54-56 North Main St Leominster MA 01453 MLS #73478773

54-56 North Main St
Leominster, MA, 01453
$1,265,000
9 Beds
5 Baths
4,165 SqFt
0.53 Acres
$1,265,000
54-56 North Main St
Leominster, MA, 01453
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 Details

Price:
$1,265,000
MLS #:
73478773
Status:
Active
Beds:
9
Baths:
5
Address:
54-56 North Main St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Leominster
Listed Date:
Feb 19, 2026
State:
MA
Finished Sq Ft:
4,165
Total Sq Ft:
4,165
ZIP:
01453
Lot Size:
22,986 sqft / 0.53 acres (approx)
Year Built:
1920
Units:
5

Schools

Elementary School:
Northwest Elementary School
Middle School:
Sky View Middle School
High School:
Leominster Senior High School

Interior

Appliances
Range, Microwave, Refrigerator, Dishwasher
Bathrooms
5 Full Bathrooms
Cooling
None
Heating
Oil, Natural Gas

Exterior

Community Features
Public Transportation, Park, Highway Access, Public School
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
11
Roof
Shingle

Financial

Net Operating Income
$88,528
Tax Year
2025
Taxes
$9,612
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Lillian Montalto Signature Properties. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
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54-56 North Main St
Leominster, MA