For Sale · Multi-Family
54-56 North Main St
Leominster, MA 01453
Price cut: $265,500
$999,500
$1,265,000
$240 per sq ft
- 9
- beds
- 5
- baths
- 4,165
- sq ft
Est. payment: $6,005/mo Estimated. Taxes and insurance included.
- Lot (sq ft)
- 22,986
- Year Built
- 1920
- Type
- Multi-Family
- Status
- For Sale
- Property taxes (2025)
- $9,612
- Assessed value
- $685,100
- Days on Market
- 196
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.
Facts & features
Interior
- Total rooms
- 21
- Appliances
- Range, Microwave, Refrigerator, Dishwasher
- Basement
- Full, Unfinished
- Interior features
- Ceiling Fan(s), Bathroom With Tub & Shower, Bathroom with Shower Stall, Living Room, Kitchen
Systems & utilities
- Heating
- Oil, Natural Gas
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Exterior & parking
- Parking
- Paved Drive, Off Street
- Total parking
- 11
Construction
- Construction materials
- Frame
- Foundation
- Stone
- Roof
- Shingle
- Year built
- 1920
Flood risk
Location
Courtesy of Lillian Montalto Signature Properties
MLS #: 73478773 · Updated: July 17, 2026
Listing data is provided in part by MLS PIN and PrimeMLS/NEREN and is for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed.
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