2 Woodland Ln Spencer — Photo 1 of 25
$250,000
Investment Analysis — 2 Woodland Ln
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 6.48% cap rate and $16,210/yr in estimated NOI at the $250,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,929
Style
Single Family
Built
1954
Attention Developers and Flippers. 1929sf 3 bed 1 bath on 29+K sf lot needs rehab and a new septic. House to be sold As-Is Where-is with contents. Wood and Steel Beam construction, Top of the line Buderus heating system. Deeded access to Big Stiles Lake around the corner. Additional 38,000+ sf lot 1 house away is available for $75K - not perked.
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 1,929 sq ft principal dwelling). Lot size: 29,010 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 MLS and other third-party data may be inaccurate or out of date.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
Water Heater
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood
Dining Room
Lvl FirstKitchen
Lvl FirstFlooring - Vinyl
Family Room
Lvl SecondFlooring - Vinyl
Master Bedroom
Lvl FirstFlooring - Wall to Wall Carpet
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstFlooring - Vinyl, Dryer Hookup - Electric, Washer Hookup
Listing Agent: David Friedberg
Listing Office: Experience Real Estate
MLS® Number: 73571618
