
311 Main St Leicester — Photo 1 of 28
$590,000
Leicester, MA 01611 — Cherry Valley
Beds
5
Baths
3
SqFt
2,582
Style
Multi Family
Built
1860
**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!
* Analysis is based on 19 actively listed and recently sold comparable properties strictly within Leicester, MA.
Range • Refrigerator
Public Transportation • Shopping • Pool • Park • Conservation Area • Private School
2,299
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$110K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
17.0%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Kris Lippi
Listing Office: Get Listed Realty, LLC
MLS® Number: 73563738
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