247 Mechanic Street, Leominster MA 01453

Leominster, MA 01453
$680,000
$659,000
Est. $4,119/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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6
Beds
4
Baths
3,111
Sq Ft
$212
Price/Sq Ft
0.17
Acres
1900
Year Built
8
Parking
59
Days on Market
For Sale Price Drop -$21,000 Listed Aug 10, 2026 • MLS# 73561429 Copied! • Updated Sep 16, 2026

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About this home

4 Unit building located in a convenient location near shopping and highway access. Property has had several major updates roofing with a 50 year metal roof & rubber section, electrical (outside and inside services), and plumbing. The corner lot provides ample parking. 1st floor unit has gas boiler for heat. The other 3 units have electric baseboards. 2nd floor right side has additional space with a sun porch and its own entrance to the right side parking. 1st floor unit has has laundry hookups and a covered patio.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
3.1%
Price Range

Property Timeline

↓
Price Reduced
Sep 12, 2026
$659,000 $21,000 (-3.09%)
From $680,000 to $659,000 (-3.1%)
👁️
Showing Instructions Updated
Aug 12, 2026
New showing requirements
🏠
Listed for Sale
Aug 10, 2026
$680,000
Original listing
Office: The Neighborhood Realty Group

Tax History

Year Taxes Assessment
2026 $7,035 $515,000

Financial Details

Annual Property Tax
$7,035
Tax Year 2026
Assessed Value
$515,000

Facts & Features

Home Facts

Type Residential Income
Style 4 Family - 4 Units Up/Down
Year Built 1900
Living Area 3,111 sq ft
Lot Size 0.17 acres
Stories 4
Bedrooms 6
Full Baths 4
Total Rooms 14

Investment Metrics

Units 4
Unit 1 Rent $1,750/mo · Y
Unit 2 Rent $975/mo · Y
Unit 3 Rent $1,285/mo · Y
Unit 4 Rent $1,350/mo · Y
Total Monthly Rent $5,360/mo
Gross Income $64,320
Net Operating Income $64,320
Cap Rate 9.76%
Heating Baseboard, Electric
Cooling None
Flooring Vinyl, Carpet, Laminate
Appliances Range, Dishwasher, Refrigerator
Fireplace None
Basement Full, Concrete
Laundry Electric Dryer Hookup, Washer Hookup
Features Living Room, Dining Room, Kitchen, Sunroom
Construction Frame
Architecture None
Roof Rubber, Metal
Features Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Enclosed
Features Paved Drive, Off Street, Paved
Total Spaces 8
Electric Circuit Breakers, 200+ Amp Service, Common, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $7,035
Assessed Value $515,000
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Lead Paint Unknown
Seller Disclosures Owner Pays For Hot Water (gas). Basement Access Is Through The 1st Floor Unit.
Possession None
Accepted Financing None
Structure Type []
House Color yellow
Sq Ft Source Public Record
Sq Ft Disclosures 1st Floor has a tempoary wall creting a 4th Bedroom
Documents None
County Worcester
Total market time (incl. prior listings) 37 days

Property Overview

Property Type
4 Family - 4 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
6
Full Bathrooms
4
Living Area
3,111 sq ft
Total Rooms
14
Stories
4
Levels
4

Floor Layout

Interior Features

Flooring: Vinyl, Carpet, Laminate
Appliances: Range, Dishwasher, Refrigerator
Interior Features: Living Room, Dining Room, Kitchen, Sunroom
Windows: Insulated Windows, Storm Window(s), Screens
Basement: Full, Concrete
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Rubber, Metal
Foundation: Concrete Perimeter, Stone, Brick/Mortar
Stories: 4

Heating, Cooling & Utilities

Heating: Baseboard, Electric
Cooling: None
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Rain Gutters
Patio & Porch: Enclosed
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 8
Parking Features: Paved Drive, Off Street, Paved

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $586
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

247 Mechanic Street, Leominster MA 01453

Leominster, MA 01453

Listing Information

Listing Agent Matthew Phillipo
Listing Office The Neighborhood Realty Group
Office Phone 508-459-1876
Agent MLS ID CN216117
Office MLS ID AN9109
Listing Data Updated Sep 16, 2026 3:06 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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