264 Mechanic St, Leominster, MA 01453
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$799,000
4 Unit
3 Beds
4 Baths
3480 SQFT
0.13 Acre

Property Description

Great Investment Opportunity in a Highly Desirable and Convenient Location! This versatile mixed-use property offers excellent income potential, featuring a commercial storefront plus three 1-bedroom apartments, all updated with modern kitchens and bathrooms. Each unit provides two means of egress, adding functionality and flexibility. With tenants responsible for their own heat, hot water, and electricity, operating expenses are minimized, while the owner is responsible only for city water. An exceptional added value is the approximately 50' x 35' detached garage, zoned for both residential and commercial use, creating significant additional income and development potential. Ideal for vehicle or boat storage, contractor space, warehouse use, or other permitted commercial opportunities. With multiple income streams, strong rental potential, and endless possibilities for future use, this property presents a rare opportunity for investors seeking both immediate income and long-term upside.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 3
  • Total Full Baths: 3
  • Total Half Baths: 1

Financial

  • APOD Available: No
  • Gross Operating Income: 66900
  • Net Operating Income: 66900

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Unknown
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1989
  • Type: 4 Family
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73566244
  • Last Updated: 08/25/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/24/2026Active$799,000$230MLSPIN
08/20/2026New$799,000$230MLSPIN

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Seller's Representative: Rodrigo Azevedo, Pablo Maia Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-08-25 16:42:00

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