Matthews™ Announces Record-Breaking $4 Million Sale of Townhouse Court in Massachusetts

BOSTON, MA— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of an 18-unit townhouse-style apartment community located at 0 Townhouse Ct in Spencer, Massachusetts. Matthews™ Vice President Nick Jasinski represented the seller in the $4,025,000 transaction, which set a sale price record in Spencer and surrounding towns for properties under 40 units.

 

The seller recently completed extensive interior and exterior renovations, positioning it as a high-quality housing option within an undersupplied submarket of the greater Worcester area. The decision to bring the property to market was driven by the successful execution of a value-add business plan, allowing the seller to capitalize on the improvements through a competitive sale process.

 

Matthews™ executed a full marketing and transaction process, sourcing a regional investor entering the Spencer submarket with plans to stabilize the community and hold the asset for long-term cash flow. The transaction closed at 98% of the listing price, with the first buyer to go under contract.

 

“Despite broader economic uncertainty, well-executed multifamily investments are still commanding premium pricing,” said Jasinski. “This transaction reflects how disciplined execution and strong fundamentals can drive competitive outcomes in secondary markets.”

 

For more information, please contact Nick Jasinski or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.