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2 Days on market
312 Pleasant St Leicester — Photo 1 of 42

312 Pleasant St Leicester — Photo 1 of 42

$699,900

Investment Analysis — 312 Pleasant St

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 1.46% cap rate and $10,201/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,650

Style

Single Family

Built

2025

Once-in-a-lifetime opportunities like this don’t come around often! Imagine owning a beautifully rebuilt home, a fully equipped commercial restaurant, and a garage—all within steps of one another and positioned for both lifestyle and business opportunity. Whether you envision launching your own entrepreneurial venture, creating a live/work setup, or simply adding a unique investment property to your portfolio, this Leicester property offers possibilities that are truly hard to find.The beautifully rebuilt single-family home features 2 bedrooms and 1 full bathroom with a bright, open-concept living and dining area anchored by an impressive 6-foot island and quartz countertops. An electric fireplace adds warmth and ambiance, while a bonus room upstairs offers additional flexible space. Enjoy your morning coffee or evening gatherings on the private back deck. Major updates include a new heating and cooling system, roof, plumbing, and electrical, providing peace of mind for years to come. The home also offers its own private driveway. Just steps away, the commercial restaurant provides a turnkey opportunity and is currently leased to The Taco Dude through the end of 2026. The restaurant features an inviting exterior seating area, interior dining space, dedicated ordering counter, commercial kitchen, and bathroom. The adjoining garage provides additional storage space and includes its own bathroom. The expansive driveway can accommodate approximately 20–25 vehicles, providing excellent parking and visibility for the commercial operation. Located directly across from Hillcrest Country Club and just minutes from Worcester, the property benefits from strong visibility and passing traffic while still maintaining the charm and feel of a small-town setting. Create your own entrepreneurial vision just steps from home, continue the existing commercial use, or enjoy the potential of a unique investment opportunity. Rarely does a property offer this combination of residential living, commercial space, parking, location, and flexibility. Bring your vision—opportunities like this truly do not come often!

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: 825 sq ft (the lesser of 900 sq ft or half the 1,650 sq ft principal dwelling). Lot size: 94,961 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.

Open Houses

Property Details

Financials

Original Price$699,900
Annual Taxes$5,029

Parking

Garage2
Off-Street27

Interior Specifications

Total Rooms5
Fireplaces1
FlooringFlooring - Vinyl
BasementNone

Climate & Utilities

HeatingHeat Pump
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationSlab
ZoningR1

Property & Lot

Acres2.18
SqFt Lot94,961
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Golf

Geography

Floorplan Breakdown

Structural Layout

First
Bedroom 2Bathroom 1
Main,First
Living RoomKitchenPrimary Bedroom
Living Room
Lvl Main,First

Flooring - Vinyl, Exterior Access, Open Floorplan, Remodeled, Slider

Kitchen
Lvl Main,First

Flooring - Vinyl, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Remodeled, Stainless Steel Appliances

Primary Bedroom
Lvl Main,First

Walk-In Closet(s), Flooring - Vinyl

Bedroom 2
Lvl First
Bathroom 1
Lvl First

Bathroom - Full

Property History

Listed
$699,900

Sep 23, 2026

MLS® 73581238

Listed
$699,900

Sep 23, 2026

MLS® 73581295

Expired
$700,000

Mar 31, 2026

MLS® 73415782

Sold
$1,500

Oct 6, 2025

MLS® 73437314

Sold
$1,500

Oct 6, 2025

MLS® 73437315

Listed
$1,500

Sep 30, 2025

MLS® 73437314

Listed
$1,500

Sep 29, 2025

MLS® 73437315

Listed
$700,000

Aug 8, 2025

MLS® 73415782

Listing Provided By

Listing Agent: We Close Deals Team

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73581238