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54-56 Mechanic St, Leominster MA 01453

$850,000

Estimated $1,883/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $141,666.67

Total Rent: 64500/year

Estimated CAP Rate:

5 Bedrooms

Baths

3427

Total Parking: 4 (2 Garage)

3,529 (0.08)

Outstanding investment opportunity — a six-unit mixed-use building in the heart of Leominster! Five residential units are fully occupied with long-term tenants, plus a commercial space offering flexible income potential. Built in 1870, the property spans 3,290 sq ft across three floors with numerous recent updates. Unbeatable location just steps from Monument Square, minutes to the Mall at Whitney Field, Market Basket, and major highways, with easy access to the MBTA Commuter Rail into Boston. A strong cash-flowing asset with real upside — don't miss this one!

This home has been viewed 5 times

Last Checked: September 15th, 2026 at 3:38pm (Source: MLS PIN #73570474)

Gross Income: $64,500

Gross Expenses: $6,051

Net Income Calc: $58,449

Annual Expenses for 54-56 Mechanic St, Leominster MA 01453

Total Gross Expenses (Calculated)$6,051/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6051

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

Total Gross Income (Calculated)$64,500

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor4

Levels in Unit1

Rent IncludesHeat

General Information for 54-56 Mechanic St, Leominster MA 01453

Listing ID73570474

Property TypeMulti Family / 5+ Family

Price850000 ($248.03/SqFt)

Style5-9 Family

CityLeominster

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3427

Approximate Lot Size (Acres)0.08

Total Parking4 (2 Garage)

Garage Parking2

Year Built1870

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

ZoningI

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 54-56 Mechanic St, Leominster MA 01453

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings.

Financial Data Source

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 Mechanic St, Leominster MA 01453

Real Estate Taxes6051

Tax Year2026

Assessed Value$442,960

Financial Data Source

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 Mechanic St, Leominster MA 01453

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 54-56 Mechanic St, Leominster MA 01453

Agent

Name: Olivia Grabka

Office

Name: Realty Negotiations, LLC

Phone: 978-406-5134

Team Members

Payment Calculator

, Interest

Property Taxes 504.25

Principal & Interest 5237.43

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Realty Negotiations, LLC

Olivia Grabka

Agent Phone

Office Phone

(978) 406-5134

Text Agent Call Agent Call Office

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    [unparsed] => 54-56 Mechanic St, Leominster MA 01453
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EXIT

34 More Photos

Active

54-56 Mechanic St, Leominster MA 01453

$850,000

Annual Expenses for 54-56 Mechanic St, Leominster MA 01453

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

General Information for 54-56 Mechanic St, Leominster MA 01453

Disclosures for 54-56 Mechanic St, Leominster MA 01453

Financial Information for 54-56 Mechanic St, Leominster MA 01453

Location Information for 54-56 Mechanic St, Leominster MA 01453

Contact Information for 54-56 Mechanic St, Leominster MA 01453

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Realty Negotiations, LLC

Olivia Grabka