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$800,000

  • For Sale
  • Active
  • Multi-Family
  • 5 Units
  • 7 Total Beds
  • 0.11 Acres
  • 1 Car Garage
  • Updated 5 days ago
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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.

Full Property Details for 223 Mechanic St

General

  • Price: $800,000
  • Taxes: $8,154 (2026)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73563586
  • Updated: 8/17/2026
  • Added to Site: 23 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 7

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Paved Drive, Off Street

Location

  • County: Worcester

Structural Information

  • Basement: Yes
  • Stories/Levels: 5
  • Square Feet: 4,278
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.11

Financial Considerations

  • Tax Amount: $8,154
  • Tax Year: 2026

Disclosures and Reports

  • Property ID: 1577911

Listed by Real Estate Exchange, Paula Valente

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Listing agent

— 223 Mechanic St —

  • Paula Valente

    Real Estate Exchange

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 223 Mechanic St

School District:Leominster School District
NameGradesDistance
Frances Drake School
95 Viscoloid Avenue, Leominster, MA 01453
K-50.4 mi
Sky View Middle School
500 Kennedy Way, Leominster, MA 01453
6-82.1 mi
Leominster Senior High School
122 Granite Street, Leominster, MA 01453
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 223 Mechanic St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/30/2026
Listed
$800,000
6.67%
MLS
8/20/2025
Sold
$750,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 223 Mechanic St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,896
14%
$562,800
18%
2024
$6,920
—
$476,900
7%
2023
$6,922
6%
$445,400
13%
2022
$6,540
33%
$394,900
46%
2021
$4,906
1%
$270,600
—
2020
$4,865
13%
$270,600
17%
2019
$4,301
3%
$232,000
8%
2018
$4,166
9%
$215,500
11%
2017
$3,830
6%
$194,100
5%
2016
$3,616
1%
$184,700
—
2015
$3,591
-13%
$184,700
-15%
2014
$4,105
—
$217,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Real Estate Exchange, Paula Valente

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223 Mechanic St, Leominster, MA 01453 (MLS# 73563586) is a Multi-Family property with 5 units containing 7 bedrooms and 5 full bathrooms. 223 Mechanic St is currently listed for $800,000 and was received on July 30, 2026. Want to learn more about 223 Mechanic St? Do you have questions about finding other Multi-Family real estate for sale in Leominster? You can browse all Leominster real estate or contact a Coldwell Banker agent to request more information.

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