$753,500
$800,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
223 Mechanic St Leominster, MA 01453
7 Beds
5 Baths
4,278 SqFt
Key Details
Sold Price $753,500
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 4,278 sqft
Price per Sqft $176
MLS Listing ID 73563586
Sold Date 11/02/26
Bedrooms 7
Full Baths 5
Year Built 1900
Annual Tax Amount $8,154
Tax Year 2026
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type 5+ Family - 5+ Units Up/Down
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.
Location
State MA
County Worcester
Zoning RC
Direction Corner of Mechanic & Fifth St,
Rooms
Basement Full, Dirt Floor
Interior
Interior Features Ceiling Fan(s), Living Room, Kitchen, Office/Den, Dining Room, Laundry Room
Heating Natural Gas, Individual, Unit Control, Wall Unit
Cooling None
Flooring Varies, Hardwood
Appliance Range, Refrigerator, Washer, Dryer
Exterior
Exterior Feature Balcony/Deck
Garage Spaces 1.0
Community Features Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Public School, Sidewalks
Utilities Available for Gas Range, Varies per Unit
Roof Type Tar/Gravel
Total Parking Spaces 7
Garage Yes
Building
Lot Description Corner Lot, Cleared
Story 5
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Acceptable Financing Lender Approval Required
Listing Terms Lender Approval Required
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Bought with Steve Bui • eXp Realty LLC
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