54-56 Mechanic St, Leominster MA 01453

Leominster, MA 01453
$850,000
Est. $5,002/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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5
Beds
5.5
Baths
3,427
Sq Ft
$248
Price/Sq Ft
0.08
Acres
1870
Year Built
2
Garage Spaces
37
Days on Market
For Sale Listed Sep 1, 2026 • MLS# 73570474 Copied! • Updated Sep 8, 2026

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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!

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

👁️
Showing Instructions Updated
Sep 8, 2026
New showing requirements
🏠
Listed for Sale
Sep 1, 2026
$850,000
Original listing
Agent: Olivia Grabka Office: Realty Negotiations, LLC

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%
Heating None
Cooling None
Flooring None
Appliances Range, Refrigerator
Fireplace None
Basement Full
Laundry None
Features Living Room, Kitchen
Construction Stone
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Garage Spaces 2
Has Garage Yes
Features Shared Driveway
Total Spaces 2
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,051
Assessed Value $442,960
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Worcester
Total market time (incl. prior listings) 8 days

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

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 information not available for this location.

Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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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

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Save $0/mo
Current Rate
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Payment Over Time

Interest
Principal
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

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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 8, 2026 3:58 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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