$1,100,000
54-56 North Main St
Leominster, MA, 01453
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.
Property Details
Price:
$1,100,000
MLS #:
73478773
Status:
Active
Beds:
9
Baths:
5
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Feb 19, 2026
Finished Sq Ft:
4,165
Total Sq Ft:
4,165
Lot Size:
22,986 sqft / 0.53 acres (approx)
Year Built:
1920
Units:
5
Schools
Elementary School:
Northwest Elementary School
Middle School:
Sky View Middle School
High School:
Leominster Senior High School
Interior
Above Grade Finished Area
4165
Appliances
Range, Microwave, Refrigerator, Dishwasher
Bathrooms
5 Full Bathrooms
Cooling
None
Heating
Oil, Natural Gas
Interior Features
Ceiling Fan(s), Bathroom With Tub & Shower, Bathroom with Shower Stall, Living Room, Kitchen
Levels
6
Exterior
Community Features
Public Transportation, Park, Highway Access, Public School
Construction Materials
Frame
Open Parking Spaces
11
Open Parking YN
1
Parking Features
Paved Drive, Off Street
Parking Spots
11
Parking Total
11
Roof
Shingle
Stories
6
Financial
Tax Year
2025
Taxes
$9,612
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
Current real estate data for Multi Family in Leominster as of May 05, 2026
18
Multi Family Listed
44
Avg DOM
238
Avg $ / SqFt
$765,167
Avg List Price
Community
- Address54-56 North Main St Leominster MA
- CityLeominster
- CountyWorcester
- Zip Code01453
Subdivisions in Leominster
Similar Listings Nearby
Property Summary
- 54-56 North Main St Leominster MA is a Multi Family for sale in Leominster, MA, 01453. It is listed for $1,100,000 To schedule a showing of MLS#73478773 at 54-56 North Main St in Leominster, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Lillian Montalto Signature Properties. The property listing data and information 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 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 set forth herein.
54-56 North Main St
Leominster, MA