Charming corner-lot 2-family in Spencer offering excellent rental potential and flexibility for both investors and owner-occupants. Each unit features bright, functional living spaces ideal for everyday living and entertaining, with kitchens that flow seamlessly into the main living areas. Comfortable bedrooms provide a welcoming retreat. Additional highlights include in-unit washer/dryer hookups, cable availability, and ample parking with both off-street and on-street options. Second-floor unit is tenant-occupied with an active lease in place.
The next great addition to your portfolio could be right here in Spencer! Formerly configured as a three-family, this property has been converted to two spacious units, creating an especially versatile setup for investors, co-owners, or extended-family living. Unit 1 is currently occupied and provides great rental income, offering three bedrooms, one full bath, a living area, kitchen, private patio, and separate gas and electric meters. Unit 2 spans the second and third floors, offering multiple bedrooms, two full baths, two living areas, two kitchen areas, and a convenient stackable washer and dryer setup on the second floor, while the third floor features a large dedicated laundry room. All-new waterproof vinyl laminate flooring and numerous kitchen updates add even more appeal, including quartz counters, high-end sinks and faucets, a microwave, and a refrigerator. Recent improvements include two new water heaters installed in 2024, a newer roof with plywood, attic and blown-in insulation, and hot-air duct leak inspection. Outside, the property delivers an impressive seven off-street parking spaces, including stacked driveway parking and additional spaces made possible by the lot's frontage. A spacious yard and small shed round out the property, offering useful outdoor space for recreation, storage, or future possibilities. Conveniently located within an easy walk of downtown Spencer, Price Chopper, CVS, the library, restaurants, public transportation to Worcester, and more! Owner financing at a reduced rate may be available to well-qualified buyers. Whether you're looking to house extended family, share ownership, or add a flexible income-producing property to your portfolio, this one offers plenty of possibilities. Don't miss it!
Investors, rehabbers and buyers willing to roll up their sleeves, this two-family has the space, location and potential to make the work worthwhile. The first-floor unit has been comfortably lived in for decades and, while dated, offers an opportunity to update over time. Upstairs features a combination of finished space and unfinished projects, giving the next owner a head start on creating additional value. The third-floor attic was once finished but has been untouched for years. The attached two-story barn is in poor condition with compromised loft flooring and is NOT to be entered. Nearly 1.6 acres provide a surprisingly private, wooded backyard setting despite the convenience of a main-route location. Vinyl siding, plenty of outdoor space and walking distance to shopping and dining add to the appeal, with Worcester’s hospitals, colleges and amenities only about 10 minutes away. Property may not qualify for certain types of financing.
Rare waterfront opportunity on Thompson Pond! Two Single family homes, over four private acres and an incredible 470 feet of lake frontage on fully recreational, 116 acre Thompson Pond! Tucked away at the end of a private driveway with plenty of parking, this unique property offers endless possibilities. The cottage was built in 1945 and the A-frame which has been completely renovated, built in 1979. Enjoy year round lake living ~ boating, fishing, swimming, kayaking and more right outside your door. Create a family compound, use one for guests or extended family or explore the potential for rental income. A spacious basement with high ceilings and propane heat for additional usable space. White cottage has three mini splits and a wood stove while the A-frame has a propane wall heater.
Fantastic multi-unit property in downtown Spencer! Owner pays water and sewer, tenants pay all other utilities. 5 units across 2 buildings with newer high efficiency combi steam boilers in most units, all apartments have own laundry facilities, and some units have newer mini-splits for air conditioning. Near to downtown amenities. Property grosses $86,400 per year with long term tenants and room to grow! Seller does not live in property, buyers/buyers agent to do all due diligence.
Spencer is located in Massachusetts. Spencer, Massachusetts has a population of 11,963. Spencer is less family-centric than the surrounding county with 25.3% of the households containing married families with children. The county average for households married with children is 31.47%.
The median household income in Spencer, Massachusetts is $68,559. The median household income for the surrounding county is $81,660 compared to the national median of $69,021. The median age of people living in Spencer is 47.9 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 14.3 degrees. The average rainfall is approximately 48.1 inches per year, with 58.4 inches of snow per year.
