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54-56 North Main St, Leominster MA 01453

Active

54-56 North Main St, Leominster MA 01453

$999,500

Estimated $2,422/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $199,900

Total Rent: 81984/year

Estimated CAP Rate:

9 Bedrooms

Baths

4165

Total Parking: 11

22,986 (0.53)

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.

This home has been viewed 34 times

Last Checked: July 1st, 2026 at 5:18am (Source: MLS PIN #73478773)

Gross Income: $81,984

Gross Expenses: $9,612

Net Income Calc: $72,372

Water Views

Annual Expenses for 54-56 North Main St, Leominster MA 01453

Total Gross Expenses (Calculated)$9,612/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9612

Annual Income & Unit Breakdown for 54-56 North Main St, Leominster MA 01453

Total Gross Income (Calculated)$81,984

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 54-56 North Main St, Leominster MA 01453

Listing ID73478773

Property TypeMulti Family

Price999500 ($239.98/SqFt)

Style5+ Family - 5+ Units Up/down

CityLeominster

CountyWorcester

Neighborhood(s)

Approximate Living Area Total4165

Approximate Lot Size (Acres)0.53

Total Parking11

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 54-56 North Main St, Leominster MA 01453

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsAll Appliances To Remain.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 54-56 North Main St, Leominster MA 01453

Real Estate Taxes9612

Tax Year2025

Assessed Value$685,100

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 54-56 North Main St, Leominster MA 01453

Elementary SchoolNorthwest Elementary School

Middle SchoolSky View Middle School

High SchoolLeominster Senior High School

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 54-56 North Main St, Leominster MA 01453

Agent

Name: Team Lillian Montalto

Office

Name: Lillian Montalto Signature Properties

Phone: 978-475-1400

Team Members

Payment Calculator

, Interest

Property Taxes 801

Principal & Interest 6158.6

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lillian Montalto Signature Properties

Team Lillian Montalto

Agent Phone

Office Phone

(978) 475-1400

Text Agent Call Agent Call Office

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    [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.
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    [unparsed] => 54-56 North Main St, Leominster MA 01453
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EXIT

35 More Photos

Active

54-56 North Main St, Leominster MA 01453

$999,500

Annual Expenses for 54-56 North Main St, Leominster MA 01453

Annual Income & Unit Breakdown for 54-56 North Main St, Leominster MA 01453

General Information for 54-56 North Main St, Leominster MA 01453

Disclosures for 54-56 North Main St, Leominster MA 01453

Financial Information for 54-56 North Main St, Leominster MA 01453

Location Information for 54-56 North Main St, Leominster MA 01453

Contact Information for 54-56 North Main St, Leominster MA 01453

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Lillian Montalto Signature Properties

Team Lillian Montalto