Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Town House Ct Spencer, MA 01562

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,100,000

    Value-add multifamily opportunity in Spencer, Massachusetts with upside potential.

    Lot size:
    1.08 Acres

    Property Features for Town House Ct

    General Information

    Lot size
    1.08 Acres

    Building Details

    Year built
    1970

    Source: Matthews Real Estate Investment Services, Inc. Agent Nicholaus Jasinski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Townhouse Court Multifamily Investment

    Townhouse Court Apartments offers investors the opportunity to acquire a multifamily asset in Spencer, Massachusetts. The property consists of two adjacent nine-unit buildings, totaling 18 townhouse-style residences. The units feature two-bedroom layouts with direct access and individual utility metering. A surface parking lot is available. Recent exterior and landscaping upgrades have been completed. Select unit renovations have demonstrated rental premiums. The property is located off Route 9, less than 30 minutes from Downtown Worcester and the Mass Pike (Route 90), providing commuter access and proximity to regional employment opportunities. The property has below-market rents and value enhancement potential.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Spencer
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9806119
    Latitude
    42.2508604

    Nearby Similar for Sale

    • $900,000
      5,546 SF

      Renovated Commercial Building with Parking

      Commercial building with office spaces, garage, and handicap access.
      10 Meadow Rd, Spencer, MA 01562
      View Details
    • $769,900

      Custom Ranch with Horse Barn

      29.91-acre ranch featuring a horse barn and custom details.
      54 Hastings Rd, Spencer, MA 01562
      View Details
    • $499,900

      Updated Two-Family Home with Yard

      Updated two-family home, ideal for owner-occupancy or multi-generational living.
      13 Grove St, Spencer, MA 01562
      View Details
    • $589,000

      Turnkey Multifamily Property in Spencer

      Fully occupied 3-unit multifamily with potential for a 4th unit.
      50 Pleasant St, Spencer, MA 01562
      View Details
    • $1,300,000

      Value-Add Multifamily Portfolio Opportunity

      Six residences with value-add potential in Spencer, Massachusetts.
      79-83.5 Maple St, Spencer, MA 01562
      View Details
    • $525,000

      Queen Anne Victorian with Updates

      Updated Queen Anne Victorian with business opportunity in Spencer, MA.
      232 Main St, Spencer, MA 01562
      View Details

    FAQs

    What type of property is this?
    Apartment building - Value-add multifamily opportunity in Spencer, Massachusetts with upside potential.
    Where is this apartment building located?
    The property is located at Town House Ct Spencer, MA.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: - Value-add opportunity with potential for increased rental income through interior upgrades.; - Desirable townhouse-style units with two-bedroom layouts and direct access.; - Convenient location near Route 9, providing easy access to Worcester and the Mass Pike.
    (617) 448-1677
    Request Owner's contact information
    Town House Ct Spencer, MA 01562
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Town House Ct
    Spencer, MA 01562
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Town House Ct Spencer, MA 01562
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.