50 North Spencer Rd Spencer — Photo 1 of 42
$980,000
Investment Analysis — 50 North Spencer Rd
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 0.70% cap rate and $6,845/yr in estimated NOI at the $980,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
12,723
Style
Single Family
Built
1960
A truly one-of-a-kind property offering the rare opportunity to own a charming 3-bedroom, 2-bath home on over 5 acres while embracing a unique live/work lifestyle. The property includes an established greenhouse and garden operation featuring five operating greenhouses, additional outbuildings, ample paved parking, and three ANR-approved lots totaling 5.11± acres. Whether you continue the long-established Spencer Greenery business, expand the existing operation, pursue agricultural or horticultural ventures, or simply enjoy the flexibility of this exceptional property, the possibilities are endless. Two vacant ANR lots offer future development or resale potential (subject to buyer due diligence). Conveniently located on Route 31 with outstanding visibility and easy access. A rare opportunity to combine home, business, and investment potential in one remarkable property.
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 12,723 sq ft principal dwelling). Lot size: 222,591 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
Geography
Listing Agent: Michael Barbera
Listing Office: BA Property & Lifestyle Advisors
MLS® Number: 73541617