12 South Street Leicester — Photo 1 of 32
$299,000
Investment Analysis — 12 South Street
Leicester, MA 01611 — Cherry Valley
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01611 carries an estimated $1,670/mo in gross rent — about a 3.87% cap rate and $11,585/yr in estimated NOI at the $299,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,080
Style
Single Family
Built
1922
Welcome to 12 South St, a comfortable living space, and a generous lot nestled on a quiet dead-end street in Cherry Valley. Offering 2 bedrooms, 1 full bath, and approximately 1,080 square feet of living space, this charming property features a comfortable floor plan and inviting spaces throughout. Hardwood floors bring warmth and character to the living room and bedrooms, while ceramic tile flooring provides easy maintenance in the kitchen, bathroom. The bonus room accented by knotty pine walls and ceiling offers additional living space with flexibility for a home office, den, or hobby space. Set on nearly half an acre, the property offers a yard to enjoy the outdoors. A shaded deck provides a relaxing spot for morning coffee, outdoor dining, or gathering with family and friends. Off-street parking adds to the home's everyday convenience. Located in residential neighborhood with convenient access to area amenities and major routes. Come see what this Cherry Valley home has to offer!
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: 540 sq ft (the lesser of 900 sq ft or half the 1,080 sq ft principal dwelling). Lot size: 18,750 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.
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Range • Refrigerator • Washer • Dryer
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Public Transportation • Shopping • Golf • Medical Facility • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 14
Flooring - Hardwood
Kitchen
Lvl First14 x 13
Flooring - Stone/Ceramic Tile, Pantry
Master Bedroom
Lvl Second29 x 10
Flooring - Hardwood
Bedroom 2
Lvl First8 x 10
Bathroom 1
Lvl FirstListing Agent: Stacy Corrigan
Listing Office: Real Broker MA, LLC
MLS® Number: 73572874
