247 Mechanic Street Leominster — Photo 1 of 37
Recent Drop: $21,000
$659,000
Investment Analysis — 247 Mechanic Street
Leominster, MA 01453
Based on rent reported on the MLS listing, a 4-unit multi-family in 01453 carries $5,360/mo in gross rent — about a 6.35% cap rate and $41,848/yr in estimated NOI at the $659,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
4
SqFt
3,111
Style
4 Family - 4 Units Up/Down
Built
1900
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Property History
$659,000
Was $680,000
Sep 12, 2026
MLS® 73561429
$680,000
Aug 10, 2026
MLS® 73561429
Listing Agent: Matthew Phillipo
Listing Office: 1 Worcester Homes
MLS® Number: 73561429