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9 Days on market
1903 Main St Lancaster — Photo 1 of 42

1903 Main St Lancaster — Photo 1 of 42

$529,900

Investment Analysis — 1903 Main St

Lancaster, MA 01523

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01523 carries an estimated $3,800/mo in gross rent — about a 5.68% cap rate and $30,076/yr in estimated NOI at the $529,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,676

Style

Farm

Built

1900

Turn-of-the-20th-century 2.5-story gable-front farmhouse with finished walk-up attic bonus room! 1st floor features LR, DR, kitchen, & laundry, along with working original pocket doors, original stained glass in stairway, & enclosed front porch. 2nd floor offers 2-3 bedrooms & full bath. Roof & windows replaced 2020. Features updated boiler with new tankless heating element & updated 200-amp electrical panel with 100-amp subpanel in garage. Includes a 20'x36' detached garage with 18' overhead door & interior height suitable for a 2nd-floor option or potential ADU. Property boasts mature fruit trees, vegetable garden, massive raspberry/blueberry patches, & 2 extra outdoor storage sheds for gardening. 2 Refrigerators, freezer, washer, dryer, & gas stove/oven included. Features rented solar panels through SunRun & passed Title V inspection. Cash or conventional financing preferred. Situated on 3/4-acre lot on Route 117 between Ponakin Rd & Colony Ln (Ballard Hill).

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 MLS and other third-party data may be inaccurate or out of date.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.

Property Details

Financials

Original Price$529,900
Annual Taxes$4,580

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms6
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

HeatingCentral, Baseboard, Oil
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
Zoningsingle fam

Property & Lot

Acres0.73
SqFt Lot31,799
Lot Features--

Amenities & Appliances

Tankless Water Heater • Range • Refrigerator • Freezer • Washer • Dryer

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1
First
Living RoomDining RoomKitchen
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bathroom 1
Lvl Second
Listing Provided By

Listing Agent: Paula Savard

Listing Office: LAER Realty Partners

MLS® Number: 73579315