For Sale · Multi-Family
264 Mechanic St
Leominster, MA 01453
$799,000
$230 per sq ft
- 3
- beds
- 3.5
- baths
- 3,480
- sq ft
Est. payment: $4,728/mo Estimated. Taxes and insurance included.
- Lot (sq ft)
- 5,624
- Year Built
- 1989
- Type
- Multi-Family
- Status
- For Sale
- Property taxes (2026)
- $6,458
- Assessed value
- $472,800
- Days on Market
- 5
About this home
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.
Facts & features
Interior
- Total rooms
- 11
Systems & utilities
- Water
- Public
- Sewer
- Public Sewer
Exterior & parking
- Parking
- Paved Drive
- Garage spaces
- 2
- Total parking
- 8
Construction
- Foundation
- Other
- Year built
- 1989
Flood risk
Location
Courtesy of Pablo Maia Realty
MLS #: 73566244 · Updated: August 25, 2026
Listing data is provided in part by MLS PIN and PrimeMLS/NEREN and is for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed.
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