*Currently set up as a large single family home*997 Main St, Leicester offers an outstanding opportunity for investors, developers, or owner-occupants seeking space, flexibility, and character. Spanning approximately 3,504 sq. ft., this 10-bedroom, 4-bath property features a versatile layout ideal for multifamily conversion, co-living, group housing, or a spacious single-family home. Just minutes from Worcester, it benefits from strong rental demand and easy access to amenities, employment centers, and transit. With its size, location, and redevelopment potential, 997 Main St stands out as a prime investment in a growing market.
This home has been viewed 13 times
Last Checked: November 10th, 2025 at 7:18am (Source: MLS PIN #73449437)
Gross Income: $0
Gross Expenses: $5,249
Net Income Calc: $5,249
CAP Rate: -1.05%
Annual Expenses for 997 Main Street, Leicester MA 01524
Total Gross Expenses (Calculated)$5,249/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,249
Annual Income & Unit Breakdown for 997 Main Street, Leicester MA 01524
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
General Information for 997 Main Street, Leicester MA 01524
Listing ID73449437
Property TypeMulti Family / 4 Family
Price$500,000 ($142.65/SqFt)
Style4 Family - Rooming House
CityLeicester
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total3,505 SqFt
Approximate Lot Size (Acres)0.29 acres
Total Parking4
Garage Parking
Year Built1950
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsBrick
Lot FeaturesSloped, Other
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningR2
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 997 Main Street, Leicester MA 01524
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$0
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 997 Main Street, Leicester MA 01524
Real Estate Taxes$5,249
Tax Year2025
Assessed Value$446,700
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$0
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-1.05%
Location Information for 997 Main Street, Leicester MA 01524
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 997 Main Street, Leicester MA 01524