Unique Homes MA

981 Main St, Leicester

Active $399,900

  • 5 bd
  • 3 ba
  • 4,313 sqft
  • 1840 built
  • $92/sqft
  • MLS #7⁠3⁠5⁠4⁠4⁠0⁠3⁠5⁠

Listing data updated

Listing broker remarks

Discover the possibilities at 981 Main St in Leicester. Built in 1840, this distinctive multi-family property blends timeless character with exceptional space and investment potential. Offering the development plan for converting this building to a cash flowing investment. The current developer has been working with the town regarding a conversion to 8 units with off street parking, presenting a rare value-add opportunity for investors and developers alike. Adding to its appeal, the property may qualify for Historic Tax Credits, creating additional upside for redevelopment and restoration. Rich with historic charm and future potential, this is a unique opportunity to reimagine a landmark property in the heart of Leicester. This town abuts Worcester and is primed for development. Property has 17 parking spots approved, asbestos remediation complete. This set up is near ready for the permitting process. Schedule your showing today.— Lock and Key Realty Inc.

Key details

  • 4,313 sq ft
  • 15,855 lot sq ft
  • 5 beds
  • 3 baths
  • 1840 built
  • $92 / sq ft
  • $5,785 2025 taxes
MLS #
7⁠3⁠5⁠4⁠4⁠0⁠3⁠5⁠
Last updated
Address
981 Main St
Town
Leicester, MA
ZIP
01524
Deed (Bk/Pg)
70763 / 162

Historic designations

National Register
Sprague, Roswell - Flint, Dr. Austin House · includes LEI.C
MACRIS Inventory
Leicester Center

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Map

Neighborhood: Leicester

National Historic Landmark

Federally designated as nationally significant — the highest U.S. historic recognition. Section 106 review applies to federal undertakings affecting the property.

National Register

Listed on the National Register of Historic Places. Owners may qualify for the 20% federal Historic Rehabilitation Tax Credit on certified rehabilitation work.

State Register

Listed on the Massachusetts State Register of Historic Places.

Local Historic District

Inside a Local Historic District. Exterior changes visible from a public way require approval from the local historic district commission.

Local Landmark

Individually designated by the town as a local landmark. Exterior alterations require commission approval.

MACRIS Inventory

Documented in MACRIS, the state historic inventory. Informational only — no regulatory constraints.

Article 85 (Boston)

Subject to Boston Article 85 demolition-delay review, which can pause demolition of buildings 50+ years old for up to 90 days.

Ch. 91 Waterways License

An active MassDEP permit for a dock, pier, seawall, or other structure on or over a Massachusetts waterway. Many older licenses are not digitized; this record is provided for reference only.

Massachusetts Great Pond

A Great Pond under M.G.L. Ch. 91 — the Commonwealth retains public rights to fish and navigate these state-designated waters. Private docks and other waterfront structures require a Waterways License from MassDEP.

Likely Great Pond

The MLS listing describes this property as being on a Great Pond, which would be a state-designated water body under M.G.L. Ch. 91. GIS data did not independently confirm the pond name — verification needed.