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5 Days on market

165 Peter Salem Rd Leicester — Photo 1 of 37

$399,900

Investment Analysis — 165 Peter Salem Rd

Leicester, MA 01524

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01524 carries an estimated $1,670/mo in gross rent — about a 2.76% cap rate and $11,053/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

925

Style

Single Family

Built

1960

~ Cute, comfortable and full of potential! ~ Welcome to 165 Peter Salem Road, an adorable ranch in Leicester, offering easy one-level living and a great fenced yard to enjoy ~ Step inside to a bright living room with hardwood floors and a spacious eat-in kitchen with ample cabinetry and room to gather ~ Two bedrooms, a full bath and a convenient laundry area complete the main level, while the full basement offers great storage and additional possibilities to finish ~ Outside, you'll love the generous yard with room to garden, entertain or simply relax, along with a rear deck, storage shed and detached garage ~ Whether you're just starting out or looking to downsize, this home's manageable layout and opportunity to add your own personal touches make it a great place to call home ~ Peaceful country road location, yet minutes to major routes and amenities ~ Come take a look this weekend! ~ Quick close possible! ~

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: 463 sq ft (the lesser of 900 sq ft or half the 925 sq ft principal dwelling). Lot size: 12,001 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.