62 Grove St Spencer — Photo 1 of 25
Recent Drop: $14,000
$305,000
Investment Analysis — 62 Grove St
Spencer, MA 01562
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01562 carries an estimated $2,250/mo in gross rent — about a 5.70% cap rate and $17,394/yr in estimated NOI at the $305,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1
SqFt
1,348
Style
Single Family
Built
1927
Welcome Home 1st Time Homebuyers!!!! Don't miss out on the chance to own this 4 bedroom home with laundry on main level in Spencer. Great yard for the kids to play outside while you relax on the deck. This spacious home features a young furnace and hot water tank replaced in 2020. Mass Save audit preformed in 2023. Vinyl siding and a parking pad behind the home for convenience! Please join us for rhe 1st viewing of this great starter home ready for the next owner to enjoy! First look at the open house!!
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: 674 sq ft (the lesser of 900 sq ft or half the 1,348 sq ft principal dwelling). Lot size: 8,189 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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$305,000
Was $315,000
Aug 29, 2026
MLS® 73564776
$315,000
Was $319,000
Aug 27, 2026
MLS® 73564776
$319,000
Aug 17, 2026
MLS® 73564776
Listing Agent: Michelle Sweeney
Listing Office: 1 Worcester Homes
MLS® Number: 73564776
