26 Lee St Lancaster — Photo 1 of 37
$739,999
Investment Analysis — 26 Lee St
Lancaster, MA 01523
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01523 carries an estimated $4,260/mo in gross rent — about a 4.03% cap rate and $29,797/yr in estimated NOI at the $739,999 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
3,085
Style
Single Family
Built
1984
MOVE-IN READY IN A GREAT LANCASTER NEIGHBORHOOD! This beautifully maintained and updated 4 bedroom, 3 full bath Colonial offers plenty of space inside and out. Bright gleaming hardwood floors, spacious dining room with fireplace, updated kitchen, sun filled family room (2002) with cathedral ceiling, skylights and walls of windows overlooking the backyard. Upstairs you'll find four generously sized bedrooms, including a spacious primary suite with cathedral ceiling and private bath (both new in 2021), family bath and convenient second-floor laundry. The finished lower level adds tremendous flexibility with plenty of additional living space perfect for a playroom, home office, gym or combination of uses. Outside is where this home really shines! Enjoy a composite deck overlooking the fenced backyard and inground saltwater pool. An ideal setup for summer entertaining, relaxing and enjoying time with family and friends. Add in the attached 2-car garage, central air (New compressor approx 2021), passing Title V in hand, town water and a great neighborhood setting. Move right in and enjoy!
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 3,085 sq ft principal dwelling). Lot size: 16,117 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
Tankless Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstOffice
Lvl BasementFlooring - Vinyl
Family Room
Lvl FirstCathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Slider
Primary Bedroom
Lvl SecondCathedral Ceiling(s), Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood
Bedroom 4
Lvl SecondWalk-In Closet(s), Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl SecondBathroom - Full, Dryer Hookup - Electric, Washer Hookup
Bathroom 3
Lvl SecondBathroom - 3/4
Listing Agent: Richard Freeman
Listing Office: Keller Williams Realty North Central
MLS® Number: 73581490