9 Folsom St Leicester — Photo 1 of 25
$349,900
Investment Analysis — 9 Folsom St
Leicester, MA 01611 — Cherry Valley
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01611 carries an estimated $2,250/mo in gross rent — about a 4.74% cap rate and $16,569/yr in estimated NOI at the $349,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1
SqFt
1,224
Style
Single Family
Built
1962
Welcome to 9 Folsom Street! This spacious 4-bedroom Cape offers plenty of room inside and out, with a flexible layout and an expansive, level backyard. The first floor features two bedrooms with hardwood flooring and a generously sized living room with hardwood floors and a cozy wood stove. Upstairs, you'll find two additional bedrooms, providing great flexibility for a home office, guest space, or additional living needs. Step outside onto the large rear deck overlooking the beautiful backyard—an ideal setting for entertaining, relaxing, gardening, or enjoying the outdoors. An oversized shed with electricity offers excellent additional storage or workspace. Updated septic system 2023. Conveniently located with easy access to major routes while still offering a quiet neighborhood setting. A wonderful opportunity to make this home your own!
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: 612 sq ft (the lesser of 900 sq ft or half the 1,224 sq ft principal dwelling). Lot size: 15,600 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
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile
Primary Bedroom
Lvl FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile
Listing Agent: Matthew Berger
Listing Office: RE/MAX Generations
MLS® Number: 73579834
