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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| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/05/2026 | ↓ Price Reduced | $999,500 | $100,500 | - | From $1,100,000 to $999,500 (-9.1%) |
| 04/07/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 04/07/2026 | ↓ Price Reduced | $1,100,000 | $165,000 | - | From $1,265,000 to $1,100,000 (-13.0%) |
| 02/26/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 02/24/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 02/19/2026 | 🏠 Listed for Sale | $1,265,000 | - | - | Original listing |
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,612 | $685,100 |
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54-56 North Main St, Leominster MA 01453
Leominster, MA 01453
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