
54-56 North Main St Leominster — Photo 1 of 38
Recent Drop: $265,500
$999,500
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.
* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Leominster, MA.
Range • Microwave • Refrigerator • Dishwasher
Public Transportation • Park • Highway Access • Public School
Was $1,100,000
Jun 5, 2026
MLS® 73478773
Was $1,265,000
Apr 7, 2026
MLS® 73478773
Feb 19, 2026
MLS® 73478773
43,851
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$84K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
37.8%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
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 Agent: Team Lillian Montalto
Listing Office: Lillian Montalto Signature Properties
MLS® Number: 73478773
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