aisellshomes.space

$800,000

Active

223 Mechanic St

Leominster, MA, 01453

Multi-Family · MLS #73563586

Price/sqft

$187

Days on market

8 days

Year built

1900

Lot size

0.11 ac

4,278 sq ft

Sq Ft

0.11 acres

Lot

1900

Year Built

1 car

Garage

Taxes: $8,154 (2026)

About this home

Exceptional Investment Opportunity! Well-maintained 5-unit income-producing property generating $7,656 per month in rental income. This attractive building is in great condition and offers investors immediate cash flow with strong rental potential. Situated on a corner lot in a convenient location just minutes from downtown, the property provides easy access to major highways and is located on a bus route. Tenants will appreciate the proximity to shopping, restaurants, churches, and the Mall at Whitney Field, making this a highly desirable rental location. Whether you're adding to an existing portfolio or purchasing your first multi-family investment, this property offers the combination of location, condition, and steady income that investors are looking for. Group showings Monday 8/17 from 11:15 to 12:15. Buyer agent must accompany buyer.

Location

223 Mechanic St, Leominster, MA, 01453

Property details

Road type
Public, Paved, Publicly Maint., Sidewalk
Basement
Full, Dirt Floor
Electric
Varies per Unit

Listed by Paula Valente · Real Estate Exchange

Schedule a showing

223 Mechanic St

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$5,126 / month

Down payment20% · $160,000
Interest rate6.66%

Loan term

Principal & interest
$4,113
Property tax
$680
Home insurance
$333

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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