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44 Grove St, Leicester MA 01524

$499,000

Estimated $1,211/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $166,333.33

Total Rent: 28800/year

Estimated CAP Rate:

4 Bedrooms

Baths

2914

Total Parking: 4 (1 Garage)

9,522 (0.22)

An opportunity to own, occupy and invest in Leicester! This three-family property offers flexibility from day one, with two units currently occupied and one vacant. Live in one unit while collecting rental income from the other two, or lease the vacant unit and add a three-family property to your investment portfolio. With existing income in place and opportunity to make improvements over time, the property offers potential to add value while building toward your long-term goals. A great option for a first-time multifamily buyer, experienced investor, or owner-occupant looking for a property that can work for them from the start. Sale is subject to final Probate Court approval.

This home has been viewed 9 times

Last Checked: September 25th, 2026 at 6:03am (Source: MLS PIN #73568634)

Gross Income: $28,800

Gross Expenses: $4,822

Net Income Calc: $23,978

Water Views

Annual Expenses for 44 Grove St, Leicester MA 01524

Total Gross Expenses (Calculated)$4,822/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4822

Annual Income & Unit Breakdown for 44 Grove St, Leicester MA 01524

Total Gross Income (Calculated)$28,800

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 44 Grove St, Leicester MA 01524

Listing ID73568634

Property TypeMulti Family / 3 Family

Price499000 ($171.24/SqFt)

Style3 Family

CityLeicester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total2914

Approximate Lot Size (Acres)0.22

Total Parking4 (1 Garage)

Garage Parking1

Year Built1890

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 44 Grove St, Leicester MA 01524

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings.

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 44 Grove St, Leicester MA 01524

Real Estate Taxes4822

Tax Year2025

Assessed Value$409,700

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 44 Grove St, Leicester MA 01524

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 44 Grove St, Leicester MA 01524

Agent

Name: Stephanie Lachapelle Group

Office

Name: Compass

Phone: 617-752-6845

Team Members

Name: Megan Houatchanthara

Payment Calculator

, Interest

Property Taxes 401.83

Principal & Interest 3074.68

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Stephanie Lachapelle Group

Agent Phone

Office Phone

(617) 752-6845

Text Agent Call Agent Call Office

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    [description] => An opportunity to own, occupy and invest in Leicester! This three-family property offers flexibility from day one, with two units currently occupied and one vacant. Live in one unit while collecting rental income from the other two, or lease the vacant unit and add a three-family property to your investment portfolio. With existing income in place and opportunity to make improvements over time, the property offers potential to add value while building toward your long-term goals. A great option for a first-time multifamily buyer, experienced investor, or owner-occupant looking for a property that can work for them from the start. Sale is subject to final Probate Court approval.
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[terms] => Array
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[travel_routes] => 
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    [unparsed] => 44 Grove St, Leicester MA 01524
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EXIT

23 More Photos

Pending

44 Grove St, Leicester MA 01524

$499,000

Annual Expenses for 44 Grove St, Leicester MA 01524

Annual Income & Unit Breakdown for 44 Grove St, Leicester MA 01524

General Information for 44 Grove St, Leicester MA 01524

Disclosures for 44 Grove St, Leicester MA 01524

Financial Information for 44 Grove St, Leicester MA 01524

Location Information for 44 Grove St, Leicester MA 01524

Contact Information for 44 Grove St, Leicester MA 01524

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Compass

Stephanie Lachapelle Group