7 Leela Lane Leicester — Photo 1 of 40
$579,900
Investment Analysis — 7 Leela Lane
Leicester, MA 01542
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01542 carries an estimated $2,690/mo in gross rent — about a 3.34% cap rate and $19,371/yr in estimated NOI at the $579,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,806
Style
Single Family
Built
1992
Looking for a truly MOVE IN READY home? Look no further - this beautiful Colonial Saltbox has everything - Sellers have done just about everything from the exterior to the interior! Enjoy the private location with lush green all around and great curb appeal. The interior functions well for entertaining & relaxing with a large Fireplaced Living Room w/vaulted ceiling that flows into the Dining Room and then into the Updated Kitchen w/tile floors, upgraded counters and tile backsplash. The first floor bedroom (currently used as an office), full updated bath and separate laundry area complete the main level. The second floor is comprised of a primary bedroom, additional bedroom, updated full bath and closets. More space down below in the lower level that was done with modern choices of laminate and decor - great for guests, teen space, exercise, craft or additional office. The backyard provides a wonderful deck, hot tub and grassy area all bordered by trees. New Septic to be installed! Make your appointment today.
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 2,806 sq ft principal dwelling). Lot size: 54,014 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
Water Heater • Range • Microwave • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstVaulted Ceiling(s), Flooring - Hardwood, Flooring - Wall to Wall Carpet, Slider
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstCeiling Fan(s), Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Remodeled
Master Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBedroom 3
Lvl SecondCeiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Karen Russo
Listing Office: Coldwell Banker Realty - Worcester
MLS® Number: 73557671
