Active
8 Days on market
54-56 Mechanic St Leominster — Photo 1 of 37

54-56 Mechanic St Leominster — Photo 1 of 37

$850,000

54-56 Mechanic St, Leominster, MA 01453

Leominster, MA 01453

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!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$248/sqft
Local Avg (Leominster)$240/sqft
3% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Leominster, MA.

Property Details

Financials

Original Price$850,000
Annual Taxes$6,051

Parking

Garage2
Off-Street2

Interior Specifications

Total Rooms19
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionStone
RoofShingle
FoundationStone
ZoningI

Property & Lot

Acres0.08
SqFt Lot3,529
Lot Features--

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Highway Access • Public School

Geography

Population

43,851

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

37.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Olivia Grabka

Listing Office: Realty Negotiations, LLC

MLS® Number: 73570474

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