993 Main St

Executive Summary

A historic multifamily property for sale in Leicester, Massachusetts, sitting right on Route 9 for commuters. It's a 4,404 SF three-story masonry building that dates to 1822, on 1.19 acres, and it still throws off rental income. You don't find that kind of age and construction with a working rent roll very often. The Main Street (Route 9) address puts tenants six miles east of Worcester and a straight shot to I-90 and the Massachusetts Turnpike. There are four parking spaces. Leicester High School is close by, which brings in family renters, and WRTA bus service ties residents into the Worcester job market. Estimated rents run $11.64 to $14.22 per square foot. Zoning is R2 residential, so it stays multifamily. If you're looking at an apartment building for sale in Leicester MA with real history and a steady rental market, this one's worth a look.