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429 Mechanic St

Leominster, MA 01453

Name: Open House: 11am-1pm
Start: 2025-06-21T11:00:00
End: 2025-06-21T13:00:00
Location: 429 Mechanic St

8 beds
4 baths
4,096 sqft
~1/2 acre lot
$186 per sqft
1955 build
– on site

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 asset in a thriving

Listing courtesy of MLSPIN / NoteWorthy Homes Team / Coldwell Banker Realty

Last checked: Checking… • Last updated Jun 17, 2025 •

MLS# 73392241 —

Upcoming Open Houses

Saturday, 6/21
11am-1pm

The Building

Year Built:

1955
Year Built Details:

Approximate
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Basement:

Full
Foundation Details:

Concrete Perimeter
Patio And Porch Features:

Enclosed
Levels:

4
Stories Total:

4
Stories:

4
# of Units Total:

4
Building Area Total:

4096
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

16
Interior Features:

Ceiling Fan(s)
Flooring:

Carpet
Fireplace:

false

Room Dimensions

Living Area:

4096
Living Area Source:

Public Record

Financial & Terms

Rent Includes:

Unit 1(Water)

Location

Directions:

Main St to Mechanic St.
Latitude:

42.520668
Longitude:

-71.740219

The Property

Parcel Number:

1580727
Property Type:

Residential Income
Property Subtype:

4 Family - 4 Units Side by Side
Lot Features:

Gentle Sloping
Lot Size Units:

Acres
Lot Size Area:

0.57
Lot Size SqFt:

24843
Lot Size Acres:

0.57
Zoning:

RB
View:

City View(s)
View:

true
Waterview:

No
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Block:

10
Tax Map Number:

173
Tax Book Number:

8959
Tax Annual Amount:

8500.78
Tax Assessed Value:

605900

Beds

Bedrooms Total:

8

Baths

Total Baths:

4
Total Baths:

4
Full Baths:

4

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Baseboard
Heating:

true
Cooling:

Window Unit(s)
Cooling:

true

Utilities

Utilities:

for Electric Range
Electric:

Circuit Breakers
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Range

Schools

Elementary School:

Fall Brook
Middle Or Junior School:

Sky View Middle
High School:

Leominster High

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false
Parking Total:

10
Parking Features:

Paved Drive
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/17/25 Jun 17, 2025	Listed / Active	MLSPIN	$765,000	115.5% (15.2% / YR)
11/14/17 Nov 14, 2017		MLSPIN	$355,000	33.5% (11.6% / YR)
12/31/14 Dec 31, 2014		MLSPIN	$266,000	2.7% (0.7% / YR)

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This multifamily located in French Hill, Leominster, MA 01453 is currently for sale for $765,000. 429 Mechanic St is a 4,096 square foot multifamily with 8 beds and 4 baths that has been on Estately for 0 days. 429 Mechanic St is in the French Hill neighborhood of Leominster and has a WalkScore® of 42, making it car-dependent.

Listing Courtesy of: MLSPIN and Coldwell Banker Realty.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) 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., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

429 Mechanic St

Leominster, MA 01453