264 Mechanic St, Leominster MA 01453
Leominster, MA 01453
$799,000
Est. $4,778/month
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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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 20, 2026
$799,000
Original listing
Agent: Rodrigo Azevedo
Office: Pablo Maia Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/20/2026 | 🏠 Listed for Sale | $799,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $6,458 | $472,800 |
Financial Details
Annual Property Tax
$6,458
Tax Year 2026
Assessed Value
$472,800
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1989
Living Area
3,480 sq ft
Lot Size
0.13 acres
Stories
4
Bedrooms
3
Full Baths
3
Half Baths
1
Total Rooms
11
Investment Metrics
Units
4
Unit 1 Rent
$1,350/mo · N
Unit 2 Rent
$1,475/mo · N
Unit 3 Rent
$1,400/mo · N
Unit 4 Rent
$1,350/mo · U
Total Monthly Rent
$5,575/mo
Gross Income
$66,900
Net Operating Income
$66,900
Cap Rate
8.37%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive
Total Spaces
8
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,458
Assessed Value
$472,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Garage Is Rented For $500.00 Per Month. Income And Expenses Statement Upon Request. Seller & Sellers Agent Make No Warranties Or Guarantees. Buyer/agent To Verify All Information & Perform Their Due Diligence. Property Sold As Is. Seller Never Lived At The Property.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1989
Bedrooms
3
Full Bathrooms
3
Half Bathrooms
1
Living Area
3,480 sq ft
Total Rooms
11
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,480 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1989
Structure Type:
Exterior Materials:
Roof:
Foundation:
Other
Stories:
4
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
8
Parking Features:
Paved Drive
Nearby Schools
School District
Leominster School District local
B-
School Safety
2024-25
2.2%
Average
2.2%
Suspensions
4.1%
In-School
3.3% below state avg
Elementary Schools
9 schools
St. Anna School
0.4 mi
Grades PK-12
St. Leo School
0.7 mi
Grades PK-08
C+
Frances Drake School
0.3 mi
|
#536 of 824
|
Score: 43.5
Improved 157 spots from last year
-14.7 below state avg
512 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Bennett School
0.9 mi
115 students
Diverse
Diverse Student Body
Grades PK
Priest Street School
1.1 mi
151 students
Diverse
Diverse Student Body
Grades K
C+
Northwest School
1.3 mi
|
#555 of 824
|
Score: 42.8
Improved 100 spots from last year
-15.4 below state avg
665 students
Diverse
Rising School
Diverse Student Body
Grades 01-05
B
Johnny Appleseed School
2.0 mi
|
#416 of 824
|
Score: 47.3
Improved 82 spots from last year
-10.9 below state avg
692 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Lincoln School
2.2 mi
46 students
Diverse
Diverse Student Body
Grades PK
A-
Fall Brook School
2.2 mi
|
#203 of 824
|
Score: 54.8
Improved 10 spots from last year
-3.4 below state avg
670 students
Diverse
Diverse Student Body
Strong Attendance
Grades K-05
Middle Schools
2 schools
B-
Sky View Middle School
2.0 mi
|
#194 of 352
|
Score: 40.9
Improved 30 spots from last year
-17.3 below state avg
869 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B-
Samoset School
2.2 mi
|
#207 of 352
|
Score: 40.0
Improved 13 spots from last year
-18.2 below state avg
495 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
4 schools
C-
Leominster Center for Excellence
0.4 mi
|
#309 of 346
|
Score: 35.9
Dropped 22 spots from last year
-22.3 below state avg
65 students
Diverse
Early College Program
College Ready Curriculum
Grades 09-12
Leominster Academy
0.4 mi
32 students
Diverse
College Ready Curriculum
Grades 09-12
B-
Center For Technical Education Innovation
1.7 mi
|
#210 of 346
|
Score: 50.7
Dropped 18 spots from last year
-7.5 below state avg
821 students
Diverse
Strong AP Program
Early College Program
High Graduation Rate
Career Tech Programs
Grades 09-12
B-
Leominster High School
1.7 mi
|
#206 of 346
|
Score: 51.1
Dropped 61 spots from last year
-7.1 below state avg
1,060 students
Diverse
19 sports
• 1,746 athletes
Early College Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$538
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
264 Mechanic St, Leominster MA 01453
Leominster, MA 01453
Listing Information
Listing Agent
Rodrigo Azevedo
Listing Office
Pablo Maia Realty
Office Phone
508-875-0102
Agent MLS ID
K8000753
Office MLS ID
NB1705
Listing Data Updated
Aug 20, 2026 12:53 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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