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.
Listed by Nicholaus Jasinski
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Matthews Real Estate Investment Services, Inc.
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617-448-1677
Last updated June 08, 2025
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Source: MLSPin #73368911
Listing Facts
TypeMulti-family
NeighborhoodSpencer
Bedrooms36
Bathrooms18
Days on Prevu131
Taxes$14,327/year
Size14,760 sqft
Price per sqft$278
Amenities
Parking
Location
Mortgage Calculator
Listing History
06/04/2025
Price Decreased
$4,100,000
05/02/2025
Listed by Matthews Real Estate Investment Services, Inc.
$4,250,000
Property Details for 0 Townhouse Court
Exterior
Construction
Number Of Units Total: 18
Roof: Shingle
Stories: 4
Stories Total: 4
Year Built: 1970
Year Built Details: Approximate
Construction Materials: Frame
Measurements
Building Area Total: 14,760
Building Area Units: Square Feet
Lot Features: Other
Lot Size Square Feet: 1
Lot Size Units: Acres
Financial
Residential Income
Gross Income: $388,078.00
Operating Expense: $82,999.00
Taxes
Tax Annual Amount: $14,327.00
Tax Assessed Value: $1,252,400.00
Tax Year: 2024
Interior
Features
Flooring: Wood
Measurements
Living Area: 14,760
Living Area Source: Public Record
Rooms
Bathrooms Full: 18
Bathrooms Total Integer: 18
Bedrooms Total: 36
Rooms Total: 72
Parking
Parking
Parking Features: Off Street
Parking Total: 30
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
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