Active
264 Mechanic St
Leominster, MA 01453
Residential Income · Active · MLS #73566244
Listing Courtesy of Pablo Maia Realty | Rodrigo Azevedo
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MLS PIN data
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 information
Details at a glance
Interior
- Rooms
- 11
Building
- Style
- 4 Family
- Year built
- 1989
- Garage
- 2
- Parking
- 8
- Foundation
- Other
Land & utilities
- Lot size
- 0.13 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- RB
Financial
- Annual taxes
- $6,458
- Assessment year
- 2026
Listing history
Price and status timeline
No additional public listing history was supplied for this property.
Property value estimate
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Comparable sales
Recent properties for context
Recent comparable sales are not available for this property.
Photo insights
Condition signals
Generated from listing photography; not a substitute for an inspection.
Local market context
How this home compares in Leominster
Active city listing statistics from MLS PIN as of September 6, 2026. Asking prices are not completed-sale values.
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Common questions
About 264 Mechanic St
Can I schedule a private showing?
Yes. Request a tour of 264 Mechanic St and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.