
306 Leominster Road Sterling — Photo 1 of 37
$500,000
Investment Analysis — 306 Leominster Road
Sterling, MA 01564
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01564 carries an estimated $2,870/mo in gross rent — about a 4.26% cap rate and $21,293/yr in estimated NOI at the $500,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
3,287
Style
Single Family
Built
1957
Welcome to a home where charm, character, space and endless possibilities come together! Nestled in the desirable town of Sterling, this special 4 bedroom, 3 bath home offers a wonderful blend of privacy and convenience, set among mature trees and beautiful wooded surroundings while remaining just minutes from Route 190, 290 and major routes. From the moment you step inside, you'll notice the character that makes this home truly unique. Dramatic wood-beamed ceilings, gorgeous wood floors and beautiful stone fireplaces create warmth and personality throughout. The main level offers a freshly painted kitchen with newer appliances, an elegant dining room and two inviting living spaces-one centered around a stunning stone fireplace and the other a bright, light-filled sunroom surrounded by windows. Three bedrooms & full bath with laundry complete the first floor. Upstairs, the spacious fourth bedroom offers its own private bath and an abundance of storage, creating a wonderful private retreat for guests, a home office, or anyone looking for a little extra space and privacy. And then there's the lower level-a truly special bonus space with so much potential. Multiple rooms, a second gorgeous stone fireplace, a dedicated workshop and an incredible amount of closet and storage space provide room to create whatever works best for you. Imagine a recreation room, movie room, home gym, office, hobby space, additional living area or possible in-law set-up-the possibilities are endless.Outside, enjoy the privacy of a large, tree-lined backyard, established flower beds, two driveways and plenty of parking. A newer septic system adds valuable peace of mind. This is a home with character you simply don't find every day, offering beautiful natural surroundings, generous space, incredible storage and a layout full of possibilities, all in a desirable Sterling location. This is a must-see in person! Open House 10/4 11am-1pm!
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 3,287 sq ft principal dwelling). Lot size: 46,609 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.
Immersive Experience
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Dishwasher • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Washer
Neighborhood
Shopping • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 20
Flooring - Hardwood, Window(s) - Picture, Recessed Lighting
Dining Room
Lvl First19 x 14
Coffered Ceiling(s), Flooring - Vinyl, Window(s) - Picture, Recessed Lighting
Kitchen
Lvl First17 x 17
Flooring - Stone/Ceramic Tile, Kitchen Island, Breakfast Bar / Nook, Recessed Lighting, Stainless Steel Appliances
Family Room
Lvl First15 x 23
Flooring - Laminate, Exterior Access
Primary Bedroom
Lvl First16 x 12
Cedar Closet(s), Flooring - Wall to Wall Carpet, Recessed Lighting
Bedroom 2
Lvl First11 x 12
Bedroom 3
Lvl First12 x 16
Walk-In Closet(s), Cedar Closet(s), Flooring - Wall to Wall Carpet, Recessed Lighting
Bedroom 4
Lvl Second13 x 16
Closet, Flooring - Laminate
Bathroom 1
Lvl First9 x 12
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl Basement8 x 7
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Second8 x 5
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall
Listing Agent: Julie Lavoie
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73585189








