Home Homes for Sale 311 Main St, Leicester MA 01611
Price cut: $40K

$549,900
$213/sqft · Leicester, MA
5Beds
3Baths
2,582Sqft
0.24 acresLot Size
311 Main St, Leicester MA 01611
Active Listed 30 days ago
Multi Family Built in 1860 0.24 Acre Lot 1-car Garage

What's Special

Multi FamilyBuilt in 18601-car GaragePrice Reduced

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!

Location

Property Details

Core Details

Property TypeMulti Family
Year Built1860
Parcel NumberM:23D B:00000B9 L:0,1559030
ZoningB
Stories2
MLS #73563738

Space & Sizing

Living Area2,582 sqft
Above Grade2,582 sqft
Total Rooms15
Bedrooms5
Bathrooms3
Lot Size0.24 acres

Features & Systems

Parking1-car Garage
Garage1 space
Open Parking7
Heating4 Zones
FoundationBlock, Stone
CoolingNone
ElectricCircuit Breakers
HeatingBaseboard, Electric, Oil
SewerPublic Sewer
Water SourcePublic

Features & Amenities

Appliances
Range Refrigerator
Community Features
Conservation Area Park Pool Private School Public School Public Transportation Shopping
Exterior Features
Balcony/Deck
Flooring
Tile
Interior Features
Bathroom with Shower Stall Bathroom With Tub & Shower Ceiling Fan(s) Dining Room Family Room Kitchen Laundry Room Living Room Office/Den Pantry Slider Sunroom Upgraded Cabinets Upgraded Countertops Walk-Up Attic
Laundry Features
Electric Dryer Hookup Washer Hookup
Levels
2
Lot Features
Sloped
Lead Paint
Unknown
Rent Includes
Unit 1(Heat,Water) Unit 2(Heat)
Utilities
for Electric Dryer for Electric Oven for Electric Range Washer Hookup

Additional Information

Directions: See GPS, enter Cherry Valley, not Leicester

Financial Details

Annual Taxes$4,766 (2026)
Assessed Value$429,800
Gross Income$60,000
Net Operating Income$60,000
Tax Book Number66575
Listed on Aug 14, 2026 Updated Sep 13, 2026 8:05 AM Worcester County

Interested in this home?

Contact a CRA Agent or Schedule a showing today.

Colonial Realty Associates
(617) 977-6025
MLS #73563738

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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