Three-Unit Multifamily
New
For Sale
$349,900
34 Valley Street, Spencer, MA 01562
Five bedrooms and three bathrooms are distributed across the property's residential units.
Property Size1,820 SF
Lot Size0.23 Acres
Price / SF$192.25
Days on Market5
Property Features for 34 Valley Street
General Information
Standard status
Active
Size
1,820 SF
Total Parking Spaces
6
Lot size
0.23 Acres
Property subtype
Multi-Unit (2-4)
Additional Details
Multifamily Units
3
Amenities
Lot Size Acres: 0.23, Lot Size Square Feet: 10054
Total Taxes: $3,380, Tax Year: 2026, Percentage of Tax that is Deductable: 0
Hardwood Floor, Vinyl Floor
Sale, Sale Type: Foreclosure, Availability Date: 2026-09-10
Basement Type: Full, Walkout
6 Bedrooms
Residential Style: Other, 3 Stories, Built in 1887, 13 Rooms
Neighborhood Name: Spencer
Above Area Square Feet: 1820
3 Full Baths
Enclosed Porch
Vinyl Siding, Wood Siding
Building Details
Year Built
1887
Listing Agency:
Your Home Sold Guaranteed Realty, The Nathan Clark Team
Listed By:
Rachel Sanville
(401) 232-7661
Source:
Doyle-realty
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 2:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Your Home Sold Guaranteed Realty, The Nathan Clark Team
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Investment Insights
Based on property information with market context.
This Spencer multifamily property contains three units with a combined 1,820 square feet of living area. The layout includes five bedrooms and three bathrooms, with the residence dating to 1887.
The property occupies a 0.23-acre lot and has parking for up to six vehicles.
The property occupies a 0.23-acre lot and has parking for up to six vehicles.
Key Highlights
- Three residential units
- 1,820 square feet of living area
- Five bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,602
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,040
$492.0K
Cap Rate 7%
$351,457
$351.5K
Cap Rate 9%
$273,356
$273.4K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$36.0K $19.80/SF
− Vacancy
−$890 −$0.49/SF
EGI
$35.1K $19.31/SF
− OpEx
−$10.5K −$5.79/SF
NOI
$24.6K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,040
Cap Rate 7%
$351,457
Cap Rate 9%
$273,356
Alternative Uses
Best Use
Multifamily LT 5
$351.5K
$307.5K – $410.0K
NOI $24,602 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$621.5K
$543.8K – $725.1K
NOI $43,505 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 01562, MA
11,992
Population
5,788
Households
2.1
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
32.9 sq mi
ZIP Area
364
Density / Sq Mi
$79,086
Median Household Income
$49,131
Median Earnings
$1,085
Median Rent
$368,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Five bedrooms and three bathrooms are distributed across the property's residential units.
Where is this triplex located?
The property is located at 34 Valley Street Spencer, MA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three residential units; 1,820 square feet of living area; Five bedrooms and three bathrooms
