Prime investment opportunity in the heart of Leominster! This well-maintained four-unit multi-family property is a powerful addition to any real estate portfolio. Each of the four units offers a spacious and flexible layout, featuring two generous bedrooms, one full bath, and a large eat-in kitchen. A significant bonus is the expansive living area, which can easily serve as a third bedroom if desired, maximizing rental potential. Adding to its appeal, there's a large lot behind the existing parking area, providing ample space for a potential second building, significantly increasing the property's future value and development possibilities. This is an ideal turnkey addition for a seasoned investor or a fantastic starting point for those new to real estate. One unit is vacant, making this a great opportunity for an FHA loan. Situated just moments from public transportation, downtown restaurants, parks, and other local amenities, don't miss your chance to acquire this fantastic asset!
Sold for $790,000 on 07/24/25
$790,000
429 Mechanic St, Leominster, MA 01453
8beds
4,096sqft
4 Family - 4 Units Side by Side
Built in 1955
-- sqft lot
$748,300 Zestimate®
$193/sqft
$2,190 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 12:04pm
Listed by:
NoteWorthy Homes Team,
Coldwell Banker Realty,
Kellie Trudeau
Bought with:
Hejoma M. Garcia
RE/MAX Diverse
Source: MLS PIN,MLS#: 73392241
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Oil
Cooling
- Window Unit(s)
Features
- Ceiling Fan(s), Bathroom With Tub & Shower, Internet Available - Unknown, Living Room, Kitchen
- Flooring: Carpet, Laminate
- Basement: Full,Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,096
- Total interior livable area: 4,096 sqft
- Finished area above ground: 4,096
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Common, Guest, Paved
- Has uncovered spaces: Yes
Features
- Patio & porch: Enclosed
- Has view: Yes
- View description: City View(s)
Lot
- Size: 0.57 Acres
- Features: Gentle Sloping
Details
- Parcel number: 1580727
- Zoning: RB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family - 4 Units Side by Side
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1955
Utilities & green energy
- Electric: Circuit Breakers, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility
Location
- Region: Leominster
HOA & financial
Other financial information
- Total actual rent: 6700
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$748,300
2% more+ $14,966
With Zillow Showcase(estimated)
$763,266