307 Main St Lancaster — Photo 1 of 23
Recent Drop: $25,000
$675,000
Investment Analysis — 307 Main St
Lancaster, MA 01523
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01523 carries an estimated $3,800/mo in gross rent — about a 3.73% cap rate and $25,178/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,204
Style
Single Family
Built
1888
Bordering the scenic grounds of the former Atlantic Union College campus, this property delivers quintessential New England beauty without the maintenance burden of a vintage home. The airy main level is anchored by nine-foot ceilings and rich wood flooring. The kitchen is designed for seamless entertaining, equipped with a sprawling prep island, premium stone countertops, and high-end stainless steel appliances. Retreat to the primary suite, which feature heated bathroom flooring and a private covered balcony perfect for quiet mornings. Two additional bedrooms share a pristine, fully tiled second bath, while a walk-up attic and full basement provide substantial storage capacity.Every critical system was entirely overhauled in 2021—including a high-efficiency boiler, updated plumbing, a 200-amp electrical panel, a new roof, premium windows, and low-maintenance siding. Outside, the classic wraparound porch and expansive 12x24 composite deck look out over a peaceful half-acre lawn.
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 2,204 sq ft principal dwelling). Lot size: 22,651 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
Tankless Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Shopping • Park • Walk/Jog Trails • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 18
Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting
Dining Room
Lvl First13 x 15
Flooring - Hardwood, French Doors, Deck - Exterior, Recessed Lighting
Kitchen
Lvl First14 x 16
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Lighting - Pendant
Office
Lvl First9 x 14
Flooring - Hardwood, Open Floor Plan, Recessed Lighting
Master Bedroom
Lvl Second14 x 19
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Balcony - Exterior, Recessed Lighting
Bedroom 2
Lvl First13 x 15
Bedroom 3
Lvl Second10 x 12
Closet, Lighting - Overhead
Bathroom 1
Lvl First5 x 6
Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Bathroom 2
Lvl Second8 x 8
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Lighting - Overhead
Bathroom 3
Lvl Second7 x 11
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Attic Access, Lighting - Overhead
Property History
$675,000
Was $700,000
Jul 30, 2026
MLS® 73537309
$700,000
Jun 17, 2026
MLS® 73537309
Listing Agent: Annette Reynolds
Listing Office: eXp Realty
MLS® Number: 73537309
