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Owner finance

$524,900

13 Lincoln St

Spencer, MA 01562

Beds9
Baths3
Sq ft3,456
Year built1840
Rent estimate$2,231/mo
Listed by

Jim Black Group, Real Broker MA, LLC · (314) 325-6474

What the listing says

The next great addition to your portfolio could be right here in Spencer! Formerly configured as a three-family, this property has been converted to two spacious units, creating an especially versatile setup for investors, co-owners, or extended-family living. Unit 1 is currently occupied and provides great rental income, offering three bedrooms, one full bath, a living area, kitchen, private patio, and separate gas and electric meters. Unit 2 spans the second and third floors, offering multiple bedrooms, two full baths, two living areas, two kitchen areas, and a convenient stackable washer and dryer setup on the second floor, while the third floor features a large dedicated laundry room. All-new waterproof vinyl laminate flooring and numerous kitchen updates add even more appeal, including quartz counters, high-end sinks and faucets, a microwave, and a refrigerator. Recent improvements include two new water heaters installed in 2024, a newer roof with plywood, attic and blown-in insulation, and hot-air duct leak inspection. Outside, the property delivers an impressive seven off-street parking spaces, including stacked driveway parking and additional spaces made possible by the lot's frontage. A spacious yard and small shed round out the property, offering useful outdoor space for recreation, storage, or future possibilities. Conveniently located within an easy walk of downtown Spencer, Price Chopper, CVS, the library, restaurants, public transportation to Worcester, and more! Owner financing at a reduced rate may be available to well-qualified buyers. Whether you're looking to house extended family, share ownership, or add a flexible income-producing property to your portfolio, this one offers plenty of possibilities. Don't miss it!

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Multi-Family

HOA

None

More owner-financed homes near Spencer

Questions about owner financing in Spencer

What is owner financing for 13 Lincoln St?

Owner financing means the seller of 13 Lincoln St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Spencer, MA home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Spencer home?

There is no standard down payment. The seller of this Spencer home sets their own, and it is negotiable. Ask the seller or their agent.

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