
24 Briarcliff Ln #B Spencer — Photo 1 of 41
$385,000
Investment Analysis — 24 Briarcliff Ln #B
Spencer, MA 01562
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01562 carries an estimated $1,670/mo in gross rent — about a 2.99% cap rate and $11,520/yr in estimated NOI at the $385,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,519
Style
Single Family
Built
1935
Finally an affordable home near the water! Make memories in the summer on the lake and breathe that Fall air as you sit and relax in your backyard or by the water watching the sunsets. This spacious and remodeled single family home is one of three homes converted to a condo on private 68 Acre Cranberry Meadow Pond! Enjoy the benefits that come with a condo association such as exterior repairs being covered and plowing in the winter. This home has exclusive access to the yard as well as deeded access to water. The lake is beautiful! Home features 5-6 rooms. First floor has a large eat-in kitchen with oak cabinets. Kitchen features cooking stove, dishwasher and fridge. Full bathroom on first floor as well as laundry and an office / study on the lakeside of the house. There is also a first-floor bedroom to take stairs out the equation and makes for easy one floor living! Second floor is one huge versatile room including a perfect area for an office overlooking the lake. Use as a family room or huge master bedroom as it is now. Architectural shingled roof done in 2013 and exterior was recently painted. Outsize there is an oversized deck and gathering area in the back yard. Tastefully renovated and remodeled throughout. Nothing left to do! If you want a great manageable home with water access and potential one level living take a look and you will not want to leave!
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: 760 sq ft (the lesser of 900 sq ft or half the 1,519 sq ft principal dwelling).
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl FirstBathroom 1
Lvl FirstProperty History
$385,000
Sep 12, 2026
MLS® 73576362
$385,000
Sep 4, 2026
MLS® 73572220
Listing Agent: Nathan Neylon
Listing Office: William Neylon Real Est.
MLS® Number: 73576362