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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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264 Mechanic St , Leominster, MA 01453
$799,000
Est. Payment: $1,775.56/mo
3 Bed
4 Bath
3480 Sqft
Status: Active | Days on site: 27
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NB1705 - K8000753
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House 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.

Highlights

Listed by Rodrigo Azevedo , 508-320-6053 Pablo Maia Realty , 508-875-0102.

Property Type

Multi-Family

Lot/Acreage
0.13

Year Built

1989

County

Worcester

Listing ID

73566244

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:4
  • Full Bathrooms:3
  • 1/2 Bathrooms:1
Water:Public

Exterior Features

Garage Capacity:8
Zoning:RB
Sewer:Public Sewer
Parking Features:Paved Drive,Parking Spaces: 8
Principal Interest
$1,776
Taxes
$538

Home Price

$799,000

Loan Details

30 yrs
%

Down Payment

20%
$159,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,775.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,775.56 $538.17 $0.00 $2,313.72
Yearly $21,306.67 $6,458.00 $0.00 $27,764.67
Total $639,200.00 $193,740.00 $0.00 $832,940.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Leominster, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.