Active
23 Days on market
27 Elm Street Spencer — Photo 1 of 35

27 Elm Street Spencer — Photo 1 of 35

$300,000

27 Elm Street, Spencer, MA 01562

Spencer, MA 01562

Beds

5

Baths

2

SqFt

1,658

Style

2 Family - 2 Units Up/Down

Built

1910

Property showings are available Mondays, Wednesdays, and Saturdays only. Please refer to the Special Showing Instructions for details on how to schedule an appointment.Don't miss this exceptional 2-family investment opportunity, offering two spacious, move-in-ready units with income potential and room for future growth. Whether you're looking to expand your portfolio or occupy one unit while generating rental income from the other, this property offers flexibility, efficiency, and long-term value.The first-floor unit features 3 bedrooms, 1 bathroom, a porch, and washer and dryer hookups. The second-floor unit offers 2 bedrooms, 1 bathroom, an enclosed porch, and access to the attic. The attic includes electricity and a bonus space, offering exciting potential to be finished into additional usable space, subject to buyer due diligence and any required approvals. All appliances pictured are included with the sale. Major improvements have already been completed, including conversion from oil to natural gas with a high-efficiency gas boiler, Mass Save insulation completed approximately four years ago, and an upgrade to 200-amp electrical service with updated wiring throughout the home. According to the seller, these efficiency upgrades have helped keep energy costs low. Five front-facing windows were also replaced last year. Additional highlights include a dedicated driveway with off-street parking and a convenient location near CVS, restaurants, local shops, and everyday essentials. With significant system upgrades already completed, both units ready for occupancy, and additional upside potential, this multi-family is a compelling opportunity for investors and owner-occupants alike.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$181/sqft
Local Avg (Spencer)$262/sqft
31% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Spencer, MA.

Property Details

Financials

Original Price$300,000
Annual Taxes$3,111

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms10
FireplacesNone
FlooringTile, Carpet, Laminate
BasementUnfinished

Climate & Utilities

HeatingNatural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationBrick/Mortar, Other
ZoningTC

Property & Lot

Acres0.07
SqFt Lot3,234
Lot Features--

Amenities & Appliances

Range • Refrigerator • Washer/Dryer • Range Hood

Geography

Population

12,008

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$81K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

37.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Cassandra Sierra

Listing Office: Charlesgate Realty Group, llc

MLS® Number: 73564642

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