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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.

More Info

Basic Information

  • Gross Income $66,900
  • Mls StatusNew
  • Parcel Number M:0137 B:0061 L:0000,1579981

Tax Information

  • Tax Assessed Value $472,800
  • Tax Year 2026
  • Taxes$6,458

Parking

  • Covered Spaces 2
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces8

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 3.5
  • Bedrooms3
  • Full Bath3
  • Half Baths1

Basic Information

  • List Price$799,000
  • MLS Number73566244
  • Modification Date08/21/2026
  • Property SubType4 Family

Location

  • Address264 Mechanic Street
  • Building Number264
  • CountyWorcester
  • StateMA
  • StreetMechanic Street
  • TownLeominster
  • Zip01453

Building

  • Building Area Units Square Feet
  • FoundationOther
  • Garage Spaces2
  • Levels 4
  • Rooms11
  • Stories4
  • Units4
  • Year Built1989
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.13

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,480
  • Lot Size Square Feet 5,624
  • Lot Size Units Acres
  • Square Feet3,480

Legal

  • ZoningRB

Other

  • Date Listed08/20/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Rodrigo Azevedo of Pablo Maia Realty

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