54-56 Mechanic St
Leominster, MA 01453
$850,000
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!
| Listing ID: | 73570474 |
|---|---|
| List Price: | $850,000 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Status: | Active |
| Bank Owned: | No |
| Bedrooms Total: | 5 |
| Bathrooms Full: | 5 |
| Bathrooms Half: | 1 |
| Living Area: | 3,427 |
| Tax Annual Amount: | $6,051 |
| Lot Size Square Feet: | 3,529 |
| Lot Size Acres: | 0.08 |
| Waterfront?: | No |
| City: | Leominster |
| County Or Parish: | Worcester |
| Postal Code: | 01453 |
| Year Built: | 1870 |
| Number Of Units Total: | 6 |
| Appliances: | Range, Refrigerator |
| Parking Features: | Shared Driveway |
| Status: | Active |
| State Or Province: | MA |
| Water Source: | Public |
| Roof: | Shingle |
| Foundation Details: | Stone |
| Postal Code Plus4: | 5784 |
| Construction Materials: | Stone |
| Listing Contract Date: | 2026-09-01 |
| Garage?: | Yes |
| Lot Size Area: | 0.08 |
| Rooms Total: | 19 |
| Bathrooms Total Integer: | 6 |
| Basement: | true |
| Basement: | Full |
| Building Area Source: | Public Records |
| Community Features: | Public Transportation, Shopping, Walk/Jog Trails, Highway Access, Public School |
| Interior Features: | Living Room, Kitchen |
| Levels: | 5 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Open Parking?: | Yes |
| Parcel Number: | M:0020 B:006A L:0000, 1577332 |
| Rent Includes: | Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water) |
| Sewer: | Public Sewer |
| Zoning: | I |
| Covered Spaces: | 2 |
| Garage Spaces: | 2 |
| Stories Total: | 5 |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $100,500 |
| Apod Available: | No |
| Certificate Number: | 000000000007573 |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Flrs 4: | 4 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $248.03 |
| Page: | 169 |
| Price Per Sqft: | $248.03 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $100,500 |
| Original List Price: | $850,000 |
| Parking Total: | 2 |
| Tax Assessed Value: | $442,960 |
| Tax Year: | 2026 |
| Total Actual Rent: | $8,375 |
| Year Built Details: | Actual |
| Building Area Total: | 3,427 |
| Bedrms 1: | 1 |
| Bedrms 2: | 1 |
| Bedrms 3: | 1 |
| Bedrms 4: | 1 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| F Bths 4: | 1 |
| Above Grade Finished Area: | 3,427 |
| Open Parking Spaces: | 0 |
| Living Area Source: | Public Record |
| Rent1: | 1,300 |
| Rent2: | 1,400 |
| Rent3: | 1,350 |
| Rent4: | 1,325 |
| Total Flrs: | 15 |
| Total Flrs: | 15 |
| Beachfront Flag: | No |
Listing Courtesy of: Realty Negotiations, LLC
Listing Agent: Olivia Grabka
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MLS Property Information Network, Inc. data last updated on October 08, 2026 04:59 PM - ET
Property Last Updated: October 08, 2026 04:59 PM - ET
