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981 Main Street, Leicester MA 01524

$399,000

Estimated $1,129/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $133,000

Total Rent: 0/year

Estimated CAP Rate:

8 Bedrooms

Baths

4313

Total Parking: 12 (1 Garage)

15,681 (0.36)

Development-ready 8-bed, 3-bath single family home with exceptional multifamily conversion upside. 10 off-street parking spaces. Owner has completed preliminary town engagement and approvals pathway for multifamily redevelopment—eliminating zoning uncertainty and accelerating execution. Historic tax credit eligible. 3-minute drive to Webster Square retail/dining hub. Perfect for value-add developers seeking de-risked development opportunity in growing secondary market.

This home has been viewed 5 times

Last Checked: July 11th, 2026 at 4:29am (Source: MLS PIN #73547536)

Gross Income: $0

Gross Expenses: $5,785

Net Income Calc: $5,785

Water Views

Annual Expenses for 981 Main Street, Leicester MA 01524

Total Gross Expenses (Calculated)$5,785/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5785

Annual Income & Unit Breakdown for 981 Main Street, Leicester MA 01524

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 981 Main Street, Leicester MA 01524

Listing ID73547536

Property TypeMulti Family / 3 Family

Price399000 ($92.51/SqFt)

Style3 Family

CityLeicester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total4313

Approximate Lot Size (Acres)0.36

Total Parking12 (1 Garage)

Garage Parking1

Year Built1840

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 981 Main Street, Leicester MA 01524

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Property

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 981 Main Street, Leicester MA 01524

Real Estate Taxes5785

Tax Year2025

Assessed Value$544,800

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 981 Main Street, Leicester MA 01524

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 981 Main Street, Leicester MA 01524

Agent

Name: Todd Lornell

Office

Name: Lornell Real Estate

Phone: 860-305-7432

Team Members

Payment Calculator

, Interest

Property Taxes 482.08

Principal & Interest 2458.51

HOA Dues

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

4 More Photos

Withdrawn

981 Main Street, Leicester MA 01524

$399,000

Annual Expenses for 981 Main Street, Leicester MA 01524

Annual Income & Unit Breakdown for 981 Main Street, Leicester MA 01524

General Information for 981 Main Street, Leicester MA 01524

Disclosures for 981 Main Street, Leicester MA 01524

Financial Information for 981 Main Street, Leicester MA 01524

Location Information for 981 Main Street, Leicester MA 01524

Contact Information for 981 Main Street, Leicester MA 01524

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Lornell Real Estate

Todd Lornell