4 Lambs Grove Spencer — Photo 1 of 10
$259,900
Investment Analysis — 4 Lambs Grove
Spencer, MA 01562
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01562 carries an estimated $1,670/mo in gross rent — about a 4.81% cap rate and $12,494/yr in estimated NOI at the $259,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,118
Style
Single Family
Built
1940
Welcome to 4 Lambs Grove! Hard to find cottage near the Sugden Reservoir with water views. The home consists of 2 bedrooms, 1 bath and newer windows. The home could be used year around or a peaceful weekend retreat. Sold As iI seller will make no repairs, title V is Buyer responsibility and personal property will remain. 1st showings Sunday September 13th from 12pm to 1:30pm.
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: 559 sq ft (the lesser of 900 sq ft or half the 1,118 sq ft principal dwelling). Lot size: 10,200 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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl SecondBathroom 1
Lvl FirstListing Agent: Douglas Tammelin
Listing Office: Coldwell Banker Realty - Leominster
MLS® Number: 73575267