$999,500
54-56 North Main St, Leominster, MA
9
Beds
5
Baths
4,165
Square feet
0.53
Acres
The property currently generates approximately $110,784 in gross annual rental income, offering strong in-place cash flow with upside through targeted improvements and operational efficiencies. This 5-unit multi-family investment at 54–56 North Main Street includes 9 bedrooms and 5 full baths across approximately 4,165 sq ft. Units feature a mix of 1- and 3-bedroom layouts, each with its own kitchen and full bath. Set on a 0.53-acre lot, the property offers 11 off-street parking spaces, a full unfinished basement for additional storage, and a durable vinyl exterior. Tenants are in place, providing immediate income. Conveniently located near downtown Leominster, shopping, dining, and major routes. Please see the attached Income & Expense Summary for full financial details. A solid opportunity for investors seeking a well-located, income-producing multi-family property with upside potential.
Facts & Features
| MLS® # | 73478773 |
|---|---|
| Price | $999,500 |
| Bedrooms | 9 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 4,165 |
| Acres | 0.53 |
| Year Built | 1920 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
| Taxes | $9,612 |
| Tax Year | 2025 |
Community Information
| Address | 54-56 North Main St |
|---|---|
| City | Leominster |
| County | Worcester |
| State | MA |
| Zip Code | 01453-5508 |
Amenities
| Parking Spaces | 11 |
|---|---|
| Parking | Paved Drive, Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Bathroom With Tub & Shower, Bathroom with Shower Stall, Living Room, Kitchen |
|---|---|
| Appliances | Range, Microwave, Refrigerator, Dishwasher |
| Heating | Oil, Natural Gas |
| Cooling | None |
| Fireplace | No |
| # of Stories | 6 |
| Stories | 6 |
| Basement | Yes |
| Basement Features | Full, Unfinished |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Frame |
| Foundation | Stone |
School Information
| Elementary | Northwest Elementary School |
|---|---|
| Middle | Sky View Middle School |
| High | Leominster Senior High School |
Additional Information
| Zoning | RB |
|---|---|
| Units In Complex | 5 |
| Water | Public |
| Sewer | Public Sewer |
Listing Details
| Agent | Team Lillian Montalto |
|---|---|
| Office | Lillian Montalto Signature Properties |