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113 Charlton Rd Spencer — Photo 1 of 32

113 Charlton Rd Spencer — Photo 1 of 32

$440,000

Investment Analysis — 113 Charlton Rd

Spencer, MA 01562

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01562 carries an estimated $2,040/mo in gross rent — about a 3.23% cap rate and $14,229/yr in estimated NOI at the $440,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,392

Style

Single Family

Built

1950

Turn-Key Ranch — Welcome to your new home. Just turn the key, move in, and start enjoying the upcoming holidays in your beautifully updated home. This inviting 3-bedroom, 1-bath ranch was fully renovated in 2020 and offers the perfect blend of comfort, convenience, and privacy. Major upgrades include a new roof, updated electrical, new windows, septic system, plumbing, paved driveway, whole-house filtration system, hot water tank, and central heating & air conditioning. The current owners have added even more value with a Generac propane-fueled automatic generator, new vinyl flooring in the family room, new garage doors, and a backyard patio ideal for relaxing or entertaining. The open-concept kitchen is designed for everyday living and hosting, featuring granite countertops, stainless steel appliances, under-cabinet lighting, and recessed lighting, all flowing seamlessly into the dining and family room. Step outside onto your patio and enjoy your private, tree-lined backyard—perfect for gatherings, quiet mornings, or simply soaking in nature. The basement offers additional flexible space with walk-out access to the garage and the potential to be finished for even more living area. This home truly has it all modern updates, comfort, convenience, and room to grow. Schedule your showing today—this turn-key gem won’t last!

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: 696 sq ft (the lesser of 900 sq ft or half the 1,392 sq ft principal dwelling). Lot size: 20,534 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.

Property Details

Financials

Original Price$440,000
Annual Taxes$4,376

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Vinyl
BasementFull

Climate & Utilities

HeatingCentral, Propane
CoolingCentral Air
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningSR

Property & Lot

Acres0.47
SqFt Lot20,534
Lot FeaturesWooded, Easements

Amenities & Appliances

Electric Water Heater • Microwave • Washer • Water Treatment • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Range

Neighborhood

Public Transportation • Shopping

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomPrimary BedroomBedroom 2Bedroom 3Bathroom 1
Main,First
Kitchen
Living Room
Lvl First

Flooring - Vinyl

Dining Room
Lvl First

Flooring - Hardwood, Window(s) - Picture, Archway

Kitchen
Lvl Main,First

Flooring - Vinyl, Pantry, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances

Primary Bedroom
Lvl First

Closet, Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower, Closet, Flooring - Vinyl, Recessed Lighting

Listing Provided By

Listing Agent: Joyce Mulherin

Listing Office: Buy Rite Home

MLS® Number: 73576413