8 Jones Street, Spencer MA 01562
Spencer, MA 01562
$465,000
Est. $2,866/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
FINAL & BEST BY 8/14/26 5PM. EXPIRE 8/15 PLS TO ALLOW REVIEW & GET SIGNATURES. ESCALATION CLAUSES WILL NOT BE ACCEPTED OR LOVE LETTERS. Four-family property offering flexibility for both investors and owner-occupants. The unit mix includes two one-bedroom apartments, one two-bedroom apartment, and one apartment with three bedrooms. One unit is currently occupied, while the vacant one-bedrooms and two-bedroom units provide an opportunity for immediate owner occupancy, new tenant placement, or cosmetic improvements. Each unit has separate heat and electricity, with an owner’s meter serving the common lighting and two-car garage. The garage also features walk-up storage above, and the property provides ample off-street parking. Conveniently located near downtown Spencer, everyday services, Luther Hill Park, and a bus stop, with access to Routes 9 and 31, the Mass Pike, Worcester, and Sturbridge. A versatile multifamily opportunity with several paths for future use and income growth.
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Property History
Market Insights
Property Timeline
Status: Active under contract
Aug 14, 2026
Active → Active Under Contract
Pending Sale
Aug 14, 2026
Offer accepted, sale pending
Listed for Sale
Aug 10, 2026
$465,000
Original listing
Agent: Cliff Leinonen & Cindy Leinonen Team
Office: Houseworks Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/14/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 08/14/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 08/10/2026 | 🏠 Listed for Sale | $465,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $3,775 | $343,800 |
Financial Details
Annual Property Tax
$3,775
Tax Year 2026
Assessed Value
$343,800
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1940
Living Area
2,656 sq ft
Lot Size
0.22 acres
Stories
4
Bedrooms
7
Full Baths
4
Total Rooms
16
Investment Metrics
Units
4
Unit 1 Rent
$1,600/mo · Y
Unit 2 Rent
— · N
Unit 3 Rent
— · N
Unit 4 Rent
— · N
Total Monthly Rent
$1,600/mo
Gross Income
$31,200
Net Operating Income
$31,200
Cap Rate
6.71%
Interior
Heating
Baseboard, Natural Gas, Unit Control
Cooling
None
Flooring
Tile, Vinyl, Carpet, Varies, Laminate
Appliances
None, Range, Refrigerator, Washer, Dryer
Fireplace
None
Basement
Partially Finished, Interior Entry, Unfinished
Laundry
Electric Dryer Hookup, Washer Hookup
Features
High Speed Internet, Living Room, Kitchen, Sunroom
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive, Off Street, Tandem, Paved
Total Spaces
7
Utilities
Electric
Circuit Breakers, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$3,775
Assessed Value
$343,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
**see Firm Remarks. Escrow To Be Held By Sellers Attorney. Email Offers. All Information Deemed Reliable But Not Guaranteed And Should Be Independently Verified By Buyer And Buyers Agent.
Exclusions
Owners Personal Belongings Including But Not Limited To Refrigerator, Washer, Dryer
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Yellow
Sq Ft Source
Public Record
Sq Ft Disclosures
Public Record buyer to confirm to their satisfaction as well as the Cubicasa plans.
Documents
None
County
Worcester
Total market time (incl. prior listings)
18 days
Property Overview
Property Type
4 Family
Listing Type
Sale Pending
Year Built
1940
Bedrooms
7
Full Bathrooms
4
Living Area
2,656 sq ft
Total Rooms
16
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,656 sq ft above grade
640 sq ft below grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Vinyl, Carpet, Varies, Laminate
Appliances:
None, Range, Refrigerator, Washer, Dryer
Interior Features:
High Speed Internet, Living Room, Kitchen, Sunroom
Windows:
Screens
Basement:
Partially Finished, Interior Entry, Unfinished
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1940
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
4
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas, Unit Control
Heating Zones:
5
Cooling:
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Gentle Sloping
Road Surface:
Paved
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
7
Parking Features:
Paved Drive, Off Street, Tandem, Paved
Nearby Schools
School District
Spencer-East Brookfield School District local
F
Elementary Schools
3 schools
C-
Wire Village School
1.3 mi
|
#668 of 825
|
Score: 37.5
Improved 5 spots from last year
-20.7 below state avg
461 students
Diverse
Grades K-04
C-
East Brookfield Elementary School
2.6 mi
|
#725 of 825
|
Score: 33.9
Dropped 262 spots from last year
-24.3 below state avg
254 students
Moderate
Strong Attendance
Grades PK-06
Mad Brook Academy
3.7 mi
Grades PK
Middle Schools
2 schools
D
Knox Trail Middle School
0.6 mi
|
#327 of 352
|
Score: 28.7
Dropped 50 spots from last year
-29.5 below state avg
407 students
Diverse
Grades 05-08
C+
Leicester Middle School
4.4 mi
|
#226 of 352
|
Score: 38.6
Improved 5 spots from last year
-19.6 below state avg
401 students
Diverse
Grades 05-08
High Schools
3 schools
C
David Prouty High School
0.7 mi
|
#253 of 346
|
Score: 47.0
Dropped 8 spots from last year
-11.2 below state avg
321 students
Moderate
13 sports
• 482 athletes
Strong AP Program
Career Tech Programs
College Ready Curriculum
Grades 09-12
B
Leicester High School
4.5 mi
|
#163 of 346
|
Score: 54.7
Dropped 3 spots from last year
-3.5 below state avg
409 students
Diverse
14 sports
• 674 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
C-
North Brookfield High School
4.9 mi
|
#295 of 346
|
Score: 40.7
Improved 8 spots from last year
-17.5 below state avg
161 students
Moderate
College Ready Curriculum
Grades 06-12
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$315
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
8 Jones Street, Spencer MA 01562
Spencer, MA 01562
Listing Information
Listing Agent
Cliff Leinonen & Cindy Leinonen Team
Listing Office
Houseworks Realty
Office Phone
508-867-0903
Agent MLS ID
TEAM0227
Office MLS ID
K95476
Listing Data Updated
Aug 29, 2026 3:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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