Active
26 Days on market
311 Main St Leicester — Photo 1 of 29

311 Main St Leicester — Photo 1 of 29

Recent Drop: $30,100

$590,000
$559,900

$559,900

311 Main St, Leicester, MA 01611

Leicester, MA 01611 — Cherry Valley

Beds

5

Baths

3

SqFt

2,582

Style

Multi Family

Built

1860

$5,000 BUYER CLOSING-COST CREDIT with an acceptable offer resulting in the property being under agreement by September 15, 2026!**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!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$217/sqft
Local Avg (Leicester)$275/sqft
21% BelowMarket Average

* Analysis is based on 19 actively listed and recently sold comparable properties strictly within Leicester, MA.

Property Details

Financials

Original Price$590,000
Annual Taxes$4,766

Parking

Garage1
Off-Street8

Interior Specifications

Total Rooms15
FireplacesNone
FlooringTile
BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Sump Pump, Concrete

Climate & Utilities

HeatingOil, Baseboard, Electric
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock, Stone
ZoningB

Property & Lot

Acres0.24
SqFt Lot10,634
Lot FeaturesSloped

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Park • Conservation Area • Private School

Geography

Property History

Price Drop
$559,900

Was $564,900

Sep 8, 2026

MLS® 73563738

Price Drop
$564,900

Was $574,900

Aug 26, 2026

MLS® 73563738

Price Drop
$574,900

Was $590,000

Aug 24, 2026

MLS® 73563738

Listed
$590,000

Aug 14, 2026

MLS® 73563738

Population

2,299

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$110K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

17.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Kris Lippi

Listing Office: Get Listed Realty, LLC

MLS® Number: 73563738

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