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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!

More Info

Basic Information

  • Gross Income $100,500
  • Mls StatusNew
  • Parcel Number M:0020 B:006A L:0000,1577332
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Tax Information

  • Tax Assessed Value $442,960
  • Tax Year 2026
  • Taxes$6,051

Parking

  • Covered Spaces 2
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Shared Driveway
  • Parking Spaces2

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 5.5
  • Bedrooms5
  • Full Bath5
  • Half Baths1

Basic Information

  • List Price$850,000
  • MLS Number73570474
  • Modification Date09/01/2026
  • Property SubType5-9 Family

Location

  • Address54-56 Mechanic Street
  • Building Number54-56
  • CountyWorcester
  • StateMA
  • StreetMechanic Street
  • TownLeominster
  • Zip01453

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Stone
  • FoundationStone
  • Garage Spaces2
  • Levels 5
  • Rooms19
  • Stories5
  • Units6
  • Year Built1870
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.08

Interior

  • Interior Features Living Room, Kitchen

Exterior

  • RoofShingle

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,427
  • Lot Size Square Feet 3,529
  • Lot Size Units Acres
  • Square Feet3,427

Amenities

  • AmenitiesPublic Transportation, Shopping, Walk/Jog Trails, Highway Access, Public School
  • Appliances IncludedRange, Refrigerator
  • Other AmenitiesBasement

Legal

  • ZoningI

Other

  • Date Listed09/01/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Olivia Grabka of Realty Negotiations,LLC

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