
312 Pleasant St Leicester — Photo 1 of 42
$699,900
Investment Analysis — 312 Pleasant St
Leicester, MA 01524
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01524 carries an estimated $1,670/mo in gross rent — about a 1.46% cap rate and $10,201/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,650
Style
Single Family
Built
2025
Once-in-a-lifetime opportunities like this don’t come around often! Imagine owning a beautifully rebuilt home, a fully equipped commercial restaurant, and a garage—all within steps of one another and positioned for both lifestyle and business opportunity. Whether you envision launching your own entrepreneurial venture, creating a live/work setup, or simply adding a unique investment property to your portfolio, this Leicester property offers possibilities that are truly hard to find.The beautifully rebuilt single-family home features 2 bedrooms and 1 full bathroom with a bright, open-concept living and dining area anchored by an impressive 6-foot island and quartz countertops. An electric fireplace adds warmth and ambiance, while a bonus room upstairs offers additional flexible space. Enjoy your morning coffee or evening gatherings on the private back deck. Major updates include a new heating and cooling system, roof, plumbing, and electrical, providing peace of mind for years to come. The home also offers its own private driveway. Just steps away, the commercial restaurant provides a turnkey opportunity and is currently leased to The Taco Dude through the end of 2026. The restaurant features an inviting exterior seating area, interior dining space, dedicated ordering counter, commercial kitchen, and bathroom. The adjoining garage provides additional storage space and includes its own bathroom. The expansive driveway can accommodate approximately 20–25 vehicles, providing excellent parking and visibility for the commercial operation. Located directly across from Hillcrest Country Club and just minutes from Worcester, the property benefits from strong visibility and passing traffic while still maintaining the charm and feel of a small-town setting. Create your own entrepreneurial vision just steps from home, continue the existing commercial use, or enjoy the potential of a unique investment opportunity. Rarely does a property offer this combination of residential living, commercial space, parking, location, and flexibility. Bring your vision—opportunities like this truly do not come often!
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: 825 sq ft (the lesser of 900 sq ft or half the 1,650 sq ft principal dwelling). Lot size: 94,961 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Vinyl, Exterior Access, Open Floorplan, Remodeled, Slider
Kitchen
Lvl Main,FirstFlooring - Vinyl, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Remodeled, Stainless Steel Appliances
Primary Bedroom
Lvl Main,FirstWalk-In Closet(s), Flooring - Vinyl
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - Full
Property History
$699,900
Sep 23, 2026
MLS® 73581238
$699,900
Sep 23, 2026
MLS® 73581295
$700,000
Mar 31, 2026
MLS® 73415782
$1,500
Oct 6, 2025
MLS® 73437314
$1,500
Oct 6, 2025
MLS® 73437315
$1,500
Sep 30, 2025
MLS® 73437314
$1,500
Sep 29, 2025
MLS® 73437315
$700,000
Aug 8, 2025
MLS® 73415782
Listing Agent: We Close Deals Team
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73581238