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**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!

More Info

Basic Information

  • Gross Income $60,000
  • Lot Features Sloped
  • Mls StatusNew
  • Parcel Number M:23D B:00000B9 L:0,1559030
  • Rent Includes Unit 1(Heat, Water), Unit 2(Heat)

Tax Information

  • Tax Assessed Value $429,800
  • Tax Year 2026
  • Taxes$4,766

School Information

  • Elementary SchoolLeicester
  • High SchoolLeicester
  • High School Leicester
  • Junior HighLeicester

Parking

  • Covered Spaces 1
  • Garage YN Yes
  • Parking Spaces8

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms5
  • Full Bath3

Basic Information

  • List Price$590,000
  • MLS Number73563738
  • Modification Date08/15/2026
  • Property SubTypeMulti Family

Location

  • Address311 Main Street
  • Building Number311
  • CountyWorcester
  • NeighborhoodCherry Valley
  • StateMA
  • StreetMain Street
  • SubdivisionCherry Valley
  • TownLeicester
  • Zip01611

Building

  • Basement
    • Concrete
    • Full
    • Interior Entry
    • Partially Finished
    • Sump Pump
    • Walk-Out Access
  • Building Area Units Square Feet
  • FoundationBlock, Stone
  • Garage Spaces1
  • Levels 2
  • Rooms15
  • Stories2
  • Units2
  • Utilities For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup
  • Year Built1860
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.24
  • Frontage Length 100

Interior

  • Flooring Tile
  • Interior Features
    • Bathroom With Tub & Shower
    • Bathroom with Shower Stall
    • Ceiling Fan(s)
    • Dining Room
    • Family Room
    • Kitchen
    • Laundry Room
    • Living Room
    • Office/Den
    • Pantry
    • Slider
    • Sunroom
    • Upgraded Cabinets
    • Upgraded Countertops
    • Walk-Up Attic

Exterior

  • Exterior Features Balcony/Deck

Utilities

  • Electric Circuit Breakers
  • Heat SystemYes
  • Heating Oil, Baseboard, Electric
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 2,582
  • Lot Size Square Feet 10,634
  • Lot Size Units Acres
  • Square Feet2,582

Amenities

  • Amenities
    • Conservation Area
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
  • Appliances IncludedRange, Refrigerator
  • Other AmenitiesBasement

Other

  • Date Listed08/14/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Kris Lippi of Get Listed Realty,LLC

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