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    500 Main St Leicester, MA 01611

    For Sale
    $399,000

    Well-maintained three-unit building suitable for owner-occupancy or business.

    Lot size:
    0.54 Acres

    Property Features for 500 Main St

    General Information

    Lot size
    0.54 Acres

    Building Details

    Year built
    1836

    Source: ERA Key Realty Services- Spenc Agent Darlene Eager

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three-Unit Building in Business Zone

    This well-maintained three-unit building has been family-owned for years and is located in a business zone. The first floor is ideally set up for either owner occupancy or a business. The main floor requires some updating. The second floor features a one-bedroom unit and a studio apartment, both fully applianced. The property is currently generating good rental income. Structural damage has been found in the basement area, so the property is suitable for a contractor or cash buyer.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8848117
    Latitude
    42.2400053

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    FAQs

    What type of property is this?
    Triplex - Well-maintained three-unit building suitable for owner-occupancy or business.
    Where is this triplex located?
    The property is located at 500 Main St Leicester, MA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Three-unit building offers multiple income streams or owner-occupancy potential.; - Located in a business zone, suitable for residential or commercial use.; - Second floor features a **one-bedroom unit and a studio apartment, both fully applianced.**
    (508) 892-1510
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    500 Main St Leicester, MA 01611
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    Leicester, MA 01611
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Main St Leicester, MA 01611
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