981 Main St Leicester, MA 01524

Building Details

Year Built

1840

Listing agency Lock and Key Realty Inc. Show Phone

Listed by Patriot Living Group Show Phone

Source Janicemitchellre

Added: Jun 3 Updated: Jul 22 at 6:22PM Checked: Jul 22 at 6:22PM

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Investment Insights

Based on property information with market context.

This historic multifamily property at 981 Main St was built in 1840 and offers a development plan for converting the building into a cash-flowing investment. The current developer has been working with the town on a conversion to 8 units that includes off-street parking, with the property set up to move into the permitting process.

The seller notes that the project may qualify for Historic Tax Credits. Site improvements include 17 parking spots approved, and asbestos remediation has been completed.

Overall, the asset presents an active conversion pathway supported by town coordination, completed remediation, and an identified unit-and-parking plan.

Key Highlights

• Built in 1840, this multifamily property at 981 Main St includes a town‑reviewed plan to convert to 8 units
• Conversion plan includes off‑street parking
• 17 parking spots are approved for the project

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FAQs

What type of property is this?

Apartment building - Built in 1840, this multifamily building has a town-reviewed plan for conversion to 8 units with off-street parking.

Where is this apartment building located?

The property is located at 981 Main St Leicester, MA.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Built in 1840, this multifamily property at 981 Main St includes a town‑reviewed plan to convert to 8 units; Conversion plan includes off‑street parking; 17 parking spots are approved for the project