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54-56 Mechanic St

Leominster, MA 01453

Offered at$850,000

Residential Income · Active · MLS #73570474
Listing Courtesy of Realty Negotiations, LLC | Olivia Grabka

5Bedrooms
6Bathrooms
3,427Square feet
1870Year built

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MLS PIN data

About this home

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!

Property information

Details at a glance

Interior

Rooms
19

Building

Style
5-9 Family
Year built
1870
Garage
2
Parking
2
Foundation
Stone
Roof
Shingle

Land & utilities

Lot size
0.08 acres
Water
Public
Sewer
Public Sewer
Zoning
I

Financial

Annual taxes
$6,051
Assessment year
2026

Listing history

Price and status timeline

No additional public listing history was supplied for this property.

Property value estimate

An informed starting point

Estimated value$859,766

Estimated range $825,013$894,519

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Automated estimates are not appraisals or guarantees of market value.

Comparable sales

Recent properties for context

Recent comparable sales are not available for this property.

Photo insights

Condition signals

Overall presentationbelow average

Generated from listing photography; not a substitute for an inspection.

Local market context

How this home compares in Leominster

MetricThis propertyLeominster
List price$850,000$739,00015% above local
Price / sq ft$248$22112% above local
Days on market44090% below local
Explore homes in Leominster

Active city listing statistics from MLS PIN as of September 5, 2026. Asking prices are not completed-sale values.

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Common questions

About 54-56 Mechanic St

Can I schedule a private showing?

Yes. Request a tour of 54-56 Mechanic St and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.