54-56 North Main St Leominster — Photo 1 of 38
Recent Drop: $265,500
$999,500
Investment Analysis — 54-56 North Main St
Leominster, MA 01453
Based on rent reported on the MLS listing, a 5-unit multi-family in 01453 carries $9,232/mo in gross rent — about a 7.46% cap rate and $74,584/yr in estimated NOI at the $999,500 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
5
SqFt
4,165
Style
5+ Family - 5+ Units Up/Down
Built
1920
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.
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 MLS and other third-party data may be inaccurate or out of date.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 • Microwave • Refrigerator • Dishwasher
Neighborhood
Public Transportation • Park • Highway Access • Public School
Geography
Property History
$999,500
Was $1,100,000
Jun 5, 2026
MLS® 73478773
$1,100,000
Was $1,265,000
Apr 7, 2026
MLS® 73478773
$1,265,000
Feb 19, 2026
MLS® 73478773
Listing Agent: Team Lillian Montalto
Listing Office: Lillian Montalto Signature Properties
MLS® Number: 73478773