4 Family at 264 Mechanic St, Leominster MA 01453, Leominster
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 2 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 3 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 4 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 5 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 6 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 7 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 8 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 9 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 10 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 11 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 12 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 13 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 14 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 15 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 16 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 17 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 18 of 19
4 Family at 264 Mechanic St, Leominster MA 01453, Leominster, photo 19 of 19
19 photos

$799,000

264 Mechanic St, Leominster MA 01453
Leominster, MA 01453
Listed by Rodrigo Azevedo
Bedrooms
3
Bathrooms
3.5
Living area
3,480 sqft
Year built
1989

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.

Property details

MLS #
73566244
Property type
4 Family
Subdivision
N/A
Status
Active
Days on market
42
On market date
August 20, 2026
Stories
4
Total bathrooms
3.5
Garage spaces
2
Parking spaces
8
Lot size
0.13 acres
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Frances Drake School
0.3 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
490
Student:teacher ratio
11.4:1
District
Leominster
Middle
Sky View Middle School
1.99 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
874
Student:teacher ratio
15.3:1
District
Leominster
High
Leominster Center for Excellence
1.68 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
47
Student:teacher ratio
9.4:1
District
Leominster

Walkability

Blended score for Leominster's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

88
Highly walkable
out of 100
EPA National Walkability Index
16.0 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores7
Parks7
Schools8
Transit stops9
Pharmacies3

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$4,962/mo
$159,800 down
$639,200 loan
Principal & interest$4,146
Property tax (est.)$666
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated August 25, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.