61 - 63 Glenallen St Winchendon — Photo 1 of 41
Recent Drop: $75,000
$375,000
Investment Analysis — 61 - 63 Glenallen St
Winchendon, MA 01475 — Winchendon Springs
Based on rent reported on the MLS listing, a home in 01475 carries $1,200/mo in gross rent — about a 2.33% cap rate and $8,743/yr in estimated NOI at the $375,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
3
SqFt
3,555
Style
Other
Built
1900
SELLER WILL CONSIDER SELLER FINANCING!!! This is a fantastic opportunity for someone who wants multiple streams of income. The building offers a two-bedroom apartment that would be great for owner-occupant use or revenue production, and a 95-seat restaurant in operation for 20 years. The restaurant has proven to be a staple in the community, serving breakfast, lunch, and dinner, as well as hosting many private functions, which is no surprise, as this building has been a place to gather since the prohibitions in the 1930's. Consider many options: continue as a thriving restaurant/bar, convert to multi-family housing (town approval required), or reimagine as office space, a bewery, a gift shop, or a creative venue. Upgrades during the current ownership include a commercial-grade septic system, electric upgrades, new water heaters, and an oil tank. This is a turnkey opportunity with immediate cash flow or limitless redevelopment potential.
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 MLS and other third-party data may be inaccurate or out of date.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
$375,000
Was $385,000
Sep 3, 2026
MLS® 73472490
$385,000
Was $399,000
Jul 14, 2026
MLS® 73472490
$399,000
Was $435,000
May 20, 2026
MLS® 73472490
$435,000
Was $450,000
Apr 3, 2026
MLS® 73472490
$450,000
Jan 28, 2026
MLS® 73472490
Listing Agent: Michelle Peterson
Listing Office: Elm Grove Realty, LLC
MLS® Number: 73472490