priced neighborhoods in the country. The average rental price, at $1,225, is higher than 14.1-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom, small apartment complexes and high-rise apartments. Most housing units are a mixture of owner-occupied and renter-occupied. They were built between 1940 and 1999. There is a vacancy rate of 6.3-percent. The average commute time is between 15 and 30 minutes.
- The Central Street and Grant Street neighborhood, with a median real estate price of $280,248, is among the 76.2-percent highest-priced neighborhoods in the state and 76.2-percent highest-priced neighborhoods in the country. The average rental price, at $1,180, is higher than 11.7-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom, apartment complexes and high-rise apartments. Most housing units are owner-occupied and were built between 1940 and 1999. There is a vacancy rate of 5.5-percent. The average commute time is 15 minutes.
- The West Side neighborhood, with a median real estate price of $264,645 is among the 79.4-percent highest-priced neighborhoods in the state and 79.4-percent highest-priced neighborhoods in the country. The average rental price, at $1,434, is higher than 28.1-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom, small apartment complexes and high-rise apartments. Most housing units are a mixture of owner-occupied and renter-occupied. They were built between 1940 and 1999. There is a vacancy rate of 7.7-percent much of which, 15-1-percent, is seasonal. The average commute time is between 15 and 30 minutes.
- The North Main Street and Grove Avenue neighborhood, with a median real estate price of $257,193, is among the 81.2-percent highest-priced neighborhoods in the state and 81.2-percent highest-priced neighborhoods in the country. The average rental price, at $1,103, is higher than 8.4-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom, small apartment buildings. Most housing units are a mixture of owner-occupied and renter-occupied. They were built before 1939 or between 1970 and 1999. There is a vacancy rate of 3.1-percent. The average commute time is 15 minutes.
- The City Center neighborhood, with a median real estate price of $289,860, is among the 87.7-percent highest-priced neighborhoods in the state and 87.7-percent highest-priced neighborhoods in the country. The average rental price, at $1,284, is higher than 18.0-percent of neighborhoods statewide. The majority of the housing units are studio to two-bedroom and three- to four-bedroom, small apartment buildings, apartment complexes, and high-rise apartments. Most housing units are renter-occupied. They were built before 1939 or between 1940 and 1969. There is a vacancy rate of 7.5-percent. The average commute time is 15 minutes.
- The Lock Drive and Mohawk Drive neighborhood, with a median real estate price of $210,383, is among the 89.9-percent highest-priced neighborhoods in the state and 89.9-percent highest-priced neighborhoods in the country. The average rental price, at $1,160, is higher than 10.5-percent of neighborhoods statewide. The majority of the housing units are studio to two-bedroom and three- to four-bedroom, small apartment buildings, apartment complexes, and high-rise apartments. Most housing units are renter-occupied and were built before 1939 or between 1940 and 1969. There is a high vacancy rate of 13.2-percent. The average commute time is between 15 to 30 minutes.
- The Gates Crossing neighborhood, with a median real estate price of $177,138, is among the 93.8-percent highest-priced neighborhoods in the state and 93.8-percent highest-priced neighborhoods in the country. The average rental price, at $1,342, is higher than 6.2-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom, small apartment complexes and high-rise apartments. Most housing units are a mixture of owner-occupied and renter-occupied. They were built between 1940 and 1999. There is a low vacancy rate of 3.3-percent. The average commute time is 15 minutes.
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This is a medium-sized city with 41,663 residents who work in a mixture of white-collar and blue-collar jobs. With 28.06-percent of the adults having a bachelor's degree or better, the per capita income, according to the 2010 census, was $29,529, nd $56,510 was the median household income. The average commute is 27.5 minutes, but residents can use the MBTA commuter rail system and the Montachusett Regional/Area Transit Authority (MART) bus system.
Of the 16,716 housing units, 54.7-percent are owner-occupied with a median home value of $264,645 and a vacancy rate of 6.6-percent. Since 2000, real estate values have appreciated 44.35-percent for an annual average of 2.06-percent. While 45.8-percent of the housing units are single-family homes, the housing units also include 5.6-percent townhomes, 21.4-percent small apartment buildings, 26.1-percent apartment complexes, and 1.1-percent mobile homes. At 37.9-percent, most of the housing units were built between 1970 and 1999 with 26.4-percent built before 1939, 28.4-precent built between 1940 and 1969, and 7.3-percent built since 2000. The average rent is $1,282.
This city has good opportunities for investing in multi-family housing. There is a lot of property and the occupancy rate is good throughout the city. Our agents know the area and can advise you on what properties should give you the best return on your investment and the best occupancy rate. With our large database, our agents can provide you with a list of properties from which to choose in this city and nearby areas. Our agents can advise you of market trends, potential development, and zoning restrictions in the area. They can help you set your bid for the property you chose and guide you during negotiations with the seller. In a market such as this, hiring one of our agents protects your investment.
To sell your property in this city quickly at the best possible price, our agents can help you set a price with a negotiable range and create a marketing plan for you. Our large database will provide access to more potential buyers. When you receive offers, our agents will be able to investigate the ability of potential buyers to close quickly. So let one of our agents help you sell your property quickly at a good price.
In this city with more options than many cities, contact us to buy or list a multi-family property in Leominster.
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