311 Main St, Leicester, MA 01611
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$574,900
2 Unit
5 Beds
3 Baths
2582 SQFT
0.24 Acre

Property Description

**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!

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Amenities: Conservation Area, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool
  • Basement Features: Concrete Floor, Full, Interior Access, Partially Finished, Sump Pump, Walk Out
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room, Office/Den, Sunroom
  • Common Interior Features: Bathroom With Tub & Shower, Bathroom with Shower Stall, Ceiling Fans, Pantry, Slider, Tile Floor, Upgraded Cabinets, Upgraded Countertops, Walk-Up Attic
  • Common Appliances: Range, Refrigerator, Washer Hookup
  • Common Heating: Electric, Electric Baseboard, Forced Air, Gas, Hot Air Gravity, Hot Water Baseboard, Oil, Radiant, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 60000
  • Net Operating Income: 60000

Utilities

  • Heat Zones: 4
  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: Washer Hookup, for Electric Dryer, for Electric Oven, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1860
  • Foundation Info: Concrete Block, Fieldstone
  • Flooring Type: Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73563738
  • Last Updated: 08/24/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/24/2026Price Change$574,900$223MLSPIN
08/18/2026Active$590,000$229MLSPIN
08/14/2026New$590,000$229MLSPIN

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Seller's Representative: Kris Lippi, Get Listed Realty, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-08-24 18:12:00

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