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54 North Main Street

Leominster MA 01453

9
5
11
4165 sq. ft.
22986 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

9 bedrooms
5 bathrooms
11 carspaces
11 open car spaces
4165 sq. ft. floor area
22986 sq. ft. lot size
Other

Property history for 54 North Main Street

2024
Rented
Undisclosed
29 Feb 2024 by Coldwell Banker Residential Brokerage - Leominster
2000
Sold
$153,000
05 May 2000 by Carol Robichaud, of Century 21 Realty Team

Happy sellers in Leominster

92%
92% of sellers in Leominster reported that their sale price either exceeded or met their price expectations.

Leominster stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Leominster over the last 12 months.

Local market activity for 9 bedroom other properties in Leominster

In the last 12 months, 1 nine-bedroom other similar to 54 North Main Street, have been sold.

This represents a 75% increase in nine-bedroom other properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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