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    284 Mechanic St Leominster, MA 01453

    For Sale
    $499,900

    Three-family property with spacious units, yard, and two-car garage.

    Lot size:
    0.23 Acres

    Property Features for 284 Mechanic St

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1925

    Source: Prospective Realty INC Agent Gerard Breau

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leominster Three-Family Property

    This three-family property presents an investor opportunity, featuring spacious units, a yard, and a detached two-car garage. The first-floor unit includes two bedrooms, a living room, a kitchen with a galley-style extension that has an extra sink and cabinets, a mudroom, and a private side porch. The second floor contains two additional units: a two-bedroom apartment with a full bath and kitchen, and a one-bedroom apartment with a private covered porch/mudroom. The property offers outdoor space, off-street parking, and flexible floor plans. This property is located in Leominster, MA.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leominster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.746309
    Latitude
    42.5227469

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    FAQs

    What type of property is this?
    Triplex - Three-family property with spacious units, yard, and two-car garage.
    Where is this triplex located?
    The property is located at 284 Mechanic St Leominster, MA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Tremendous potential for maximizing rental income.; - Spacious units in a 3-family property.; - Detached 2-car garage.
    (978) 413-7975
    Request Owner's contact information
    284 Mechanic St Leominster, MA 01453
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    284 Mechanic St Leominster, MA 01453
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