$7,826

closing credit¹

114 Mechanic St Leominster, MA 01453

$659,000
5 beds
4 full
3,465 sqft
0.1 acres
$190 / sqft
Multi-Family

Property details

About 114 Mechanic St

**Attention Investors!** Cash-flowing, fully-occupied 3-family home with a bonus loft/in-law suite in a prime location! The property features two 1-bedroom units on the first floor, a spacious 3-bedroom unit on the second floor, and a loft-style in-law suite on the third floor. All units are currently rented with great tenants under lease agreements, ensuring immediate income. Tenants have access to a shared laundry area for added convenience. The property boasts a 2-car detached garage and ample additional parking. Located just minutes from downtown, shops, restaurants, and major highways, this property offers both convenience and appeal for tenants. Perfect for investors looking for a turn-key, cash-flowing opportunity with long-term upside! Don’t miss out!

Highlights

Home typeMulti Family
HeatingElectric, Natural Gas
StatusAccepting Backup Offers
(Contingent)
Size3,465 sqft
BasementYes
Lot size0.15 Acres
Year built1900
ParkingPaved Drive, Off Street
MLS #73302487
Garage2 spaces

Summary

  • MLS Number: 73302487
  • MLS Name: MLS Property Information Network
  • Office Name: 1 Worcester Homes
  • Office Phone: (508) 459-1876
  • Listing Agent: Luiz Fernando Coelho

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/13/2025, 11:55:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property

$659,000

114 Mechanic St

$7,826

closing credit¹

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Price information

Property sales

DateEventPrice
Apr 01, 2022
Home Sold
$516,000
Jun 01, 2016
Home Sold
$246,200
Aug 16, 2001
Home Sold
$185,000
Apr 27, 1989
Home Sold
$162,000

Tax history

YearAssessmentProperty Tax
2024$509,200$7,388
2023$453,100$7,041
2022$366,300$6,066
2021$333,000$6,037
2020$292,600$5,261
2019$289,600$5,369

History based on county public records data.

Nearby schools

5

Frances Drake Elementary School

Public District KG-5

0.6 mi

95 Viscoloid Ave

5

Northwest Elementary School

Public District KG-5

1.0 mi

45 Stearns Ave

5

Johnny Appleseed Elementary School

Public District KG-5

2.0 mi

845 Main St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $49,396. Typical income of Leominster, MA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

34%
<35k
43%
35k-100k
21%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

48%
Single, No Kids
21%
Single, with Kids
16%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
40%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • SoccerSoccer
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • BurlingtonBurlington
  • Forever 21Forever 21
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Dominos PizzaDominos Pizza
  • White CastleWhite Castle

What do the neighbors drive?

  • DodgeDodge
  • MazdaMazda
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • RockRock
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 114 Mechanic St in Leominster, MA and zip code 01453. This 3,465 square foot home, which was built in 1900, sits on a 0.15 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $659,000.

Over 7 listings were sold over their listed price in January 2025 in Leominster, MA. In the same period over 9 listings were sold below the listed price and 7 listings were sold for the listed price. Between December and January 2025, Leominster, MA real estate market has seen increase in the number of listings by 5.4%. While the average time on the market in January 2025 was 34 days, the median list price was $445,000.

From Rocket Homes Real Estate and based on county public records data.

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