For Sale
54-56 N Main St, Leominster, MA
Leominster · MA 01453
- $999,500
- Price
- 9
- Beds
- 5
- Baths
- 4165
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
5 Units
Lot size:
0.53 Acre Lot
Price per square foot:
$240 / Sq.Ft
Parking:
11 Off Street Spaces
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.
Neighborhood & Transit
54-56 N Main St, Leominster · MA 01453
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 258 days
- Listing Price:
- $999,500
- Price per Sq.Ft:
- $240
- Tax Assessment:
- $685,100 in 2025
- Taxes:
- $801 / Monthly
Home Facts
Interior Features
- Bedrooms
- 9
- Full Bathrooms
- 5
- Half Bathrooms
- 0
- Living Area
- 4,165 Sq.Ft
- Broker Disclosure about Living Area
- Broker not responsible for discrepancies in SF
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4165
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 22,986 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 11 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Team Lillian Montalto
- Listing office
- Lillian Montalto Signature Properties
- MLS PIN #
- 73478773
- Disclosure
- Buyers responsible for own due diligence
- Disclosure
- Broker not responsible for discrepancies in SF
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