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3 Beds
4 Baths
3,480 sqft

$799,000

264 Mechanic St, Leominster MA, 01453

Price per sqft$229.60
Built in1989
Property size3,480 sqft
Property typeMulti-family

Overview

Active

Listed Aug 20, 2026

Updated Sep 3

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.

$5,316/mo

Est. mortgage payment based on a $799,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
73566244

Interior Features

Bedrooms
3
Bathrooms
4
Basement
No

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$6,458
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No

This listing is provided by Rodrigo Azevedo with Pablo Maia Realty

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Data last updated 4:47 PM UTC, 9/3/2026

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