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199 Mechanic St, Leominster MA 01453

$550,000

Estimated $1,550/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $183,333.33

Total Rent: 36000/year

Estimated CAP Rate:

6 Bedrooms

Baths

3935

Total Parking: 6

5,010 (0.12)

Well Maintained 3 Family offering spacious 3 BDM, 1 Bath Apartments. All three units are separately metered and the tenants pay for their heat, hot water, gas, and electricity. Washer and Dryer hooks ups for each apartment. Plenty of off St Parking for the tenants and guest. The outside has vinyl siding and vinyl windows. Minutes from Rt. 2, Rt. 190, and Leominster's Vibrant Downtown. Rents are below market rate but all 3 Tenants are on a TAW.

This home has been viewed 13 times

Last Checked: October 27th, 2026 at 6:18am (Source: MLS PIN #73594962)

Gross Income: $36,000

Gross Expenses: $16,721

Net Income Calc: $19,279

Water Views

Annual Expenses for 199 Mechanic St, Leominster MA 01453

Total Gross Expenses (Calculated)$16,721/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7901

Annual Income & Unit Breakdown for 199 Mechanic St, Leominster MA 01453

Total Gross Income (Calculated)$36,000

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 199 Mechanic St, Leominster MA 01453

Listing ID73594962

Property TypeMulti Family / 3 Family

Price550000 ($139.77/SqFt)

Style3 Family

CityLeominster

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3935

Approximate Lot Size (Acres)0.12

Total Parking6

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRC

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 199 Mechanic St, Leominster MA 01453

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher & Dryer Units On 2nd & 3rd Floors Excluded.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 199 Mechanic St, Leominster MA 01453

Real Estate Taxes7901

Tax Year2026

Assessed Value$578,400

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 199 Mechanic St, Leominster MA 01453

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 199 Mechanic St, Leominster MA 01453

Agent

Name: Matthew Straight

Office

Name: Coldwell Banker Realty - Leominster

Phone: 978-840-4014

Payment Calculator

, Interest

Property Taxes 658.42

Principal & Interest 3388.93

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Leominster

Matthew Straight

Agent Phone

Office Phone

(978) 840-4014

Text Agent Call Agent Call Office

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EXIT

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Active

199 Mechanic St, Leominster MA 01453

$550,000

Annual Expenses for 199 Mechanic St, Leominster MA 01453

Annual Income & Unit Breakdown for 199 Mechanic St, Leominster MA 01453

General Information for 199 Mechanic St, Leominster MA 01453

Disclosures for 199 Mechanic St, Leominster MA 01453

Financial Information for 199 Mechanic St, Leominster MA 01453

Location Information for 199 Mechanic St, Leominster MA 01453

Contact Information for 199 Mechanic St, Leominster MA 01453

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Leominster

Matthew Straight