$799,000
264 Mechanic St
Leominster, MA, 01453
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
Price:
$799,000
MLS #:
73566244
Status:
Active
Beds:
3
Baths:
3.5
Type:
Multi Family
Subtype:
4 Family
Listed Date:
Aug 20, 2026
Finished Sq Ft:
3,480
Total Sq Ft:
3,480
Lot Size:
5,624 sqft / 0.13 acres (approx)
Year Built:
1989
Units:
4
Schools
Interior
Above Grade Finished Area
3480
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Levels
4
Exterior
Covered Spaces
2
Garage Spaces
2
Open Parking Spaces
6
Open Parking YN
1
Parking Features
Paved Drive
Parking Spots
8
Parking Total
8
Stories
4
Financial
Tax Year
2026
Taxes
$6,458
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Leominster as of Aug 31, 2026
39
Multi Family Listed
54
Avg DOM
220
Avg $ / SqFt
$710,287
Avg List Price
Community
- Address264 Mechanic St Leominster MA
- CityLeominster
- CountyWorcester
- Zip Code01453
Subdivisions in Leominster
Similar Listings Nearby
Property Summary
- 264 Mechanic St Leominster MA is a Multi Family for sale in Leominster, MA, 01453. It is listed for $799,000 To schedule a showing of MLS#73566244 at 264 Mechanic St in Leominster, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Pablo Maia Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
264 Mechanic St
Leominster, MA