Active
9 Days on market
2 Woodland Ln Spencer — Photo 1 of 25

2 Woodland Ln Spencer — Photo 1 of 25

$250,000

Investment Analysis — 2 Woodland Ln

Spencer, MA 01562

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01562 carries an estimated $2,040/mo in gross rent — about a 6.48% cap rate and $16,210/yr in estimated NOI at the $250,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,929

Style

Single Family

Built

1954

Attention Developers and Flippers. 1929sf 3 bed 1 bath on 29+K sf lot needs rehab and a new septic. House to be sold As-Is Where-is with contents. Wood and Steel Beam construction, Top of the line Buderus heating system. Deeded access to Big Stiles Lake around the corner. Additional 38,000+ sf lot 1 house away is available for $75K - not perked.

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 1,929 sq ft principal dwelling). Lot size: 29,010 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 MLS and other third-party data may be inaccurate or out of date.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.

Property Details

Financials

Original Price$250,000
Annual Taxes$2,395

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Vinyl, Flooring - Wood
BasementFull, Walk-Out Access, Interior Entry, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofMetal
FoundationConcrete Perimeter
ZoningLR

Property & Lot

Acres0.67
SqFt Lot29,010
Lot FeaturesCorner Lot, Wooded, Additional Land Avail.

Amenities & Appliances

Water Heater

Geography

Floorplan Breakdown

Structural Layout

Second
Family RoomBedroom 2Bedroom 3
First
Living RoomDining RoomKitchenMaster BedroomBathroom 1
Living Room
Lvl First

Flooring - Wood

Dining Room
Lvl First
Kitchen
Lvl First

Flooring - Vinyl

Family Room
Lvl Second

Flooring - Vinyl

Master Bedroom
Lvl First

Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Flooring - Vinyl, Dryer Hookup - Electric, Washer Hookup

Listing Provided By

Listing Agent: David Friedberg

Listing Office: Experience Real Estate

MLS® Number: 73571618