Investment Analysis — 226 Pine St

Leicester, MA 01524

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 1-bedroom in 01524 carries an estimated $1,300/mo in gross rent — about a 3.13% cap rate and $9,375/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

752

Style

Single Family

Built

1928

Privacy & Serene. Set High on a hill with approx 1/2 acre cleared and the additional 3+/- Acres of woods including a river which runs trhough the land. This 1 bedroom home has additional space on the 2nd level with possibilities of expansion. Recent Roof within 6 years. Great place for single person looking for a smaller home. Or, Great home to start off in. Build Equity. Access the additional 3+/- acres and imagine the possibilities. 2 car garage/storage has a dirt floor. Additional Pellet Stove Heat Source. Wood burning stove in basement has not been used by this owner.

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: 376 sq ft (the lesser of 900 sq ft or half the 752 sq ft principal dwelling). Lot size: 141,574 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 MLS and other third-party data may be inaccurate or out of date.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.

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