9 Woodland Lane Spencer — Photo 1 of 26
$350,000
Investment Analysis — 9 Woodland Lane
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 4.38% cap rate and $15,344/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,512
Style
Single Family
Built
1945
Attention Developers and Flippers - Enjoy beautiful sunrises that never get old looking across Little Stiles Lake. This three bedroom 2 bathroom two-level cottage is set on a private lane and 100’+ of frontage on Little Stiles lake. Additional lot of 38,000sf available directly on other side of the lane offers tremendous potential for garage, workshop, or separate house. Lot not perked. Thirteen minutes to the Mass Pike, 18 minutes to Clark University, 20 minutes to Holy Cross College and 30 minutes U. Mass Medical Center. Passed Title V and Well Water test. House to be sold with contents and as-is. Inspection for informational purposes only.
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: 756 sq ft (the lesser of 900 sq ft or half the 1,512 sq ft principal dwelling). Lot size: 10,100 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 MLS and other third-party data may be inaccurate or out of date.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 • Water Heater • Range • Microwave • Refrigerator • Washer • Dryer • ENERGY STAR Qualified Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s)
Dining Room
Lvl Main,SecondCeiling Fan(s), Flooring - Wood, Attic Access, Cable Hookup, High Speed Internet Hookup, Open Floorplan, Lighting - Sconce
Kitchen
Lvl Main,SecondFlooring - Wood, Dining Area, Open Floorplan
Master Bedroom
Lvl Main,SecondCloset, Flooring - Wood, Lighting - Overhead
Bedroom 2
Lvl Main,SecondBedroom 3
Lvl FirstCloset, Flooring - Vinyl, Lighting - Overhead
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Lighting - Sconce
Bathroom 2
Lvl Main,SecondBathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Lighting - Overhead
Listing Agent: David Friedberg
Listing Office: Experience Real Estate
MLS® Number: 73565445