54-56 North Main St
Leominster, MA 01453
9
Bed
5
Bath
4,165Sqft
0.53Acre(Lot)
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 opportuni
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 5 Full Baths: 5Room Information
Total Bedroom: 9 -
Roofing Information
Shingle -
Interior Features
Ceiling Fan(s), Bathroom With Tub & Shower, Bathroom with Shower Stall, Living Room, Kitchen Roof: Shingle Appliances: Range, Microwave, Refrigerator, Dishwasher -
Heating & Cooling
Heating: Oil, Natural Gas Cooling: None WaterSource: Public
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Building Information
Year Built: 1920 Construction Materials: Frame Basement: Full, Unfinished -
Exterior Features
Foundation Details: Stone
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Lot Information
Lot Size Area: 0.53 Lot Size Units: Acres Lot Square Feet: 22,986 Lot Acres: 0.53 Stories: 6 Main Square Feet: 0.53Property Information
Property Type: Residential Income Sub Type: 5+ Family - 5+ Units Up/DownSQ ft (Living Area): 4,165
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Listing Price Information
Original Listing Price: $1265000
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Tax Information
Parcel Number: M:0070 B:0007 L:0000 Annual Tax: $9612
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Parking Information
Parking Total: 11 Paved Drive, Off Street
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Elementary School: Northwest Elementary SchoolJunior High School: Sky View Middle SchoolSenior High School: Leominster Senior High School
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Location Information
Direction: Main St to North Main St
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 28 Willard St, Leominster, MA, 01453 | $440,000 | 4 | 1 | 1,455 | 1,455 SqFt |
| 32 Indian Ridge Dr, Leominster, MA, 01453 | $640,000 | 3 | 3 | 2,272 | 2,272 SqFt |
| 145 Malburn Street, Leominster, MA, 01453 | $649,900 | 4 | 4 | 2,454 | 2,454 SqFt |
| 21 Joslin Street, Leominster, MA, 01453 | $750,000 | 4 | 3 | 2,314 | 2,314 SqFt |
| 186 Prospect St, Leominster, MA, 01453 | $629,900 | 4 | 3 | 2,599 | 2,599 SqFt |
| 1237 Central St, Leominster, MA, 01453 | $2,900,000 | -- | -- | 14,270 | 14,270 SqFt |
| 1237 Central Street #7, Leominster, MA, 01453 | $70,000 | 2 | 1 | 720 | 720 SqFt |
| 23 Dobson Cir, Leominster, MA, 01453 | $599,900 | 2 | 2 | 1,588 | 1,588 SqFt |
| 75 Dale Ave, Leominster, MA, 01453 | $535,000 | 5 | 2 | 2,193 | 2,193 SqFt |
| 114 Richard Rd #8, Leominster, MA, 01453 | $469,900 | 3 | 2 | 1,375 | 1,375 SqFt |
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ByOwner last updated this listing 06/23/2026 @ 02:33
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