Kanghee Lee
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5-9 Family at 54-56 Mechanic St, Leominster MA 01453, Leominster
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37 photos

$850,000

54-56 Mechanic St, Leominster MA 01453
Leominster, MA 01453
Listed by Olivia Grabka
Bedrooms
5
Bathrooms
5.5
Living area
3,427 sqft
Year built
1870

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 details

MLS #
73570474
Property type
5-9 Family
Subdivision
N/A
Status
Active
Days on market
30
On market date
September 1, 2026
Stories
5
Total bathrooms
5.5
Garage spaces
2
Parking spaces
2
Lot size
0.08 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Northwest
0.81 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
676
Student:teacher ratio
14.4:1
District
Leominster
Middle
Sky View Middle School
2.33 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
874
Student:teacher ratio
15.3:1
District
Leominster
High
Leominster Center for Excellence
1.09 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
47
Student:teacher ratio
9.4:1
District
Leominster

Walkability

Blended score for Leominster's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

78
Walkable
out of 100
EPA National Walkability Index
12.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores11
Parks7
Schools17
Transit stops12
Pharmacies6

Mortgage calculator

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% / yr
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Est. monthly payment
$5,269/mo
$170,000 down
$680,000 loan
Principal & interest$4,410
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 23 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.