223 Mechanic St, Leominster, MA, 01453
Photo 2

$800,000

Active

223 Mechanic St

Leominster, MA 01453

7Beds
5Baths
4,278Sq Ft
Built 19005+ Family - 5+ Units Up/Down0.11 Acres6 Parking5 Stories18 Days on Market

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.

223 Mechanic St, Leominster, MA, 01453Open in Maps →
Property Type5+ Family - 5+ Units Up/Down
Year Built1900
MLS #73563586
StatusActive
Total Rooms19
Stories5
Living Area4,278 sqft
Lot Size0.11 acres
Annual Tax$8,154
Days on Market18
Parking Spaces6

Interested in this home?

By submitting, you agree to our terms. We'll connect you with the listing agent.

Mortgage Calculator

$4,995/mo

Principal & Interest$4,045
Property Tax$800
Insurance$150
Home Price$800,000
Down Payment20% ($160,000)

Listing Information

MLS #: 73563586
Source: MLS PIN

Est. Monthly Payment

$5,144/mo

Based on 20% down, 30yr fixed at 6.5%

Principal & Interest$4,051
Property Tax$680