2324 Main St Lancaster — Photo 1 of 36
$465,000
Investment Analysis — 2324 Main St
Lancaster, MA 01523
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01523 carries an estimated $4,260/mo in gross rent — about a 6.94% cap rate and $32,288/yr in estimated NOI at the $465,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,448
Style
Single Family
Built
1970
Drive through a long driveway to be welcomed by this well maintained home with a beautiful front porch in a convenient location. The property offers a spacious fenced front yard and ample back yard for all of your homesteading desires! Property features updated vinyl windows and siding, a 2025 water heater, and a handicap-accessible ramp. The interior is ready for some cosmetic updates, offering the opportunity to add modern finishes and personal touches while building equity from day one. With a functional layout, generous outdoor space, and convenient access to major commuting routes, this property offers plenty of potential for those looking to make a home their own in the sought after town of Lancaster.
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: 724 sq ft (the lesser of 900 sq ft or half the 1,448 sq ft principal dwelling). Lot size: 20,037 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 MLS and other third-party data may be inaccurate or out of date.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
Electric Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Highway Access • Public School
Geography
Listing Agent: Adrian Olivera
Listing Office: Keller Williams Realty North Central
MLS® Number: 73568735
