16 Old Farm Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 9, 2026 | Sold | ||
| Sold | |||
| Dec 2, 2025 | In contract | - | |
| In contract | |||
| Nov 21, 2025 | Listed by Berkshire Hathaway HomeServices Realty Professionals | $350,000 | |
| Listed by Berkshire Hathaway HomeServices Realty Professionals | |||
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Welcome to this classic Colonial in a well-established Spencer, MA neighborhood just steps from local parks and the Spencer Fairgrounds. The main level offers a comfortable flow with a living room featuring a cozy pellet stove, a dedicated dining room, and a family room for added gathering space. The home also includes solar efficiency to help manage utility costs. Bedrooms upstairs provide flexibility and can easily double as a home office, playroom, or hobby space. Inside, you’ll find solid, functional living areas ready for updating. Bring your vision and creativity to enhance the home’s charm and make it your own. A practical opportunity in a friendly town known for its community events, outdoor spaces, and small-town character. Being sold "as-is", kitchen island, dining room table and chairs and outdoor play gym / swing set to remain.
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| Oct 23, 2020 | Sold | ||
| Sold | |||
| Aug 19, 2020 | Listed by Emerson REALTORS® | $279,000 | |
| Listed by Emerson REALTORS® | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017