$1,265,000

54-56 North Main St, Leominster, MA 01453

  • 9 beds |
  • 5 baths |
  • 4,165 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon0.53acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $304/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Active
Date Added:
February 19, 2026
Data Last Updated:
April 4, 2026 at 3:08PM
Listing Office:
Lillian Montalto Signature Properties : 978-475-1400
Listing Agent:
Team Lillian Montalto : 978-475-1400
MLS ID:
73478773
  • General: Ceiling Fan(s)Bathroom With Tub & ShowerBathroom with Shower StallLiving RoomKitchen
  • Appliances: RangeMicrowaveRefrigeratorDishwasher
  • Basement: FullUnfinished
  • A/C: None
  • Heating: OilNatural Gas
  • Fireplace: Fireplaces: 0
  • Parking: Paved DriveOff StreetParking spaces: 11
  • Roofing: Shingle
  • General: Frame6Stone
  • Originating MLS: MLS Property Information Network
  • County: Worcester
  • Zoning: RBM:0070 B:0007 L:0000
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network

This listing courtesy of Team Lillian Montalto , Lillian Montalto Signature Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Northwest Elementary School

45 Stearns Ave, Leominster, MA, 01453

Grades KG-5

0.48 miles away

S

Sky View Middle School

500 Kennedy Way, Leominster, MA, 01453

Grades 6-8

2.10 miles away

L

Leominster High School & Center for Technical Education

122 Granite St, Leominster, MA, 01453

Grades 9-12

1.08 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.