Active
87 Days on market
307 Main St Lancaster — Photo 1 of 23

307 Main St Lancaster — Photo 1 of 23

Recent Drop: $25,000

$700,000
$675,000

$675,000

Investment Analysis — 307 Main St

Lancaster, MA 01523

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01523 carries an estimated $3,800/mo in gross rent — about a 3.73% cap rate and $25,178/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

2,204

Style

Single Family

Built

1888

Bordering the scenic grounds of the former Atlantic Union College campus, this property delivers quintessential New England beauty without the maintenance burden of a vintage home. The airy main level is anchored by nine-foot ceilings and rich wood flooring. The kitchen is designed for seamless entertaining, equipped with a sprawling prep island, premium stone countertops, and high-end stainless steel appliances. Retreat to the primary suite, which feature heated bathroom flooring and a private covered balcony perfect for quiet mornings. Two additional bedrooms share a pristine, fully tiled second bath, while a walk-up attic and full basement provide substantial storage capacity.Every critical system was entirely overhauled in 2021—including a high-efficiency boiler, updated plumbing, a 200-amp electrical panel, a new roof, premium windows, and low-maintenance siding. Outside, the classic wraparound porch and expansive 12x24 composite deck look out over a peaceful half-acre lawn.

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 2,204 sq ft principal dwelling). Lot size: 22,651 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

Original Price$700,000
Annual Taxes$9,478

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms7
FireplacesNone
FlooringTile, Hardwood, Flooring - Hardwood
BasementFull

Climate & Utilities

HeatingBaseboard, Natural Gas, Propane
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRES

Property & Lot

Acres0.52
SqFt Lot22,651
Lot FeaturesLevel

Amenities & Appliances

Tankless Water Heater • Range • Dishwasher • Refrigerator

Neighborhood

Shopping • Park • Walk/Jog Trails • Conservation Area • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 3Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenOfficeBedroom 2Bathroom 1
Living Room
Lvl First

18 x 18

Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

13 x 15

Flooring - Hardwood, French Doors, Deck - Exterior, Recessed Lighting

Kitchen
Lvl First

14 x 16

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Lighting - Pendant

Office
Lvl First

9 x 14

Flooring - Hardwood, Open Floor Plan, Recessed Lighting

Master Bedroom
Lvl Second

14 x 19

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Balcony - Exterior, Recessed Lighting

Bedroom 2
Lvl First

13 x 15

Bedroom 3
Lvl Second

10 x 12

Closet, Lighting - Overhead

Bathroom 1
Lvl First

5 x 6

Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Bathroom 2
Lvl Second

8 x 8

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Lighting - Overhead

Bathroom 3
Lvl Second

7 x 11

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Attic Access, Lighting - Overhead

Property History

Price Drop
$675,000

Was $700,000

Jul 30, 2026

MLS® 73537309

Listed
$700,000

Jun 17, 2026

MLS® 73537309

Listing Provided By

Listing Agent: Annette Reynolds

Listing Office: eXp Realty

MLS® Number: 73537309