54-56 North Main St, Leominster, MA 01453
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54-56 North Main St, Leominster, MA 01453
54-56 North Main St, Leominster, MA 01453
54-56 North Main St, Leominster, MA 01453
54-56 North Main St, Leominster, MA 01453
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Corey Turer

Corey Turer

+1(413) 519-8811
$ 1,100,000
Est. payment /mo
Save
Price Dropped by $165K

54-56 North Main St Leominster, MA 01453

9 Beds

5 Baths

4,165 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 4,165 sqft

Price per Sqft $264

MLS Listing ID 73478773

Bedrooms 9

Full Baths 5

Year Built 1920

Annual Tax Amount $9,612

Tax Year 2025

Lot Size 0.530 Acres

Acres 0.53

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property 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.

Location

State MA

County Worcester

Zoning RB

Direction Main St to North Main St

Rooms

Basement Full, Unfinished

Interior

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

Heating Oil, Natural Gas

Cooling None

Appliance Range, Microwave, Refrigerator, Dishwasher

Exterior

Community Features Public Transportation, Park, Highway Access, Public School

Roof Type Shingle

Total Parking Spaces 11

Garage No

Building

Story 6

Foundation Stone

Sewer Public Sewer

Water Public

Schools

Elementary Schools Northwest Elementary School

Middle Schools Sky View Middle School

High Schools Leominster Senior High School

Others

Senior Community false

Listed by Lillian Montalto Signature Properties

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Corey Turer

+1(413) 519-8811

corey.turer@gmail.com

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54-56 North Main St