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6 Days on market

6 Sterling St Leicester — Photo 1 of 41

$440,000

Investment Analysis — 6 Sterling St

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 3.79% cap rate and $16,696/yr in estimated NOI at the $440,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,224

Style

Single Family

Built

1960

Welcome to this beautifully updated 4-bedroom 1 bath cape in Leicester, MA, conveniently located near Route 9 and just 9 minutes from Worcester’s Webster Square! Situated on a quiet dead-end road, this home offers a great combination of modern updates, open concept, and a fantastic location. Inside, enjoy new vinyl flooring in the kitchen and living room, refinished hardwood floors in two first-floor bedrooms, and new carpeting in the upstairs bedrooms. The kitchen features brand new cabinets, appliances, quartz with slab backsplash and a functional pot filler. The custom tiled bathroom comes with a convenient double vanity, while major improvements include a new roof, new driveway, new plumbing throughout and a new wall-hung tankless boiler and on demand hot water combo unit. Step outside to a fenced-in backyard with a brand-new deck, perfect for relaxing or entertaining. A beautiful sunroom filled with natural light and windows adds the perfect bonus space to enjoy year-round. Convenient to shopping, dining, and commuting routes, this move-in-ready home is one you won't want to miss! Turnkey homes in this quality and this price won't last long! Private showings available immediately and open house Saturday 10/3 11-1.

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: 612 sq ft (the lesser of 900 sq ft or half the 1,224 sq ft principal dwelling). Lot size: 9,984 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.