Property Details
Basic Information
- Property SubType: 5+ Family - 5+ Units Up/Down
- MLS Number: 73478773
- Mls Status: Active
- List Price: $1,100,000
- Date Listed: 02/19/2026
- Units: 5
- 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.
Building
- Acreage: 0.53
- Square Feet: 4,165
- Year Built: 1920
- Zoning: RB
- Stories: 6
- Rooms: 21
- Roof: Shingle
- Foundation: Stone
Location
- County: Worcester
- Town: Leominster
Finance
- Taxes: $9,612
Interior Features
Bedrooms
- Bedrooms: 9
Bathrooms
- Bathrooms: 5
- Full Baths: 5
Basement
- Basement: Full, Unfinished
Utilities and Appliances
Utilities and Appliances
- Appliances Included: Range, Microwave, Refrigerator, Dishwasher
Community
Schools
- Elementary School: Northwest Elementary School
Amenities
- Amenities: Public Transportation, Park, Highway Access, Public School
- Other Amenities: Basement