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1903 Main St Lancaster — Photo 1 of 28

1903 Main St Lancaster — Photo 1 of 28

$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

Single Family

Built

1900

Turn of the 1900 century two and a half story gable front farmhouse.finished walk up attic bonus room. First floor LR,DR,Kitchen, Laundry. Working original pocket doors.original stained glsss in stairway, enclosed front porch, 2nd floor with 2-3 badrooms and full bath. Roof and windows replaced 2020 , updated boiler with new tankless heating element, updated electrical 200 Amp panel with 100 amp subpanel in garage. 20x36 detached garage 18' overhead door . interior height for 2nd floor option or possible ADU option Mature friut trees and vegetable garden. massive raspberry and blueberry patches. 2 bonus outside storge for gardening.refrigerators freezer and laundry machines included, gas stove and oven.rented solar with sun run .passed title v.no va or Fha financing due to knob and tube wiring. 3/4 acre located on 117 between Ponakin rd nd Colony lane previously known as Ballard Hill.

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: 838 sq ft (the lesser of 900 sq ft or half the 1,676 sq ft principal dwelling). Lot size: 31,799 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.

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

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