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311 Main St, Leicester MA 01611

$549,900

Estimated $1,289/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $274,950

Total Rent: 60000/year

Estimated CAP Rate:

5 Bedrooms

Baths

2582

Total Parking: 9 (1 Garage)

10,634 (0.24)

TWO LOTS. TWO BUILDINGS. Exceptional opportunity in desirable Cherry Valley! The property features a spacious two-family residence with generously sized units and rental income potential. The property was previously used as three units, offering potential for additional use, subject to buyer due diligence, zoning requirements, and municipal approvals. A second large barn/garage provides additional space for storage, parking, hobbies, or other uses. Expansive off-street parking and generous green space add to the property's versatility. Both parcels are included in the sale, offering the opportunity to acquire additional land and improvements in one transaction. The property is priced competitively and offers substantial potential for an investor, owner-occupant, or buyer seeking additional space and flexibility. Potential uses and development opportunities are subject to buyer due diligence, zoning requirements, and all applicable municipal approvals. Buyers are encouraged to independently verify property boundaries, permitted uses, rental potential, zoning, and other property details. Bring your vision and explore the possibilities this unique property has to offer!

This home has been viewed 1 time

Last Checked: September 16th, 2026 at 5:48am (Source: MLS PIN #73563738)

Gross Income: $60,000

Gross Expenses: $4,766

Net Income Calc: $55,234

Water Views

Annual Expenses for 311 Main St, Leicester MA 01611

Total Gross Expenses (Calculated)$4,766/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4766

Annual Income & Unit Breakdown for 311 Main St, Leicester MA 01611

Total Gross Income (Calculated)$60,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 311 Main St, Leicester MA 01611

Listing ID73563738

Property TypeMulti Family

Price549900 ($212.97/SqFt)

StyleMulti Family

CityLeicester

CountyWorcester

MLS AreaCherry Valley

Neighborhood(s)

Approximate Living Area Total2582

Approximate Lot Size (Acres)0.24

Total Parking9 (1 Garage)

Garage Parking1

Year Built1860

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 311 Main St, Leicester MA 01611

Lead PaintNone

UFFINo

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

For Sale By OwnerEntry Only

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 311 Main St, Leicester MA 01611

Real Estate Taxes4766

Tax Year2026

Assessed Value$429,800

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 311 Main St, Leicester MA 01611

Elementary SchoolLeicester

Middle SchoolLeicester

High SchoolLeicester

Neighborhood(s)

MLS AreaCherry Valley

Area AmenitiesWalk/jog Trails

Contact Information for 311 Main St, Leicester MA 01611

Agent

Name: Kris Lippi

Office

Name: Get Listed Realty, LLC

Phone: 860-595-2506

Payment Calculator

, Interest

Property Taxes 397.17

Principal & Interest 3388.31

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Get Listed Realty, LLC

Kris Lippi

Agent Phone

Office Phone

(860) 595-2506

Text Agent Call Agent Call Office

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    [unparsed] => 311 Main St, Leicester MA 01611
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EXIT

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