Active
108 Days on market
1561 Main St Leicester — Photo 1 of 2

1561 Main St Leicester — Photo 1 of 2

$300,000

Investment Analysis — 1561 Main St

Leicester, MA 01524

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01524 carries an estimated $1,290/mo in gross rent — about a 3.60% cap rate and $10,801/yr in estimated NOI at the $300,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

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Baths

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SqFt

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Style

Commercial

Built

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Motivated sellers. 4.34 acre site available for development on Route 9, eastbound lane. Abutting, additional 4.34 acre site also available. Zone HB-1 (Highway Business 1) permitting most retail, office and industrial uses. Approx 244 ft of frontage and lot extends 840 back from road. Approx 950 ft to entrance of Walmart. Approx 17,488 cars pass by daily.

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$300,000
Annual Taxes$964

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerNearby

Building & Exterior

Construction--
Roof--
Foundation--
ZoningHB1

Property & Lot

Acres4.34
SqFt Lot189,009
Lot FeaturesWooded

Neighborhood

Public Transportation

Geography

Property History

Listed
$300,000

May 28, 2026

MLS® 73526148

Expired
$350,000

Oct 8, 2025

MLS® 73419867

Listed
$350,000

Aug 19, 2025

MLS® 73419867

Expired
$450,000

Nov 22, 2024

MLS® 73243969

Listed
$450,000

May 29, 2024

MLS® 73243969

Listing Provided By

Listing Agent: Joseph Abramoff

Listing Office: BA Property & Lifestyle Advisors

MLS® Number: 73526148