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.

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Basic Information

Bedrooms5
Mls StatusNew
Bathroom3
Listing Terms Contract
Lot Features Corner Lot, Cleared, Level
Parcel Number M:20C B:0000A13 L:0,1558407

Tax Information

Tax Year 2025
Taxes$5,785

Parking

Parking Spaces19
Covered Spaces 2
Garage YN Yes
Parking Features Attached

Rooms

Bathrooms Total Decimal 3
Full Bath3

Basic Information

List Price$399,900
MLS Number73544035
Modification Date07/02/2026
Property SubTypeSingle Family Residence

Location

Address981 Main Street
Building Number981
CountyWorcester
StateMA
StreetMain Street
TownLeicester
Zip01524

Building

Attached Garage YN Yes
Building Area Units Square Feet
Construction Materials Frame
FireplaceYes
Fireplaces Total 4
FoundationBrick/Mortar
Garage Spaces2
Patio And Porch Features Covered
Property StyleColonial
Rooms12
Year Built1840
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.36

Exterior

Exterior Features Covered Patio/Deck, Rain Gutters
RoofShingle

Utilities

Heat SystemYes
Heating Steam, Oil
Sewer Public Sewer
Water Source Public

Property Information

Square Feet4,313
Building Area Source Public Records
Living Area 4,313
Lot Size Square Feet 15,855
Lot Size Units Acres

Amenities

AmenitiesPublic Transportation, Laundromat, Highway Access, House of Worship, Public School

Legal

ZoningR2

Other

Date Listed07/01/2026
Farm Land Area Units Square Feet

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Newton, MA

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Newton, MA