264 Mechanic StLeominster, MA 01453
Worcester County
Description
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
- Property type
- Residential Income
- Sub-type
- Quadruplex
- Year built
- 1989
- Stories
- 4
- Living area
- 3,480 Sq Ft
- Lot size
- 0.13 acres
- Garage spaces
- 2
- Parking spaces
- 8
- Zoning
- RB
- Days on market
- 63
- MLS® Listing#
- 73566244
Property Features
- Parking
- Paved
- Foundation
- Other
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $6,458Tax year 2026
- Assessed value
- $472,800
- Parcel number
- M:0137 B:0061 L:0000,1579981
Directions
On a main street connecting Downtown to Route 2/Route I90 and near Mall and Home Depot.
Listing Courtesy: Pablo Maia Realty - 5088750102
Presented by: Rodrigo Azevedo
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