Townhouse Court Apartments presents investors with a compelling opportunity to acquire a well-located, value-add multifamily asset in Spencer, Massachusetts. Comprising (2) adjacent 9-unit buildings totaling 18 townhouse-style residences, the property offers immediate upside through interior upgrades and rent repositioning. All units feature desirable two-bedroom layouts with direct access, individual utility metering, and a surface parking lot. Townhouse Court has benefitted from recent exterior and landscaping upgrades, while select unit renovations have demonstrated strong rental premiums. Located just off Route 9 and less than 30 minutes to Downtown Worcester and the Mass Pike (Route 90), the property is ideally situated for commuter access, regional employment, and long-term tenant retention. With strong fundamentals, below-market rents, and clear value enhancement potential, Townhouse Court Apartments is positioned to deliver outsized returns in a tight Central MA market.
For sale
$4,250,000
0 Town House Ct, Spencer, MA 01562
36beds
14,760sqft
Est.:
5+ Family - 5+ Units Side by Side
Built in 1970
-- sqft lot
$327,200 Zestimate®
$288/sqft
$-- HOA
What's special
Surface parking lotIndividual utility meteringSelect unit renovationsDesirable two-bedroom layouts
- 29 days
- on Zillow |
- 730 |
- 30 |
Zillow last checked: 7 hours ago
Listing updated: May 06, 2025 at 12:08am
Listed by:
Nicholaus Jasinski,
Matthews Real Estate Investment Services, Inc.,
Nicholaus Jasinski
Source: MLS PIN,MLS#: 73368911
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 36
- Bathrooms: 18
- Full bathrooms: 18
Features
- Flooring: Wood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 14,760
- Total interior livable area: 14,760 sqft
- Finished area above ground: 14,760
Property
Parking
- Total spaces: 30
- Parking features: Off Street
Lot
- Size: 1.08 Square Feet
- Features: Other
Details
- Zoning: SR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Side by Side
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Spencer
Financial & listing details
- Price per square foot: $288/sqft
- Tax assessed value: $1,252,400
- Annual tax amount: $14,327
- Date on market: 5/2/2025
- Total actual rent: 3995
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