0 E Charlton Rd Spencer — Photo 1 of 11
Recent Drop: $550,000
$400,000
Investment Analysis — 0 E Charlton Rd
Spencer, MA 01562
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01562 carries an estimated $1,290/mo in gross rent — about a 2.39% cap rate and $9,564/yr in estimated NOI at the $400,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
--
SqFt
--
Style
Residential
Built
--
Exceptional opportunity to own 38.85 acres of residential developable land in the desirable town of Spencer. Town records list the property as Residential Developable Land and it is being sold as one parcel. According to the building department, the land may be subdividable; buyer to perform all due diligence. The rear of the property offers scenic views of Jones Pond, though no land acces or water rights are included. All showings must be accompanied by a licensed Realtor. No electric, gas, water, sewer, or other utilities on land. Electric at street. Appointments are required. Private property. No trespassing.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$400,000
Was $950,000
May 25, 2026
MLS® 73462332
$950,000
Dec 15, 2025
MLS® 73462332
Listing Agent: Laura Rakauskas
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73462332