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.

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Basic Information

Gross Income $91,872
Listing Terms Lender Approval Required
Lot Features Corner Lot, Cleared
Mls StatusNew
Parcel Number 1577911
Rent Includes Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
Road Frontage DescriptionPaved

Tax Information

Tax Assessed Value $596,900
Tax Year 2026
Taxes$8,154

Parking

Covered Spaces 1
Garage YN Yes
Open Parking YN Yes
Parking Features Paved Drive, Off Street
Parking Spaces6

Rooms

Bathroom5
Bathrooms Total Decimal 5
Bedrooms7
Full Bath5

Basic Information

List Price$800,000
MLS Number73563586
Modification Date08/13/2026
Property SubType5+ Family - 5+ Units Up/Down

Location

Address223 Mechanic Street
Building Number223
CountyWorcester
StateMA
StreetMechanic Street
TownLeominster
Zip01453

Building

BasementFull, Dirt Floor
Building Area Units Square Feet
Construction Materials Frame
FoundationStone
Garage Spaces1
Levels 5
Patio And Porch Features Porch
Rooms19
Stories5
Units5
Utilities For Gas Range, Varies Per Unit
Window Features Picture Window, Skylight(s)
Year Built1900
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.11

Interior

Flooring Varies, Hardwood
Interior Features
- Ceiling Fan(s)
- Dining Room
- Kitchen
- Laundry Room
- Living Room
- Office/Den

Exterior

Exterior Features Balcony/Deck
RoofTar/Gravel

Utilities

Electric Varies per Unit
Heat SystemYes
Heating Natural Gas, Individual, Unit Control, Wall Unit
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 4,278
Lot Size Square Feet 4,950
Lot Size Units Acres
Road Responsibility Public Maintained Road
Square Feet4,278

Amenities

Amenities
- Highway Access
- House of Worship
- Medical Facility
- Public School
- Public Transportation
- Shopping
- Sidewalks
Appliances IncludedRange, Refrigerator, Washer, Dryer
Other AmenitiesBasement

Legal

ZoningRC

Other

Date Listed08/13/2026
Farm Land Area Units Square Feet

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Newton, MA

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More Info

Basic Information

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Parking

Rooms

Basic Information

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Interior

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Utilities

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Newton, MA