981 Main St

Executive Summary

981 Main Street sits right across from Leicester Town Hall, in the middle of the town's civic center. It's a 4,313 SF wood-frame building put up in 1840, on a 0.36-acre (15,681 SF) corner lot with 11 paved off-street spaces and an attached garage. Right now it runs as a rooming house: 8 bedrooms, 3 full baths, and 4 fireplaces over two floors. What makes this one worth a look is that the current owner already did the legwork with the town and mapped out an approvals path for a multifamily redevelopment. That's the part that usually eats months on an adaptive-reuse deal, and here a lot of that zoning guesswork is already off the table. The lot is zoned R2, and because it dates to 1840 it qualifies for historic tax credits, which can help cover renovation costs. City water and sewer are already at the site. You get a corner spot with real Main Street visibility and a three-minute drive to the Webster Square retail and dining hub. The 2025 assessed value is $544,800 against a $399,000 list price, so there's equity built in on day one. If you're after a Leicester multifamily building for sale or a historic redevelopment project in Worcester County, this is one to walk. Call us and we'll meet you there.