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Discover the possibilities at 981 Main St in Leicester. Built in 1840, this distinctive multi-family property blends timeless character with exceptional space and investment potential. Offering the development plan for converting this building to a cash flowing investment. The current developer has been working with the town regarding a conversion to 8 units with off street parking, presenting a rare value-add opportunity for investors and developers alike. Adding to its appeal, the property may qualify for Historic Tax Credits, creating additional upside for redevelopment and restoration. Rich with historic charm and future potential, this is a unique opportunity to reimagine a landmark property in the heart of Leicester. This town abuts Worcester and is primed for development. Property has 17 parking spots approved, asbestos remediation complete. This set up is near ready for the permitting process. Schedule your showing today.

More Info

Basic Information

  • Gross Income $145,200
  • Mls StatusNew
  • Parcel Number M:20C B:0000A13 L:0,1558407

Tax Information

  • Tax Year 2025
  • Taxes$5,785

Basic Information

  • List Price$499,900
  • MLS Number73522856
  • Modification Date05/22/2026

Location

  • Address981 Main Street
  • Building Number981
  • CountyWorcester
  • StateMA
  • StreetMain Street
  • TownLeicester
  • Zip01524

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available
  • Year Built1840

Property

  • Acreage0.36

Exterior

  • RoofShingle

Property Information

  • Lot Size Square Feet 15,878
  • Lot Size Units Acres

Legal

  • ZoningR2
  • Zoning Description Legal Non-Conforming

Other

  • Date Listed05/22/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Patriot Living Group of Lock and Key Realty Inc.

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