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, an...
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Last Checked: July 10th, 2025 at 6:58am (Source: MLS PIN #73392241)
Gross Income: $80,400
Gross Expenses: $8,500
Net Income Calc: $71,900
CAP Rate: 9.40%
Annual Expenses for 429 Mechanic St, Leominster MA 01453
Total Gross Expenses (Calculated)$8,500/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$8,500.78
Annual Income & Unit Breakdown for 429 Mechanic St, Leominster MA 01453
Total Gross Income (Calculated)$80,400
Unit 1
Rental Income$1,600
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 2
Rental Income$1,850
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 3
Rental Income$1,600
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 4
Rental Income$1,650
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
General Information for 429 Mechanic St, Leominster MA 01453
Listing ID73392241
Property TypeMulti Family / 4 Family
Price$765,000 ($186.77/SqFt)
Style4 Family - 4 Units Side By Side
CityLeominster
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total4,096 SqFt
Approximate Lot Size (Acres)0.57 acres
Total Parking10
Garage Parking
Year Built1955
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor SpaceEnclosed
ZoningRB
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 429 Mechanic St, Leominster MA 01453
Lead Paint
UFFIUnknown
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$15,759
Total Gross Income By Broker$80,400
Total Net Income By Broker$64,641
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 429 Mechanic St, Leominster MA 01453
Real Estate Taxes$8,500.78
Tax Year2024
Assessed Value$605,900
Financial Data Source
Total Gross Expenses By Broker$15,759
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$80,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$64,641
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)9.40%
Location Information for 429 Mechanic St, Leominster MA 01453
Elementary SchoolFall Brook
Middle SchoolSky View Middle
High SchoolLeominster High
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Shopping, Medical Facility, Public Transportation
Contact Information for 429 Mechanic St, Leominster MA 01453