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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.

More Info

Basic Information

  • Gross Income $110,784
  • Mls StatusExtended
  • Parcel Number M:0070 B:0007 L:0000

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms9
  • Full Bath5

Building

  • BasementFull, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 6
  • Rooms21
  • Stories6
  • Units5
  • Year Built1920
  • Year Built Details Actual
  • Year Built Source Public Records

Other

  • Date Listed02/19/2026
  • Farm Land Area Units Square Feet
  • View Count4

Tax Information

  • Tax Assessed Value $685,100
  • Tax Year 2025
  • Taxes$9,612

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces11

Location

  • Address54-56 North Main Street
  • Building Number54-56
  • CountyWorcester
  • StateMA
  • StreetNorth Main Street
  • TownLeominster
  • Zip01453

Utilities

  • Heat SystemYes
  • Heating Oil, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • AmenitiesPublic Transportation, Park, Highway Access, Public School
  • Appliances IncludedRange, Microwave, Refrigerator, Dishwasher
  • Other AmenitiesBasement

School Information

  • Elementary SchoolNorthwest Elementary School
  • High School Leominster Senior High School
  • Junior HighSky View Middle School

Basic Information

  • List Price$999,500
  • MLS Number73478773
  • Modification Date06/26/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.53

Interior

  • Interior Features Ceiling Fan(s), Bathroom With Tub & Shower, Bathroom with Shower Stall, Living Room, Kitchen

Exterior

  • RoofShingle

Property Information

  • Building Area Source Measured
  • Living Area 4,165
  • Lot Size Square Feet 22,986
  • Lot Size Units Acres
  • Square Feet4,165

Map Location

Listed by Team Lillian Montalto of Lillian Montalto Signature Properties

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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