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54-56 North Main StLeominster, MA 01453

For Sale

$1,100,000

Smart Buyer Rebate $5,500

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.

Listed by Lillian Montalto

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Lillian Montalto Signature Properties

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978-815-6300

Listed by Team Lillian Montalto

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Lillian Montalto Signature Properties

Last updated April 28, 2026

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Source: MLSPin #73478773

Listing Facts

  • TypeMulti-family
  • NeighborhoodLeominster
  • Bedrooms9
  • Bathrooms5
  • Days on Prevu70
  • Taxes$9,612/year
  • Size4,165 sqft
  • Price per sqft$264

Amenities

  • Dishwasher
  • Parking

Location

Mortgage Calculator

Listing History

04/07/2026
Price Decreased
$1,100,000
02/19/2026
Listed by Lillian Montalto Signature Properties
$1,265,000

Property Details for 54-56 North Main St

Association

Amenities

  • Community Features: Public Transportation, Park, Highway Access, Public School

Exterior

Construction

  • Number Of Units Total: 5
  • Roof: Shingle
  • Stories: 6
  • Stories Total: 6
  • Year Built: 1920
  • Year Built Details: Actual
  • Construction Materials: Frame

Measurements

  • Building Area Total: 4,165
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.53
  • Lot Size Area: 0
  • Lot Size Square Feet: 22,986
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $110,784.00
  • Operating Expense: $16,717.00

Taxes

  • Parcel Number: M:0070 B:0007 L:0000
  • Tax Annual Amount: $9,612.00
  • Tax Assessed Value: $685,100.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Range, Microwave, Refrigerator, Dishwasher
  • Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Bathroom With Shower Stall, Living Room, Kitchen

Measurements

  • Living Area: 4,165
  • Living Area Source: Measured

Rooms

  • Basement: Full, Unfinished
  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 9
  • Rooms Total: 21

Parking

Parking

  • Open Parking Spaces: 11
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off Street
  • Parking Total: 11

Schools

Elementary School

  • Elementary School: Northwest Elementary School

High School

  • High School: Leominster Senior High School

Middle or Junior School

  • Middle Or Junior School: Sky View Middle School

Utilities

Equipment

  • Heating: Oil, Natural Gas
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 9 bedrooms and 5 bathrooms in this multi-family home at 54-56 North Main St.

What schools are nearby to 54-56 North Main St?

Nearby schools include the Northwest Elementary School, Sky View Middle School, and Leominster Senior High School.

Does this multi-family home have parking?

Yes, there are 11 parking spaces available for 54-56 North Main St.

What are the annual taxes for 54-56 North Main St?

Annual taxes for this multi-family home are estimated at $9,612.

How does 54-56 North Main St compare to other multi-family homes in Leominster?

This multi-family home is listed 80% above the average price for multi-family homes in Leominster and has been on the market for 52 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,165 sqft.

54-56 North Main St is a 9-bedroom, 5-bath multi-family home for sale in Leominster MA 01453. Listed on Prevu for 70 days at $1,100,000. This includes a recent price decrease of $165,000. This home features 4,165 square feet of living space, located in Leominster. The median listing price for multi-family homes in this area is $442,450. Nearby schools include Northwest Elementary School, Sky View Middle School, and Leominster Senior High School. Property amenities include dishwasher and parking. View other multi-family home listings in Massachusetts.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.