Skip main navigation
For sale
  • $590,000

    311 Main St, Cherry Valley, MA 01611

    5beds
    2,582sqft
    : 
    $3,800/mo
    Get pre-qualified
    Multi Family
    Built in 1860
    -- sqft lot
    $582,400 Zestimate®
    $229/sqft
    $-- HOA

    What's special

    Spacious two-family residenceExpansive parking areaPlenty of off-street parkingGenerously sized units
    **TWO LOTS. TWO BUILDINGS. EXCEPTIONAL OPPORTUNITY IN DESIRABLE CHERRY VALLEY!** This unique property offers space, versatility, and excellent potential for an investor, owner-occupant, or buyer seeking additional room and future possibilities.The main property features a spacious two-family residence with generously sized units and strong rental income potential. The property was previously used as three units, offering additional flexibility for the new owner, subject to applicable approvals and buyer due diligence.A second large barn/garage provides valuable additional space for storage, parking, hobbies, or other potential uses. The expansive parking area offers plenty of off-street parking, while the generous green space behind the home provides room to enjoy the outdoors.**Both parcels are included in the sale**, creating a rare opportunity to acquire additional land and improvements in one transaction. The property is priced approximately **$80,000 below the estimated combined value of both parcels**, presenting an attractive opportunity for buyers looking for value and long-term potential.Conveniently located in desirable Cherry Valley, this property offers the combination of residential space, additional structures, land, parking, and flexibility that is increasingly difficult to find.Potential additional uses may be possible, subject to buyer due diligence, zoning requirements, and municipal approvals. Bring your vision and explore the possibilities this property has to offer!
    7 days
    |
    173
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kris Lippi 855-283-0001,

    Get Listed Realty, LLC 860-595-2506

    Source: MLS PIN,MLS#: 73563738

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Oil, Baseboard, Electric
      Cooling
      • None
      Appliances
      • Included: Range, Refrigerator
      • Laundry: Electric Dryer Hookup, Washer Hookup
      Features
      • Laundry Room, Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Slider, Walk-Up Attic, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Family Room, Office/Den, Sunroom
      • Flooring: Tile
      • Basement: Full,Partially Finished,Walk-Out Access,Interior Entry,Sump Pump,Concrete
      • Has fireplace: No
      Interior area
      • Total structure area: 2,582
      • Total interior livable area: 2,582 sqft
      • Finished area above ground: 2,582

      Property

      Parking
      • Total spaces: 8
      • Parking features: Garage
      • Garage spaces: 1
      • Uncovered spaces: 7
      Features
      • Exterior features: Balcony/Deck
      • Frontage length: 100.00
      Lot
      • Size: 10,634 Square Feet
      • Features: Sloped
      Details
      • Parcel number: M:23D B:00000B9 L:0,1559030
      • Zoning: B

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Foundation: Block, Stone
      Condition
      • Year built: 1860

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup

      Community & HOA

      Community
      • Features: Public Transportation, Shopping, Pool, Park, Conservation Area, Private School, Public School
      Location
      • Region: Cherry Valley

      Financial & listing details

      • Price per square foot: $229/sqft
      • Tax assessed value: $429,800
      • Annual tax amount: $4,766
      • Date on market: 8/14/2026
      • Total actual rent: 5000

        Estimated market value

        $582,400

        $553,000 - $612,000

        $2,025/mo

        Price history

        DateEventPrice
        8/14/2026Listed for sale$590,000+118.5%$229/sqft
        Source: MLS PIN #73563738 Report a problem
        2/6/2004Sold$270,000$105/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,553 +4.1%$386,800 +11%
        2024$4,374 +5.6%$348,500 +8.2%
        2023$4,142 +4.4%$322,100 +13.6%
        2022$3,966 -3.2%$283,500 +4.7%
        2021$4,096 +8.1%$270,700 +6.5%
        2020$3,790 +4.2%$254,200 +5.4%
        2019$3,636 +4.9%$241,100 +11.9%
        2018$3,467 +3.9%$215,500
        2017$3,336 +4.8%$215,500 +0.9%
        2016$3,183 +2.5%$213,600
        2015$3,106 +0.1%$213,600
        2014$3,104 +7.9%$213,600 +1.1%
        2013$2,877 +3.3%$211,200
        2012$2,784 +2.9%$211,200 -2.9%
        2011$2,706 -2.9%$217,500 -8.4%
        2010$2,786 +7%$237,500 -5.1%
        2009$2,603 +3%$250,300 -7.1%
        2008$2,526 +4%$269,300 +3.3%
        2007$2,428 -2.8%$260,800 +4.5%
        2006$2,497 +0.8%$249,500 +5.8%
        2005$2,476 +25.4%$235,800 +58%
        2004$1,975 +3.2%$149,200 +9.1%
        2003$1,914 -0.3%$136,700 +20.2%
        2001$1,920 +2.6%$113,700
        2000$1,872 +3.9%$113,700
        1999$1,802 $113,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 01611

        Getting around

        37 / 100
        Car-Dependent
        12 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Leicester
        • Middle: Leicester
        • High: Leicester

        Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        Similar homes