Lakefront Duplex
99 Lakeshore Dr Spencer, MA 01562
99 Lakeshore Dr, Spencer, MA, 01562
$849,900
For Sale
$849,900
Duplex on a 4.3-acre lot with over 400 feet of year-round lake frontage on Thompson Pond.
Property Size1,814 SF
Lot Size4.30 Acres
Price / SF$468.52
Days on Market102
Property Features for 99 Lakeshore Dr
General Information
- Standard status
- Active
- Size
- 1,814 SF
- Lot size
- 4.30 Acres
- Property subtype
- 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1945
Listing agency
Lakefront Living Realty, LLC
(508) 612-5783
Listed by
Richard Stockhaus
(508) 612-5783
Source
Lockandkeyre
Added: Apr 11 Updated: Jul 21 at 8:08AM Checked: Jul 21 at 8:08AM
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 Lakefront Living Realty, LLC
Investment Insights
Based on property information with market context.
This for-sale duplex offers a lakefront setting with a 4.3-acre lot and more than 400 feet of year-round frontage on Thompson Pond. The property also includes lake access under the causeway, providing the option to enjoy the serenity of both sides of the pond.
Thompson Pond is a 116-acre, fully recreational lake fed by Turkey Hill Brook and Caruth Brook. The pond is dam controlled, which can be an important consideration for those seeking a lake home. Public remarks also note that the area is near Camp Marshall and Spencer State Forest, with 965 walking trails.
The combination of duplex ownership with a private lake setting supports flexible use as a rental property or for extended family or overnight guests, as described in the listing remarks.
Thompson Pond is a 116-acre, fully recreational lake fed by Turkey Hill Brook and Caruth Brook. The pond is dam controlled, which can be an important consideration for those seeking a lake home. Public remarks also note that the area is near Camp Marshall and Spencer State Forest, with 965 walking trails.
The combination of duplex ownership with a private lake setting supports flexible use as a rental property or for extended family or overnight guests, as described in the listing remarks.
Key Highlights
- Duplex on a 4.3‑acre lot with over 400 feet of year‑round lake frontage on Thompson Pond
- Year built: 1945
- Thompson Pond is dam controlled and is fed by Turkey Hill Brook and Caruth Brook
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.9k | $19.80 |
| − Vacancy | −$887 | −$0.49 |
| EGI | $35.0k | $19.31 |
| − OpEx | −$10.5k | −$5.79 |
| NOI | $24.5k | $13.52 |
1,814 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.3K
$306.5K – $408.7K
NOI $24,521 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$304.9K
$266.8K – $355.7K
NOI $21,340 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$619.5K
$542.0K – $722.7K
NOI $43,362 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex on a 4.3-acre lot with over 400 feet of year-round lake frontage on Thompson Pond.
Where is this duplex located?
The property is located at 99 Lakeshore Dr Spencer, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Duplex on a 4.3‑acre lot with over 400 feet of year‑round lake frontage on Thompson Pond; Year built: 1945; Thompson Pond is dam controlled and is fed by Turkey Hill Brook and Caruth Brook
