
1 Shady Ln Leicester — Photo 1 of 28
$489,900
Investment Analysis — 1 Shady Ln
Leicester, MA 01524
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01524 carries an estimated $2,040/mo in gross rent — about a 2.73% cap rate and $13,381/yr in estimated NOI at the $489,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,932
Style
Single Family
Built
2000
Welcome to this charming 3-bedroom, 1.5-bath Colonial located on a public quiet dead-end street in Leicester, MA. Set on a private lot, this home offers a great combination of comfortable living space, outdoor enjoyment, and flexibility for today’s lifestyle.Inside, you’ll find a functional and inviting layout . One of the standout features is the sunroom, providing the perfect place to enjoy your morning coffee, relax with a book, or unwind while overlooking the backyard.Step outside to the spacious, fully fenced-in backyard, offering plenty of room for entertaining, gardening, pets, outdoor games, or simply enjoying your own private space. The dead-end location adds an extra sense of privacy while still keeping you convenient to local amenities, schools, shopping, and major routes.A major bonus is the large detached two-car garage, providing excellent space for vehicles, tools, hobbies, or additional storage. Above the garage is even more usable space that could be perfect for entertaining, a game room, home gym, hobby area, or additional storage depending on your needs.***Recent major improvements, including a new roof in 2026,water treatment system in 2022 backyard fence 2022.With three bedrooms, one and a half baths, a sunroom, private fenced yard, oversized detached garage, and flexible bonus space above, this Leicester Colonial offers features that can be difficult to find all in one property. Whether you're looking for room to entertain, space for hobbies, or extra storage, this property has plenty to offer. Conveniently located near shopping centers, RT 56 , RT 32 , and minutes away from the Worcester Airport .
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 1,932 sq ft principal dwelling). Lot size: 23,200 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First25 x 23
Flooring - Hardwood
Dining Room
Lvl First10 x 12
Ceiling Fan(s), Flooring - Hardwood, Exterior Access, Slider
Kitchen
Lvl First15 x 13
Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Dining Area
Master Bedroom
Lvl Second21 x 13
Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second17 x 11
Bedroom 3
Lvl Second13 x 10
Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Listing Agent: Robert Rose
Listing Office: 1 Worcester Homes
MLS® Number: 73568221
