Home Homes for Sale 264 Mechanic St, Leominster MA 01453
$799,000
$230/sqft · Leominster, MA
3Beds
3.5Baths
3,480Sqft
0.13 acresLot Size
264 Mechanic St, Leominster MA 01453
Active Listed 5 days ago
4 Family Built in 1989 0.13 Acre Lot 2-car Garage

What's Special

4 FamilyBuilt in 19892-car Garage

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.

Location

Property Details

Core Details

Property Type4 Family
Year Built1989
Parcel NumberM:0137 B:0061 L:0000,1579981
ZoningRB
Stories4
MLS #73566244

Space & Sizing

Living Area3,480 sqft
Above Grade3,480 sqft
Total Rooms11
Bedrooms3
Bathrooms3.5
Lot Size0.13 acres

Features & Systems

Parking2-car Garage
Garage2 spaces
Open Parking6
FoundationOther
SewerPublic Sewer
Water SourcePublic

Features & Amenities

Levels
4
Lead Paint
Unknown
Parking Features
Paved Drive

Additional Information

Disclosures: Garage is rented for $500.00 per month. Income and expenses statement upon request. Seller & seller's agent make no warranties or guarantees. Buyer/Agent to verify all information & perform their due diligence. Property sold AS IS. Seller never lived at the property.

Directions: On a main street connecting Downtown to Route 2/Route I90 and near Mall and Home Depot.

Financial Details

Annual Taxes$6,458 (2026)
Assessed Value$472,800
Gross Income$66,900
Net Operating Income$66,900
Tax Book Number9343
Listed on Aug 20, 2026 Updated Aug 25, 2026 8:42 PM Worcester County

Interested in this home?

Contact a CRA Agent or Schedule a showing today.

Colonial Realty Associates
(617) 977-6025
MLS #73566244

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

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