
1 Shady Ln Leicester — Photo 1 of 29
Recent Drop: $10,000
$479,900
Investment Analysis — 1 Shady Ln
Leicester, MA 01524
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01524 carries an estimated $2,040/mo in gross rent — about a 2.79% cap rate and $13,381/yr in estimated NOI at the $479,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,932
Style
Single Family
Built
2000
***MOTIVATED SELLERS**Don’t miss your chance to see this Leicester Colonial!**Welcome to this charming 3-bedroom, 1.5-bath Colonial located on a quiet dead-end street in Leicester, MA. Set on a private lot along a public, town-maintained road, this home offers a combination of space, privacy, and flexibility that can be hard to find.Inside, you’ll find a comfortable and functional layout highlighted by a bright sunroom — the perfect spot for morning coffee, relaxing after a long day, or enjoying views of the backyard.Step outside to the spacious, fully fenced-in backyard, offering plenty of room for entertaining, pets, gardening, outdoor games, or simply enjoying your own private space.One of the biggest highlights is the **oversized detached two-car garage**. In addition to vehicle and storage space, the area above the garage offers even more flexibility for a game room, home gym, hobby space, entertaining area, or additional storage.Major improvements have already been completed, including a **new roof in 2026, water treatment system in 2022, and backyard fence in 2022, Gutters 2022 , Chimney Cap 2022**.With **3 bedrooms, 1.5 baths, a sunroom, fenced-in backyard, oversized two-car garage, and bonus space above**, this home offers a lot of features buyers are searching for in one property.Conveniently located near shopping, Route 56, Route 32, and just minutes from Worcester Regional Airport.**Homes offering this amount of space, storage, privacy, and flexibility don’t come around often. Schedule your showing and come see everything this property has to offer before the opportunity is gone!**
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 1,932 sq ft principal dwelling). Lot size: 23,200 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First25 x 23
Flooring - Hardwood
Dining Room
Lvl First10 x 12
Ceiling Fan(s), Flooring - Hardwood, Exterior Access, Slider
Kitchen
Lvl First15 x 13
Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Dining Area
Primary Bedroom
Lvl Second21 x 13
Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second17 x 11
Bedroom 3
Lvl Second13 x 10
Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Property History
$479,900
Was $489,900
Sep 15, 2026
MLS® 73568221
$489,900
Aug 26, 2026
MLS® 73568221
Listing Agent: Robert Rose
Listing Office: 1 Worcester Homes
MLS® Number: 73568221