Investment Analysis — 17 Highland St

Spencer, MA 01562 — Worcester County

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 3.99% cap rate and $16,355/yr in estimated NOI at the $409,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

2,059

Style

Single Family

Built

1887

Welcome to 17 Highland Street! This spacious 4-bedroom, 1.5-bath home offers approximately 2,059 square feet of living space situated on a generous 6850 square foot lot and features an impressive list of recent updates.Major improvements include new windows (2025), new exterior doors(2025), a new roof (2026), a new gas meter (2019), and a new electrical panel (2019)—providing buyers with several important updates already completed. The home's generous layout offers plenty of room to accommodate a variety of needs, with four bedrooms and ample living space to make your own.Conveniently located in Spencer, this property presents an excellent opportunity for buyers looking for space, value, and significant recent improvements. Come see the possibilities at 17 Highland Street and make this home your own!

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: 900 sq ft (the lesser of 900 sq ft or half the 2,059 sq ft principal dwelling). Lot size: 6,850 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 MLS and other third-party data may be inaccurate or out of date.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.