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Pending

500 Main Street, Leicester MA 01611

$399,000

Estimated $1,004.56/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $133,000

Total Rent: 22800/year

Estimated CAP Rate: 4.64%

5 Bedrooms

3 Full Baths

2,938 SqFt

Total Parking: 6

23,400 SqFt

In the family for years! This well maintained three unit building in a business zone could be just right for you! Ideal setup on the first floor for owner occupant or business. Main floor does need some updating but on the second floor you have a one bedroom unit and an ideal studio apartment. fully applianced. Good rents the day you move it!Structural damage found in basement area. Property will only work with contractor or cash buyer.

This home has been viewed 29 times

Last Checked: December 2nd, 2025 at 8:58am (Source: MLS PIN #73389358)

Gross Income: $22,800

Gross Expenses: $4,291

Net Income Calc: $18,509

CAP Rate: 4.64%

Annual Expenses for 500 Main Street, Leicester MA 01611

Total Gross Expenses (Calculated)$4,291/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,291

Annual Income & Unit Breakdown for 500 Main Street, Leicester MA 01611

Total Gross Income (Calculated)$22,800

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,000

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$900

Lease

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 500 Main Street, Leicester MA 01611

Listing ID73389358

Property TypeMulti Family / 3 Family

Price$399,000 ($135.81/SqFt)

Style3 Family

CityLeicester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,938 SqFt

Approximate Lot Size (Acres)0.54 acres

Total Parking6

Garage Parking

Year Built1836

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Post & Beam

Lot FeaturesGentle Sloping, Cleared

Foundation Area1464

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor SpaceDeck - Wood, Porch

Zoningcb

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 500 Main Street, Leicester MA 01611

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$0

Total Gross Income By Broker$22,908

Total Net Income By Broker$22,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 500 Main Street, Leicester MA 01611

Real Estate Taxes$4,291

Tax Year2025

Assessed Value$364,600

Financial Data SourceOwner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$22,908

BostonRealEstate.com Gross Income

Total Net Income By Broker$22,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.64%

Location Information for 500 Main Street, Leicester MA 01611

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Shopping, Golf, Public Transportation, Sidewalks

Contact Information for 500 Main Street, Leicester MA 01611

Agent

Name: Darlene Eager

Office

Name: ERA Key Realty Services- Spenc

Phone: 508-885-6336

Payment Calculator

, Interest

Property Taxes 357.58

Principal & Interest 2458.51

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

ERA Key Realty Services- Spenc

Darlene Eager

Agent Phone

Office Phone

(508) 885-6336

Text Agent Call Agent Call Office

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EXIT

Pending

500 Main Street, Leicester MA 01611

$399,000

Annual Expenses for 500 Main Street, Leicester MA 01611

Annual Income & Unit Breakdown for 500 Main Street, Leicester MA 01611

General Information for 500 Main Street, Leicester MA 01611

Disclosures for 500 Main Street, Leicester MA 01611

Financial Information for 500 Main Street, Leicester MA 01611

Location Information for 500 Main Street, Leicester MA 01611

Contact Information for 500 Main Street, Leicester MA 01611

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ERA Key Realty Services- Spenc

Darlene Eager