54-56 Mechanic St Leominster — Photo 1 of 37
$850,000
Investment Analysis — 54-56 Mechanic St
Leominster, MA 01453
Based on rent reported on the MLS listing, a 6-unit multi-family in 01453 carries $8,375/mo in gross rent — about a 8.27% cap rate and $70,329/yr in estimated NOI at the $850,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
5.5
SqFt
3,427
Style
5-9 Family
Built
1870
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!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Highway Access • Public School
Geography
Listing Agent: Olivia Grabka
Listing Office: Realty Negotiations, LLC
MLS® Number: 73570474