
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.
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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 MLS and other third-party data may be inaccurate or out of date.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
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Property History
$300,000
May 28, 2026
MLS® 73526148
$350,000
Oct 8, 2025
MLS® 73419867
$350,000
Aug 19, 2025
MLS® 73419867
$450,000
Nov 22, 2024
MLS® 73243969
$450,000
May 29, 2024
MLS® 73243969
Listing Agent: Joseph Abramoff
Listing Office: BA Property & Lifestyle Advisors
MLS® Number: 73526148