
223 Mechanic St Leominster — Photo 1 of 39
$800,000
Leominster, MA 01453
Beds
7
Baths
5
SqFt
4,278
Style
5+ Family - 5+ Units Up/Down
Built
1900
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.
* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Leominster, MA.
Range • Refrigerator • Washer • Dryer
Public Transportation • Shopping • Medical Facility • Highway Access • House of Worship • Public School
43,851
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$84K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
37.8%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Paula Valente
Listing Office: Real Estate Exchange
MLS® Number: 73563586
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