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128 Baldwin Street Leicester — Photo 1 of 29

128 Baldwin Street Leicester — Photo 1 of 29

$599,900

Investment Analysis — 128 Baldwin Street

Leicester, MA 01524

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01524 carries an estimated $2,250/mo in gross rent — about a 2.41% cap rate and $14,462/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

3,463

Style

Single Family

Built

1996

Spacious living meets a peaceful rural setting in this expanded Farmers Porch Colonial with a 2-car garage, set on nearly an acre. The open first-floor plan features generous living space and a family room option with a cathedral ceiling and access to a multi-level deck overlooking the large, private backyard. The kitchen provides abundant storage, a breakfast peninsula, and a generous dining area open to a spacious living room. The first-floor primary suite offers convenient main-level living with a cathedral ceiling, private en suite bath, huge walk-in closet, and dressing area. Three spacious bedrooms are located on the second floor, including the original primary bedroom with a private bath and tiled shower. The lower level features an impressive recreation room plus plenty of storage. A newly installed fence creates the perfect setting for entertaining, relaxing, and outdoor enjoyment. The property also features a new 12' x 20' shed offering plenty of additional storage. Additional highlights include a high-efficiency Buderus boiler with BoilerMate, newer oil tank, and generator hookup. A spacious and versatile home with exceptional outdoor space, privacy, and a beautiful level lot!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,463 sq ft principal dwelling). Lot size: 40,249 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$599,900
Annual Taxes$6,058

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Vinyl / VCT, Carpet, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
BasementFull, Partially Finished, Interior Entry, Garage Access, Concrete

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRES

Property & Lot

Acres0.92
SqFt Lot40,249
Lot Features--

Amenities & Appliances

Water Heater • Range • Dishwasher • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • House of Worship • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3Bedroom 4Bathroom 3
First
Living RoomDining RoomKitchenBathroom 2
Main,First
Family RoomPrimary BedroomBathroom 1
Living Room
Lvl First

Flooring - Laminate

Dining Room
Lvl First

Flooring - Laminate

Kitchen
Lvl First

Flooring - Laminate, Countertops - Upgraded, Breakfast Bar / Nook, Open Floorplan, Lighting - Overhead

Family Room
Lvl Main,First

Cathedral Ceiling(s), Flooring - Laminate, Exterior Access, Recessed Lighting

Primary Bedroom
Lvl Main,First

Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Flooring - Vinyl, Window Seat

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Main,First

Bathroom - Full, Bathroom - With Shower Stall, Cathedral Ceiling(s), Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

Bathroom - Half, Pedestal Sink

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Jason Tominsky

Listing Office: Afonso Real Estate

MLS® Number: 73580662