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223 Mechanic St

Leominster, MA 01453
$753,500
7 Beds
5 Baths
4,278 Living Area
  • Property Description
    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.
  • Highlights
    • Heating: Natural Gas, Individual, Unit Control, Wall Unit
    • Parking Spots: 6
    • Property Type: 5+ Family - 5+ Units Up/Down
    • Total Rooms: 19
    • Status: Closed
    • Levels: 5
    • Property Class: Residential Income
    • Stories: 5
    • Year Built: 1900
  • Additional Details
    • Appliances: Range, Refrigerator, Washer, Dryer
    • Construction: Frame
    • Flooring: Varies, Hardwood
    • Interior Features: Ceiling Fan(s), Living Room, Kitchen, Office/Den, Dining Room, Laundry Room
    • Road Frontage Type: Public
    • SqFt Source: Public Record
    • Year Built Details: Approximate
    • Zoning: Rc
    • Basement: Full, Dirt Floor
    • Exterior Features: Balcony/Deck
    • Foundation: Stone
    • Lot Features: Corner Lot, Cleared
    • Roof: Tar/Gravel
    • Total Number of Units: 5
    • Year Built Source: Public Records
  • Amenities
    • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Public School, Sidewalks
    • Parking Features: Paved Drive, Off Street
    • Covered Parking Spaces: 1
  • Utilities
    • Electric: Varies per Unit
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $596,900
    • Tax Year: 2026
    • Total Rent: $7,656
    • Rental Fee Includes: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
    • Taxes: $8,154

Location

223 Mechanic St, Leominster, MA 01453

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of eXp Realty LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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