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Maggie Li

I'm Maggie Li, a Newton, MA real estate agent serving first-time buyers, luxury clients and sellers across Greater Boston in English & Mandarin. Let's find your home.

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  • 1229 Centre Street, Newton Centre, MA, USA
  • (774) 222-0952
  • lyx0402@gmail.com

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William Raveis

© 2026 Maggie Li. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 311 Main St, Leicester, MA 01611
Active
6 Days on market
311 Main St Leicester — Photo 1 of 28

311 Main St Leicester — Photo 1 of 28

$590,000

311 Main St, Leicester, MA 01611

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!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$229/sqft
Local Avg (Leicester)$262/sqft
13% BelowMarket Average

* Analysis is based on 19 actively listed and recently sold comparable properties strictly within Leicester, MA.

Property Details

Financials

Original Price$590,000
Annual Taxes$4,766

Parking

Garage1
Off-Street8

Interior Specifications

Total Rooms15
FireplacesNone
FlooringTile
BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Sump Pump, Concrete

Climate & Utilities

HeatingOil, Baseboard, Electric
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock, Stone
ZoningB

Property & Lot

Acres0.24
SqFt Lot10,634
Lot FeaturesSloped

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Park • Conservation Area • Private School

Geography

Population

2,299

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$110K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

17.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

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)

Full Leicester, MA market report ZIP 01611 market data
Listing Provided By

Listing Agent: Kris Lippi

Listing Office: Get Listed Realty, LLC

MLS® Number: 73563738

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