54-56 North Main St, Leominster, MA 01453

Leominster
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
54-56 North Main St,Leominster, MA 01453
$1,265,000
  • 9 Beds
  • 5 Baths
  • 4,165 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, Apr 04
    01:00 pm - 03:00 pm
Listed by: team lillian montalto, lillian montalto
Office: lillian montalto signature properties
MLS#:73478773
Source:MLSPIN

Price summary

  • Price:$1,265,000
  • Price per sq. ft.:$303.72

About this home

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.

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Home facts

  • Year built:1920
  • Listing ID #:73478773
  • Updated:April 03, 2026 at 10:33 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:21
  • Bathrooms Description:Bathroom With Tub & Shower, Bathroom with Shower Stall
  • Kitchen Description:Dishwasher, Kitchen, Microwave, Range, Refrigerator
  • Basement Description:Full, Unfinished
  • Living area:4,165 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Oil

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Building area:4,165 sq. ft.
  • Lot area:0.53 Acres
  • Construction Materials:Frame
  • Foundation Description:Stone

Schools

  • High school:Leominster Senior High School
  • Middle school:Sky View Middle School
  • Elementary school:Northwest Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,265,000
  • Price per sq. ft.:$303.72
  • Tax amount:$9,612 (2025)

Features and amenities

  • Appliances:Dishwasher, Microwave, Range, Refrigerator
  • Amenities:Ceiling Fan(s)

Parking

  • Total parking spaces:11
  • Parking description:Off Street, Paved Drive
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 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 or leasing 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 or leasing. 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.

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