54-56 North Main St, Leominster, MA 01453
Worcester County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1920
Stories
6
Living Area
4,165 sq ft
Lot Size
0.53 acres
Parking Spaces
11
Zoning
RB
Days on Market
148
MLS® Listing#
73478773
Property Features
Interior
Appliances
Cooling
Heating
Basement
Parking
Construction
Foundation
Roof
Community
Sewer
Water Source
Schools
- Elementary:
- Northwest Elementary School
- Middle:
- Sky View Middle School
- High:
- Leominster Senior High School
Financial Details
Annual Taxes
$9,612
Tax year 2025
Assessed Value
$685,100
Parcel Number
M:0070 B:0007 L:0000
Directions
Main St to North Main St
Affordability Calculator
$199,900
Estimated monthly payment
$5,320/mo
Principal $799,600 · Est. interest $1,115,513 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Leominster, MA
- $545,833
- Median Listing Price
- 30
- Median Days on Market
- 2,142
- Median Sq Ft
- $270
- Median Price / Sq Ft
- 77
- Active Listings
- This home’s price is 83% above the area median.
- Its price per sq ft is 11% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Leominster, MA.
Location
Points of Interest in Leominster, MA
Showing the Leominster area map.
Nearby Schools
St Leo School
School · 0.3 mi away
Priest Street
Elementary · 0.3 mi away
Leominster Public Schools
School · 0.5 mi away
Adventure Kids
School · 0.6 mi away
Bennett School
School · 0.9 mi away
Leominster High School
Secondary · 1.1 mi away
Center for Technical Education Innovation
Secondary · 1.1 mi away
Leominster Center for Excellence
Secondary · 1.1 mi away
St Anna Catholic School
School · 1.1 mi away
Southeast Elementary School
Elementary · 1.2 mi away
Frances Drake School Pto
Elementary · 1.2 mi away
Johnny Appleseed School
Elementary · 1.5 mi away
Sky View Middle School
Secondary · 2.1 mi away
Kings Corner Learning Center
School · 2.3 mi away
Fallbrook Elementary School
Elementary · 2.6 mi away
Samoset Middle School
Secondary · 2.9 mi away
St Bernard's Elementary School
Elementary · 3.0 mi away
Maverick Street School
School · 3.2 mi away
South Street Elementary School
Elementary · 3.3 mi away
Fitchburg Public Schools
School · 3.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 105 Spruce Street, Leominster, MA | $799,995 | 11 | 3 | 3,556 |
| 345 West St, Leominster, MA | $995,000 | 8 | 4 | 4,214 |
| 26 Orchard St, Leominster, MA | $999,000 | 9 | 5 | 4,310 |
| 45 Laurel St, Leominster, MA | $999,900 | 9 | 6 | 5,166 |
| 40-46 Cottage St, Leominster, MA | $1,050,000 | 9 | 5 | 6,500 |
| 86-88 Cottage St, Leominster, MA | $1,200,000 | 14 | 4 | 6,171 |
Moving Cost Estimate
EXIT Agents in Leominster
Listing Courtesy: Lillian Montalto Signature Properties - 9784751400
Presented by: Team Lillian Montalto