Home Homes for Sale 54-56 North Main St, Leominster MA 01453
Price cut: $266K

$999,500
$240/sqft · Leominster, MA
9Beds
5Baths
4,165Sqft
0.53 acresLot Size
54-56 North Main St, Leominster MA 01453
Active Listed 148 days ago
5+ Family - 5+ Units Up/Down Built in 1920 0.53 Acre Lot 11 Parking Spaces

What's Special

5+ Family - 5+ Units Up/DownBuilt in 192011 Parking SpacesPrice Reduced

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.

Location

Property Details

Core Details

Property Type5+ Family - 5+ Units Up/Down
Year Built1920
Parcel NumberM:0070 B:0007 L:0000
ZoningRB
Stories6
MLS #73478773

Space & Sizing

Living Area4,165 sqft
Above Grade4,165 sqft
Total Rooms21
Bedrooms9
Bathrooms5
Lot Size0.53 acres

Features & Systems

Parking11 Parking Spaces
Open Parking11
ConstructionFrame
FoundationStone
RoofShingle
CoolingNone
HeatingNatural Gas, Oil
SewerPublic Sewer
Water SourcePublic

Features & Amenities

Appliances
Dishwasher Microwave Range Refrigerator
Community Features
Highway Access Park Public School Public Transportation
Interior Features
Bathroom with Shower Stall Bathroom With Tub & Shower Ceiling Fan(s) Kitchen Living Room
Levels
6
Lead Paint
Unknown
Parking Features
Off Street Paved Drive

Additional Information

Disclosures: Buyers responsible for own due diligence

Directions: Main St to North Main St

Financial Details

Annual Taxes$9,612 (2025)
Assessed Value$685,100
Gross Income$110,784
Operating Expense$16,717
Net Operating Income$88,528
Tax Book Number10436
Listed on Feb 19, 2026 Updated Jul 17, 2026 5:35 PM Worcester County

Interested in this home?

Contact a CRA Agent or Schedule a showing today.

Colonial Realty Associates
(617) 977-6025
MLS #73478773

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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, landlords, 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, leasing or renting 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, leasing or renting. 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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