54-56 Mechanic St
$850,000
5
Beds
5/1
Baths
3,427
Sqft
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$850,000
5
Beds
5/1
Baths
3,427
Living Area
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Property Description
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!
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Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1870
- Parking Spots: 2
- Property Type: 5-9 Family
- Total Rooms: 19
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Stone
- Interior Features: Living Room, Kitchen
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: I
- Basement: Full
- Foundation: Stone
- Roof: Shingle
- Total Number of Units: 6
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Walk/Jog Trails, Highway Access, Public School
- Parking Features: Shared Driveway
- Covered Parking Spaces: 2
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $442,960
- Tax Year: 2026
- Total Rent: $8,375
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $6,051
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Realty Negotiations, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.