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Attention investors! Exceptional opportunity to own a fully renovated three-family property in Cherry Valley. Extensively renovated in 2025, this property features major updates throughout, including new HVAC systems, electrical, plumbing, windows, siding, and a brand-new driveway completed approximately one month ago. All three units feature the same updated finishes and are currently rented, providing immediate rental income from day one.The property sits on an impressive 4.5-acre lot, offering plenty of space and potential for future expansion or additional development, subject to local zoning and approvals. With extensive improvements already completed, tenants in place, and additional land offering future possibilities, this is a great opportunity to add a multi-family property to your investment portfolio.Don't miss out schedule your showing today!OPEN HOUSE: Sunday, October 4 | 11:00 AM-12:30 PM

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Basic Information

  • Gross Income $87,400
  • Listing Terms Other (See Remarks)
  • Mls StatusNew
  • Parcel Number M:022 B:0000A12 L:0,1556894
  • Rent Includes Unit 1(Water), Unit 2(Other (See Remarks)), Unit 3(Other (See Remarks))

Tax Information

  • Tax Assessed Value $233,600
  • Tax Year 2025
  • Taxes$2,749

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Driveway
  • Parking Spaces9

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms12
  • Full Bath3

Basic Information

  • List Price$849,900
  • MLS Number73583575
  • Modification Date09/29/2026
  • Property SubType3 Family - 3 Units Up/Down

Location

  • Address50 Chapel Street
  • Building Number50
  • CountyWorcester
  • NeighborhoodCherry Valley
  • StateMA
  • StreetChapel Street
  • SubdivisionCherry Valley
  • TownLeicester
  • Zip01611

Building

  • BasementWalk-Out Access, Dirt Floor, Concrete, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 3
  • Rooms24
  • Stories3
  • Units3
  • Window Features Insulated Windows
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage4.5

Interior

  • Flooring Tile, Vinyl
  • Interior Features Laundry Room, Stone/Granite/Solid Counters, Bathroom With Tub, Kitchen, Living RM/Dining RM Combo

Exterior

  • RoofShingle

Utilities

  • Cooling Ductless
  • Cooling YN Yes
  • Electric Other (See Remarks)
  • Heat SystemYes
  • Heating Ductless, Electric
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,756
  • Lot Size Square Feet 196,024
  • Lot Size Units Acres
  • Square Feet3,756

Amenities

  • AmenitiesPublic Transportation, Laundromat, Public School
  • Appliances IncludedRange, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Other AmenitiesBasement, Waterfront, Water View

Water Body

  • WaterfrontYes
  • Waterfront Features Waterfront, Pond

Legal

  • ZoningR2

Other

  • Date Listed09/29/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Monique Oliveira of One Way Realty

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