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Active

264 Mechanic St, Leominster MA 01453

$799,000

Estimated $1,834/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $199,750

Total Rent: 66900/year

Estimated CAP Rate:

3 Bedrooms

Baths

3480

Total Parking: 10 (2 Garage)

5,624 (0.13)

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.

This home has been viewed 6 times

Last Checked: September 14th, 2026 at 6:03pm (Source: MLS PIN #73566244)

Gross Income: $66,900

Gross Expenses: $6,458

Net Income Calc: $60,442

Annual Expenses for 264 Mechanic St, Leominster MA 01453

Total Gross Expenses (Calculated)$6,458/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6458

Annual Income & Unit Breakdown for 264 Mechanic St, Leominster MA 01453

Total Gross Income (Calculated)$66,900

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseU

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 264 Mechanic St, Leominster MA 01453

Listing ID73566244

Property TypeMulti Family / 4 Family

Price799000 ($229.6/SqFt)

Style4 Family

CityLeominster

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3480

Approximate Lot Size (Acres)0.13

Total Parking10 (2 Garage)

Garage Parking2

Year Built1989

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 264 Mechanic St, Leominster MA 01453

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator In Basement And Table In The Kitchen.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 264 Mechanic St, Leominster MA 01453

Real Estate Taxes6458

Tax Year2026

Assessed Value$472,800

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 264 Mechanic St, Leominster MA 01453

Neighborhood(s)

Area Amenities

Contact Information for 264 Mechanic St, Leominster MA 01453

Agent

Name: Rodrigo Azevedo

Office

Name: Pablo Maia Realty

Phone: 508-875-0102

Payment Calculator

, Interest

Property Taxes 538.17

Principal & Interest 4923.18

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Pablo Maia Realty

Rodrigo Azevedo

Agent Phone

Office Phone

(508) 875-0102

Text Agent Call Agent Call Office

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EXIT

16 More Photos

Active

264 Mechanic St, Leominster MA 01453

$799,000

Annual Expenses for 264 Mechanic St, Leominster MA 01453

Annual Income & Unit Breakdown for 264 Mechanic St, Leominster MA 01453

General Information for 264 Mechanic St, Leominster MA 01453

Disclosures for 264 Mechanic St, Leominster MA 01453

Financial Information for 264 Mechanic St, Leominster MA 01453

Location Information for 264 Mechanic St, Leominster MA 01453

Contact Information for 264 Mechanic St, Leominster MA 01453

Agent

Office

Payment Calculator

Exclusive Listing Agent

Pablo Maia Realty

Rodrigo Azevedo