311 Main St Leicester — Photo 1 of 29
Recent Drop: $40,100
$549,900
Investment Analysis — 311 Main St
Leicester, MA 01611 — Cherry Valley
Based on rent reported on the MLS listing, a 2-unit multi-family in 01611 carries $5,000/mo in gross rent — about a 7.43% cap rate and $40,834/yr in estimated NOI at the $549,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
2,582
Style
Multi Family
Built
1860
TWO LOTS. TWO BUILDINGS. Exceptional opportunity in desirable Cherry Valley! The property features a spacious two-family residence with generously sized units and rental income potential. The property was previously used as three units, offering potential for additional use, subject to buyer due diligence, zoning requirements, and municipal approvals. A second large barn/garage provides additional space for storage, parking, hobbies, or other uses. Expansive off-street parking and generous green space add to the property's versatility. Both parcels are included in the sale, offering the opportunity to acquire additional land and improvements in one transaction. The property is priced competitively and offers substantial potential for an investor, owner-occupant, or buyer seeking additional space and flexibility. Potential uses and development opportunities are subject to buyer due diligence, zoning requirements, and all applicable municipal approvals. Buyers are encouraged to independently verify property boundaries, permitted uses, rental potential, zoning, and other property details. Bring your vision and explore the possibilities this unique property has to offer!
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Public Transportation • Shopping • Pool • Park • Conservation Area • Private School
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Property History
$549,900
Was $559,900
Sep 9, 2026
MLS® 73563738
$559,900
Was $564,900
Sep 8, 2026
MLS® 73563738
$564,900
Was $574,900
Aug 26, 2026
MLS® 73563738
$574,900
Was $590,000
Aug 24, 2026
MLS® 73563738
$590,000
Aug 14, 2026
MLS® 73563738
Listing Agent: Kris Lippi
Listing Office: Get Listed Realty, LLC
MLS® Number: 73563738
