31 Winslow Ave Leicester — Photo 1 of 18
$249,800
Investment Analysis — 31 Winslow Ave
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 6.41% cap rate and $16,014/yr in estimated NOI at the $249,800 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,150
Style
Single Family
Built
1953
Highest and best buy August 26, 2026 at 5 pm Attention!! contractors, investors, and weekend warriors! Here's your opportunity to own an affordably priced three-bedroom home in a desirable, walkable neighborhood close to schools, the Senior Center, and local amenities. While the property requires renovations and updates, it offers tremendous potential for the right buyer willing to put in the work. With vision and effort, this home can be transformed into a wonderful residence or investment property. Conveniently connected to town water and sewer, the home is located on a public roadway and is built on a slab foundation, eliminating concerns about a wet basement. The lot is level at the street and gently slopes toward the rear. Clearing back some of the overgrowth will reveal a manageable yard with plenty of usable outdoor space. Buyers are encouraged to explore renovation financing options, including FHA 203(k) rehabilitation loans and other rehab financing programs available through participating lenders. Please note that the property will not qualify for traditional FHA or VA financing in its current as-is condition. Don't miss this chance to build equity and unlock this home's potential. Contact your Realtor today to schedule a showing and learn more about this exciting opportunity.
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: 575 sq ft (the lesser of 900 sq ft or half the 1,150 sq ft principal dwelling). Lot size: 9,457 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
Neighborhood
Shopping • Park • Walk/Jog Trails • Conservation Area • House of Worship • Public School
Geography
Listing Agent: Dan Robertson
Listing Office: Coldwell Banker Realty - Worcester
MLS® Number: 73566870
