Luxury Real Estate Group Boston > Leominster > 264 Mechanic St

LRG Boston

(617) 233-5800

355 Boylston St

Boston, Ma 02116

264 Mechanic St

Leominster, MA

Property 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.

offered at

$799,000

  • Status: New
  • Listing ID: 73566244
  • Bedrooms: 3
  • Full Baths: 3
  • Half Baths: 1
  • Living Area: 3,480 sqft Convert
  • Lot Size: 5,624 sqft Convert
  • Acres: 0.13

Additional Details

Type: Multi-Family, Quadruplex

Zip Code: 01453

Levels: 4

Parking

Garage: 2

Garage Capacity: 2

Parking: Paved

Parking Spaces: 8

Rooms and Dimensions

Total Units: 4

Total Floors: 4

Total Rooms: 11

Contact: LRG Boston at (617) 233-5800

LRGBOSTON.COM

355 Boylston St. Boston, MA 02116

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