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.
- Heating System:
- Oil, Natural Gas
- Cooling System:
- No
- Basement:
- Full, Unfinished
- Parking:
- Off Street, Paved Drive
- Appliances:
- Range, Dishwasher, Microwave, Refrigerator
- Construction:
- Frame
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking
- Interior Features:
- Kitchen, Bathroom With Tub & Shower, Ceiling Fan(s), Bathroom With Shower Stall, Living Room
- Lead Paint:
- Unknown
- Grade School:
- Northwest Elementary School
- High School:
- Leominster Senior High School
- Middle School:
- Sky View Middle School
- Market Time:
- 13
- Parking Spaces:
- 11
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $304
- Zoning:
- RB
- No Units:
- 5
- Orig Price:
- $1,265,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Leominster
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01453
- Longitude:
- W72° 14' 35.6''
- Latitude:
- N42° 32' 1.6''
Residential Income
54-56 North Main St, Leominster, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,265,000
- Bedrooms :
- 9
- Rooms :
- 21
- Total Bathrooms :
- 5
- Full Bathrooms :
- 5
- Square Footage :
- 4,165 Sqft
- Year Built :
- 1920
- Lot Area :
- 0.53 Acre
- Listing ID :
- 73478773
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com