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27 Lee St Lancaster — Photo 1 of 42

27 Lee St Lancaster — Photo 1 of 42

$699,900

Investment Analysis — 27 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 4.24% cap rate and $29,664/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

3,582

Style

Single Family

Built

1981

Tucked away in an established and desirable Lancaster neighborhood, 27 Lee Street pairs striking contemporary architecture with sun-filled interiors, generous living spaces and an exceptional outdoor setting. The show-stopping living room forms the heart of the home, framed by skylights, a wall of windows and a stunning floor to ceiling, wood burning fireplace. The large inviting kitchen, featuring stainless steel appliances and ample counter space, connects effortlessly to the oversized dining room, sunroom/reading room and composite deck, creating a natural flow for everyday living and memorable entertaining. Expansive windows throughout welcome abundant natural light, while the sunroom’s dark tile floor absorbs and retains warmth from the sun—thoughtful elements of the home’s passive solar design. Upstairs features the primary bedroom with custom built closet, 3 additional bedrooms, a full bathroom and a convenient laundry room. The finished lower-level rooms extend the home’s versatility with a dedicated media room, studio/workshop space and home gym area, complemented by a cedar closet and additional storage. Outside, the carefully cultivated grounds include established fruit and vegetable gardens, perennial plantings, a fenced in yard for the dogs, a greenhouse, chicken coop, shed and irrigation system—you'll never want to leave! A detached two-car garage with electricity provides abundant space for vehicles, equipment, hobbies and creative pursuits. Central air, replacement windows, a whole-house fan and leased Sunrun solar panels with a fixed payment of just $43.60/month add both comfort and energy-conscious appeal. Located within the highly regarded Nashoba Regional School District with convenient access to Routes 2, 190, 495 and 117. Enjoy nearby shopping and dining, local orchards and farmstands, hiking trails, and countless outdoor recreation opportunities. With its distinctive character and an outdoor area shaped for both beauty and purpose, this property stands apart—not simply as a house, but as a home to gather, create, grow and enjoy in every season!

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 3,582 sq ft principal dwelling). Lot size: 32,234 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

Original Price$699,900
Annual Taxes$9,187

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms15
Fireplaces1
FlooringFlooring - Stone/Ceramic Tile
BasementFull, Partially Finished, Bulkhead

Climate & Utilities

HeatingBaseboard, Oil
CoolingCentral Air, Passive Cooling, Whole House Fan
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningRES

Property & Lot

Acres0.74
SqFt Lot32,234
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Park • Walk/Jog Trails • Stable(s) • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2
Main,First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl Main,First

30 x 18.5

Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Engineered Hardwood

Dining Room
Lvl Main,First

21.166666666 x 11.416666666

Flooring - Hardwood, Deck - Exterior, Exterior Access, Slider

Kitchen
Lvl Main,First

26.833333333 x 11.333333333

Flooring - Stone/Ceramic Tile, Dining Area, Exterior Access, Slider, Stainless Steel Appliances

Primary Bedroom
Lvl Second

14.833333333 x 12.25

Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

14.833333333 x 11.916666666

Bedroom 3
Lvl Second

11.166666666 x 11.166666666

Closet, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

11.166666666 x 11.166666666

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Main,First

9 x 7.666666666

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

8.25 x 8.083333333

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Emma Weisman

Listing Office: Keller Williams Realty North Central

MLS® Number: 73577175