311 Main St, Leicester MA 01611
Leicester, MA 01611 • Cherry Valley
$590,000
$549,900
Est. $3,378/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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Open House Schedule
29
Sep
Tuesday, September 29
4:00 PM - 6:00 PM EDT
02
Oct
Friday, October 2
4:00 PM - 6:00 PM EDT
About this home
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!
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Recently Sold Nearby
Property History
Market Insights
4
Price Changes
6.8%
Price Range
Property Timeline
Price Reduced
Sep 9, 2026
$549,900
$10,000
(-1.79%)
From $559,900 to $549,900 (-1.8%)
Price Reduced
Sep 8, 2026
$559,900
$5,000
(-0.89%)
From $564,900 to $559,900 (-0.9%)
Price Reduced
Aug 26, 2026
$564,900
$10,000
(-1.74%)
From $574,900 to $564,900 (-1.7%)
Price Reduced
Aug 24, 2026
$574,900
$15,100
(-2.56%)
From $590,000 to $574,900 (-2.6%)
Showing Instructions Updated
Aug 15, 2026
New showing requirements
Listed for Sale
Aug 14, 2026
$590,000
Original listing
Agent: Kris Lippi
Office: Get Listed Realty, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/09/2026 | ↓ Price Reduced | $549,900 | $10,000 | - | From $559,900 to $549,900 (-1.8%) |
| 09/08/2026 | ↓ Price Reduced | $559,900 | $5,000 | - | From $564,900 to $559,900 (-0.9%) |
| 08/26/2026 | ↓ Price Reduced | $564,900 | $10,000 | - | From $574,900 to $564,900 (-1.7%) |
| 08/24/2026 | ↓ Price Reduced | $574,900 | $15,100 | - | From $590,000 to $574,900 (-2.6%) |
| 08/15/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 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 · N
Unit 2 Rent
$2,500/mo · N
Total Monthly Rent
$5,000/mo
Gross Income
$60,000
Net Operating Income
$60,000
Cap Rate
10.91%
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
Total market time (incl. prior listings)
30 days
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
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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
63 students
Moderate
Grades PK
C
Leicester Elementary School
1.7 mi
|
#621 of 825
|
Score: 39.7
Improved 7 spots from last year
-18.6 below state avg
450 students
Diverse
Grades K-04
Middle Schools
3 schools
B
Sullivan Middle School
0.8 mi
|
#156 of 352
|
Score: 44.0
Improved 29 spots from last year
-14.2 below state avg
954 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C+
Leicester Middle School
1.6 mi
|
#226 of 352
|
Score: 38.6
Improved 5 spots from last year
-19.6 below state avg
401 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
|
#169 of 346
|
Score: 54.3
Improved 64 spots from last year
-3.9 below state avg
1,770 students
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
|
#163 of 346
|
Score: 54.7
Dropped 3 spots from last year
-3.5 below state avg
409 students
Diverse
14 sports
• 674 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
C-
University Park Campus School
2.7 mi
|
#286 of 346
|
Score: 42.8
Dropped 9 spots from last year
-15.4 below state avg
224 students
Diverse
Early College Program
College Ready Curriculum
Grades 07-12
Learn about these ratings
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
Sep 13, 2026 4:05 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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