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Maggie Li

I'm Maggie Li, a Newton, MA real estate agent serving first-time buyers, luxury clients and sellers across Greater Boston in English & Mandarin. Let's find your home.

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  • 1229 Centre Street, Newton Centre, MA, USA
  • (774) 222-0952
  • lyx0402@gmail.com

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William Raveis

© 2026 Maggie Li. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 223 Mechanic St, Leominster, MA 01453
Active
21 Days on market
223 Mechanic St Leominster — Photo 1 of 39

223 Mechanic St Leominster — Photo 1 of 39

$800,000

223 Mechanic St, Leominster, MA 01453

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$187/sqft
Local Avg (Leominster)$239/sqft
22% BelowMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Leominster, MA.

Property Details

Financials

Original Price$800,000
Annual Taxes$8,154

Parking

Garage1
Off-Street6

Interior Specifications

Total Rooms19
FireplacesNone
FlooringVaries, Hardwood
BasementFull, Dirt Floor

Climate & Utilities

HeatingNatural Gas, Individual, Unit Control, Wall Unit
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofTar/Gravel
FoundationStone
ZoningRC

Property & Lot

Acres0.11
SqFt Lot4,950
Lot FeaturesCorner Lot, Cleared

Amenities & Appliances

Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Medical Facility • Highway Access • House of Worship • Public School

Geography

Population

43,851

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

37.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

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)

Full Leominster, MA market report ZIP 01453 market data
Listing Provided By

Listing Agent: Paula Valente

Listing Office: Real Estate Exchange

MLS® Number: 73563586

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