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Active Under Contract

13 Lincoln St, Spencer MA 01562

$524,900

Estimated $1,234/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $262,450

Total Rent: 21600/year

Estimated CAP Rate:

9 Bedrooms

Baths

3456

Total Parking: 7

6,781 (0.16)

The next great addition to your portfolio could be right here in Spencer! Formerly configured as a three-family, this property has been converted to two spacious units, creating an especially versatile setup for investors, co-owners, or extended-family living. Unit 1 is currently occupied and provides great rental income, offering three bedrooms, one full bath, a living area, kitchen, private patio, and separate gas and electric meters. Unit 2 spans the second and third floors, offering multiple bedrooms, two full baths, two living areas, two kitchen areas, and a convenient stackable washer and dryer setup on the second floor, while the third floor features a large dedicated laundry room. All-new waterproof vinyl laminate flooring and numerous kitchen updates add even more appeal, including quartz counters, high-end sinks and faucets, a microwave, and a refrigerator. Recent improvements include two new water heaters installed in 2024, a newer roof with plywood, attic and blown-in insulation, and hot-air duct leak inspection. Outside, the property delivers an impressive seven off-street parking spaces, including stacked driveway parking and additional spaces made possible by the lot's frontage. A spacious yard and small shed round out the property, offering useful outdoor space for recreation, storage, or future possibilities. Conveniently located within an easy walk of downtown Spencer, Price Chopper, CVS, the library, restaurants, public transportation to Worcester, and more! Owner financing at a reduced rate may be available to well-qualified buyers. Whether you're looking to house extended family, share ownership, or add a flexible income-producing property to your portfolio, this one offers plenty of possibilities. Don't miss it!

This home has been viewed 1 time

Last Checked: October 20th, 2026 at 8:18am (Source: MLS PIN #73586773)

Gross Income: $21,600

Gross Expenses: $4,596

Net Income Calc: $17,004

Water Views

Annual Expenses for 13 Lincoln St, Spencer MA 01562

Total Gross Expenses (Calculated)$4,596/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4596

Annual Income & Unit Breakdown for 13 Lincoln St, Spencer MA 01562

Total Gross Income (Calculated)$21,600

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms6

Bathrooms2 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 13 Lincoln St, Spencer MA 01562

Listing ID73586773

Property TypeMulti Family

Price524900 ($151.88/SqFt)

StyleMulti Family

CitySpencer

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3456

Approximate Lot Size (Acres)0.16

Total Parking7

Garage Parking0

Year Built1840

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningVR

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 13 Lincoln St, Spencer MA 01562

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBlack Light Fixture Above Storage Bench In Kitchen.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 13 Lincoln St, Spencer MA 01562

Real Estate Taxes4596

Tax Year2026

Assessed Value$418,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 13 Lincoln St, Spencer MA 01562

Elementary SchoolWire Village

Middle SchoolKnox Trail Ms

High SchoolDavid Prouty Hs

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 13 Lincoln St, Spencer MA 01562

Agent

Name: Jim Black Group

Office

Name: Real Broker MA, LLC

Phone: 508-365-3532

Team Members

Payment Calculator

, Interest

Property Taxes 383

Principal & Interest 3234.27

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Real Broker MA, LLC

Jim Black Group

Agent Phone

Office Phone

(508) 365-3532

Text Agent Call Agent Call Office

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EXIT

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