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993-1003 Main Street, Leicester MA 01524

$1,500,000

Estimated $3,732.82/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $166,666.67

Total Rent: 0/year

Estimated CAP Rate: -1.04%

25 Bedrooms

11 Full Baths

12,796 SqFt

Total Parking: 20 (2 Garage)

97,138 SqFt

*Currently set up as large single family homes*This exceptional portfolio comprises three buildings totaling approximately 13,000 square feet and featuring 25 spacious bedrooms. Offering remarkable versatility and scale, the properties are ideally positioned for redevelopment into multifamily residences, co-living communities, or group housing. Located adjacent to the high-demand area housing city of Worcester, this unique offering provides investors and developers a rare opportunity to create desirable housing options with significant income potential. The combination of size, layout, and location makes this portfolio a standout choice for adaptive reuse or residential conversion projects.

This home has been viewed 38 times

Last Checked: November 4th, 2025 at 7:43am (Source: MLS PIN #73449447)

Gross Income: $0

Gross Expenses: $15,607

Net Income Calc: $15,607

CAP Rate: -1.04%

Annual Expenses for 993-1003 Main Street, Leicester MA 01524

Total Gross Expenses (Calculated)$15,607/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$15,607

Annual Income & Unit Breakdown for 993-1003 Main Street, Leicester MA 01524

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms6

Bathrooms4 Full

Floor1

Levels in Unit3

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms9

Bathrooms4 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms9

Bathrooms4 Full

Floor3

Levels in Unit2

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 993-1003 Main Street, Leicester MA 01524

Listing ID73449447

Property TypeMulti Family

Price$1,500,000 ($117.22/SqFt)

Style5+ Family - Rooming House

CityLeicester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total12,796 SqFt

Approximate Lot Size (Acres)2.23 acres

Total Parking20 (2 Garage)

Garage Parking2 / Detached

Year Built1800

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 993-1003 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 993-1003 Main Street, Leicester MA 01524

Real Estate Taxes$15,607

Tax Year2025

Assessed Value$1,326,000

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)-1.04%

Location Information for 993-1003 Main Street, Leicester MA 01524

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 993-1003 Main Street, Leicester MA 01524

Agent

Name: Todd Lornell

Office

Name: Lornell Real Estate

Phone: 860-305-7432

Payment Calculator

, Interest

Property Taxes 1300.58

Principal & Interest 9242.52

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lornell Real Estate

Todd Lornell

Agent Phone

Office Phone

(860) 305-7432

Text Agent Call Agent Call Office

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EXIT

Active

993-1003 Main Street, Leicester MA 01524

$1,500,000

Annual Expenses for 993-1003 Main Street, Leicester MA 01524

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Lornell Real Estate

Todd Lornell