54-56 North Main St, Leominster, MA, 01453
21 rooms
9 beds
5 Full baths
1920
4,165 sqft
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.
Status:
Active
Type:
Multi-family
Units:
5
Zoning:
RB
Heating:
Oil, Natural Gas
Cooling:
None
Basement:
Full, Unfinished
Levels:
6
Parking:
11-car, Paved Drive, Off Street
Acreage:
0.53
Est. Taxes:
$9,612
Assessment
$685,100
Construction
Frame
Amenities:
Public Transportation, Park, Highway Access, Public School
Elementary School:
Northwest Elementary School
Middle School:
Sky View Middle School
High School:
Leominster Senior High School
Appliances:
Range, Microwave, Refrigerator, Dishwasher
MLS #:
73478773
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Team Lillian Montalto, Lillian Montalto Signature Properties