19 Greenville St Spencer — Photo 1 of 42
Recent Drop: $15,000
$685,000
Investment Analysis — 19 Greenville St
Spencer, MA 01562
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 5-bedroom in 01562 carries an estimated $2,250/mo in gross rent — about a 2.20% cap rate and $15,081/yr in estimated NOI at the $685,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2.5
SqFt
2,730
Style
Single Family
Built
1800
Charming 1800s antique 2-family home filled with character and endless possibilities! This spacious home offers 2 bedrooms and a bathroom on the first floor, with the additional unit having 3 bedrooms and a bathroom on the second floor with interior and exterior entrances, along with an attached space currently used as a hair salon with half bath, perfect for a home business, office, or additional living area. The second floor apartment is ideal for multigenerational living, guests, rental income, or expanded living space back to a single family. Situated on .69 acres plus an additional 4.73 acres with mature fruit trees, beautiful flower gardens, a 2-car garage, and an above-ground pool needing a new liner. The acreage has already been split and may offer the potential for a buildable lot by adding road frontage from the parcel the home sits on. Buyers to perform their own due diligence regarding future possibilities. A truly unique property offering flexibility and opportunity.
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 2,730 sq ft principal dwelling). Lot size: 29,953 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 • Dishwasher • Refrigerator • Washer • Dryer
Geography
Property History
$685,000
Was $700,000
Sep 10, 2026
MLS® 73544508
$700,000
Jul 3, 2026
MLS® 73544508
Listing Agent: Danielle Bakanowsky
Listing Office: Kazantzis Real Estate, LLC
MLS® Number: 73544508
