223 Mechanic St, Leominster, MA 01453
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$800,000
5 Unit
7 Beds
5 Baths
4278 SQFT
0.11 Acre

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.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 5
  • Total Bedrooms: 7
  • Total Full Baths: 5
  • Amenities: Highway Access, House of Worship, Medical Facility, Public School, Public Transportation, Shopping
  • Basement Features: Dirt Floor, Full
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Ceiling Fans
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Electric, Extra Flue, Gas, Geothermal Heat Source, Heat Pump, Hot Water Baseboard, Individual, Oil, Wall Unit
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 91872
  • Net Operating Income: 91872

Utilities

  • Electric Info: Varies per Unit
  • Utility Connections: Varies per Unit, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: None
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: None
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: None
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: None
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Tar & Gravel
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73563586
  • Last Updated: 08/17/26
  • Terms: Lender Approval Required

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/17/2026Active$800,000$187MLSPIN
08/13/2026New$800,000$187MLSPIN

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Seller's Representative: Paula Valente, Real Estate Exchange
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-08-17 03:05:00

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