82 Waite Street Leicester — Photo 1 of 30
$365,000
Investment Analysis — 82 Waite Street
Leicester, MA 01524
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01524 carries an estimated $1,670/mo in gross rent — about a 3.25% cap rate and $11,856/yr in estimated NOI at the $365,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,165
Style
Single Family
Built
1920
Welcome to this charming bungalow-style ranch offering easy onelevel living on 1.21 acres with beautiful year-round water views of Waite Pond. The open-concept kitchen and dining area create a comfortable space for everyday living and entertaining. Recent updates include a remodeled bathroom, new flooring, new appliances, and fresh paint throughout, making this home move-in ready. Featuring 2 bedrooms and 1 full bath, this property offers a great combination of privacy, updates, and scenic surroundings—all for under $400,000. A wonderful opportunity to enjoy peaceful living with water views without breaking the bank!
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: 583 sq ft (the lesser of 900 sq ft or half the 1,165 sq ft principal dwelling). Lot size: 52,707 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 MLS and other third-party data may be inaccurate or out of date.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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First13.5 x 14
Flooring - Hardwood, Flooring - Wood, Window(s) - Bay/Bow/Box, Window(s) - Picture, Cable Hookup, High Speed Internet Hookup, Lighting - Pendant
Dining Room
Lvl Main,First12 x 14
Ceiling Fan(s), Flooring - Vinyl, Cable Hookup, High Speed Internet Hookup, Open Floorplan, Lighting - Overhead
Kitchen
Lvl Main,First11.5 x 8.25
Flooring - Vinyl, Window(s) - Picture, Countertops - Paper Based, Cable Hookup, Exterior Access, High Speed Internet Hookup, Open Floorplan, Stainless Steel Appliances, Lighting - Overhead
Family Room
Lvl Main,First26 x 8
Flooring - Vinyl, Window(s) - Picture, Cable Hookup, Exterior Access, High Speed Internet Hookup, Open Floorplan, Lighting - Overhead
Primary Bedroom
Lvl Main,First15 x 10.5
Ceiling Fan(s), Closet, Flooring - Hardwood, Window(s) - Picture, Cable Hookup, High Speed Internet Hookup, Lighting - Overhead
Bedroom 2
Lvl Main,First17 x 9
Bathroom 1
Lvl Main,First12 x 5.5
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Vinyl, Window(s) - Picture, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Remodeled, Lighting - Overhead
Listing Agent: Michael Nugent
Listing Office: RE/MAX Prof Associates
MLS® Number: 73575366
