311 Main St, Leicester MA 01611
Leicester, MA 01611 • Cherry Valley
$590,000
Est. $3,581/month
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About this home
**TWO LOTS. TWO BUILDINGS. EXCEPTIONAL OPPORTUNITY IN DESIRABLE CHERRY VALLEY!** This unique property offers space, versatility, and excellent potential for an investor, owner-occupant, or buyer seeking additional room and future possibilities.The main property features a spacious two-family residence with generously sized units and strong rental income potential. The property was previously used as three units, offering additional flexibility for the new owner, subject to applicable approvals and buyer due diligence.A second large barn/garage provides valuable additional space for storage, parking, hobbies, or other potential uses. The expansive parking area offers plenty of off-street parking, while the generous green space behind the home provides room to enjoy the outdoors.**Both parcels are included in the sale**, creating a rare opportunity to acquire additional land and improvements in one transaction. The property is priced approximately **$80,000 below the estimated combined value of both parcels**, presenting an attractive opportunity for buyers looking for value and long-term potential.Conveniently located in desirable Cherry Valley, this property offers the combination of residential space, additional structures, land, parking, and flexibility that is increasingly difficult to find.Potential additional uses may be possible, subject to buyer due diligence, zoning requirements, and municipal approvals. Bring your vision and explore the possibilities this property has to offer!
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 14, 2026
$590,000
Original listing
Agent: Kris Lippi
Office: Get Listed Realty, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/14/2026 | 🏠 Listed for Sale | $590,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $4,766 | $429,800 |
Financial Details
Annual Property Tax
$4,766
Tax Year 2026
Assessed Value
$429,800
Facts & Features
1 Car Garage
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1860
Living Area
2,582 sq ft
Lot Size
0.24 acres
Stories
2
Bedrooms
5
Full Baths
3
Total Rooms
15
Investment Metrics
Units
2
Unit 1 Rent
$2,500/mo · Y
Unit 2 Rent
$2,500/mo · N
Total Monthly Rent
$5,000/mo
Gross Income
$60,000
Net Operating Income
$60,000
Cap Rate
10.17%
Interior
Heating
Oil, Baseboard, Electric
Cooling
None
Flooring
Tile
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Partially Finished, Walk-out Access, Interior Entry, Sump Pump, Concrete
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Laundry Room, Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Slider, Walk-up Attic, Upgraded Cabinets, Upgraded Countertops, Bathroom With Shower Stall, Living Room, Dining Room, Kitchen, Family Room, Office/den, Sunroom
Exterior
Construction
None
Architecture
None
Roof
None
Features
Balcony/deck
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
1
Has Garage
Yes
Features
None
Total Spaces
8
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$4,766
Assessed Value
$429,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1860
Bedrooms
5
Full Bathrooms
3
Living Area
2,582 sq ft
Total Rooms
15
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,582 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile
Appliances:
Range, Refrigerator
Interior Features:
Laundry Room, Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Slider, Walk-Up Attic, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Family Room, Office/Den, Sunroom
Windows:
Basement:
Full, Partially Finished, Walk-Out Access, Interior Entry, Sump Pump, Concrete
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1860
Structure Type:
Exterior Materials:
Roof:
Foundation:
Block, Stone
Stories:
2
Heating, Cooling & Utilities
Heating:
Oil, Baseboard, Electric
Heating Zones:
4
Cooling:
None
Hot Water:
Oil
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Sloped
Road Frontage:
100.00 ft
Road Surface:
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
8
Parking Features:
Nearby Schools
School District
Leicester School District local
C-
School Safety
2024-25
4.7%
Above Average
3.3%
Suspensions
3.3%
In-School
1.4%
Emergency
0.8% below state avg
Elementary Schools
3 schools
McAuley Nazareth School
1.3 mi
Grades K-08
Leicester Integrated Preschool
1.6 mi
45 students
Diverse
Grades PK
C
Leicester Elementary School
1.7 mi
|
#626 of 824
|
Score: 39.4
Improved 2 spots from last year
-18.8 below state avg
467 students
Diverse
Grades K-04
Middle Schools
3 schools
B
Sullivan Middle School
0.8 mi
|
#157 of 352
|
Score: 43.9
Improved 28 spots from last year
-14.3 below state avg
940 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C+
Leicester Middle School
1.6 mi
|
#227 of 352
|
Score: 38.5
Improved 4 spots from last year
-19.7 below state avg
394 students
Diverse
Grades 05-08
Worcester SDA School
2.5 mi
Grades 01-08
High Schools
3 schools
B
South High Community School
0.7 mi
|
#168 of 346
|
Score: 53.6
Improved 65 spots from last year
-4.6 below state avg
1,800 students
Very Diverse
19 sports
• 1,056 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
B
Leicester High School
1.4 mi
|
#161 of 346
|
Score: 54.0
Dropped 1 spots from last year
-4.2 below state avg
388 students
Diverse
14 sports
• 674 athletes
Strong AP Program
Career Tech Programs
College Ready Curriculum
Grades 09-12
C-
University Park Campus School
2.7 mi
|
#290 of 346
|
Score: 41.4
Dropped 13 spots from last year
-16.8 below state avg
233 students
Diverse
Early College Program
High Graduation Rate
College Ready Curriculum
Strong Attendance
Grades 07-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$397
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Cherry Valley
311 Main St, Leicester MA 01611
Leicester, MA 01611
Listing Information
Listing Agent
Kris Lippi
Listing Office
Get Listed Realty, LLC
Office Phone
860-595-2506
Agent MLS ID
CN225509
Office MLS ID
AN4039
Listing Data Updated
Aug 14, 2026 9:42 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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