Active
206 Days on market
54-56 North Main St Leominster — Photo 1 of 38

54-56 North Main St Leominster — Photo 1 of 38

Recent Drop: $265,500

$1,265,000
$999,500

$999,500

54-56 North Main St, Leominster, MA 01453

Leominster, MA 01453

Beds

9

Baths

5

SqFt

4,165

Style

5+ Family - 5+ Units Up/Down

Built

1920

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$240/sqft
Local Avg (Leominster)$211/sqft
14% AboveMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Leominster, MA.

Property Details

Financials

Original Price$1,265,000
Annual Taxes$9,612

Parking

Garage0
Off-Street11

Interior Specifications

Total Rooms21
FireplacesNone
Flooring--
BasementFull, Unfinished

Climate & Utilities

HeatingOil, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRB

Property & Lot

Acres0.53
SqFt Lot22,986
Lot Features--

Amenities & Appliances

Range • Microwave • Refrigerator • Dishwasher

Neighborhood

Public Transportation • Park • Highway Access • Public School

Geography

Property History

Price Drop
$999,500

Was $1,100,000

Jun 5, 2026

MLS® 73478773

Price Drop
$1,100,000

Was $1,265,000

Apr 7, 2026

MLS® 73478773

Listed
$1,265,000

Feb 19, 2026

MLS® 73478773

Population

43,851

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

37.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Team Lillian Montalto

Listing Office: Lillian Montalto Signature Properties

MLS® Number: 73478773

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