54-56 North Main St
$999,500
9
Beds
5
Baths
4,165
Sqft
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$999,500
9
Beds
5
Baths
4,165
Living Area
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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.
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Highlights
- Heating: Oil, Natural Gas
- Parking Spots: 11
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 21
- Status: Active
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1920
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Additional Details
- Appliances: Range, Microwave, Refrigerator, Dishwasher
- Construction: Frame
- Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Bathroom with Shower Stall, Living Room, Kitchen
- SqFt Source: Measured
- Year Built Details: Actual
- Zoning: Rb
- Basement: Full, Unfinished
- Foundation: Stone
- Roof: Shingle
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Park, Highway Access, Public School
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $685,100
- Taxes: $9,612
- Tax Year: 2025
- Total Rent: $9,232
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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 Lillian Montalto Signature Properties.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.