264 Mechanic St, Leominster MA 01453
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$799,000

264 Mechanic St, Leominster MA 01453
Leominster, MA 01453
Listed by Rodrigo Azevedo
Bedrooms
3
Bathrooms
3.1
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
N/A
On market date
August 20, 2026
Stories
4
Garage spaces
2
Lot size
0.13 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

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

Mortgage calculator

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

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 4 hr ago.

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.