54-56 Mechanic St, Leominster MA 01453
Leominster, MA 01453
$850,000
Est. $5,002/month
Track this home for price, status, and open-house alerts.
About this home
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!
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 1, 2026
$850,000
Original listing
Agent: Olivia Grabka
Office: Realty Negotiations, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/01/2026 | 🏠 Listed for Sale | $850,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $6,051 | $442,960 |
Financial Details
Annual Property Tax
$6,051
Tax Year 2026
Assessed Value
$442,960
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1870
Living Area
3,427 sq ft
Lot Size
0.08 acres
Stories
5
Bedrooms
5
Full Baths
5
Half Baths
1
Total Rooms
19
Investment Metrics
Units
6
Unit 1 Rent
$1,300/mo · N
Unit 2 Rent
$1,400/mo · N
Unit 3 Rent
$1,350/mo
Unit 4 Rent
$1,325/mo
Total Monthly Rent
$5,375/mo
Gross Income
$100,500
Net Operating Income
$100,500
Cap Rate
11.82%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full
Laundry
None
Features
Living Room, Kitchen
Exterior
Construction
Stone
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
2
Has Garage
Yes
Features
Shared Driveway
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,051
Assessed Value
$442,960
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1870
Bedrooms
5
Full Bathrooms
5
Half Bathrooms
1
Living Area
3,427 sq ft
Total Rooms
19
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,427 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Kitchen
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1870
Structure Type:
Exterior Materials:
Stone
Roof:
Shingle
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
2
Parking Features:
Shared Driveway
Nearby Schools
School District
Leominster School District local
B-
School Safety
2024-25
2.2%
Average
2.2%
Suspensions
4.1%
In-School
3.3% below state avg
Elementary Schools
3 schools
St. Leo School
0.3 mi
Grades PK-08
Bennett School
0.4 mi
114 students
Diverse
Diverse Student Body
Grades PK
St. Anna School
0.7 mi
Grades PK-12
Middle Schools
3 schools
C+
Samoset School
2.2 mi
|
#215 of 352
|
Score: 39.4
Improved 5 spots from last year
-18.8 below state avg
536 students
Diverse
Diverse Student Body
Grades 06-08
B-
Sky View Middle School
2.3 mi
|
#192 of 352
|
Score: 41.0
Improved 32 spots from last year
-17.2 below state avg
880 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C
Memorial Middle School
4.1 mi
|
#280 of 352
|
Score: 33.8
Dropped 10 spots from last year
-24.4 below state avg
620 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
3 schools
C-
Leominster Center for Excellence
0.7 mi
|
#312 of 346
|
Score: 36.0
Dropped 25 spots from last year
-22.2 below state avg
77 students
Diverse
Early College Program
College Ready Curriculum
Grades 09-12
Leominster Academy
0.7 mi
35 students
Diverse
College Ready Curriculum
Grades 09-12
C+
Center For Technical Education Innovation
1.1 mi
|
#222 of 346
|
Score: 50.2
Dropped 30 spots from last year
-8 below state avg
881 students
Diverse
Strong AP Program
Early College Program
High Graduation Rate
Career Tech Programs
Grades 09-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$504
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
Loading map...
Neighborhood
54-56 Mechanic St, Leominster MA 01453
Leominster, MA 01453
Listing Information
Listing Agent
Olivia Grabka
Listing Office
Realty Negotiations, LLC
Office Phone
978-406-5134
Agent MLS ID
CN240157
Office MLS ID
AN5614
Listing Data Updated
Sep 1, 2026 10:42 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Leominster.