106 Main St, Spencer, MA 01562
106 Main St, Spencer, MA 01562
106 Main St, Spencer, MA 01562
106 Main St, Spencer, MA 01562
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MaryJane Silva

MaryJane Silva

+1(508) 317-9195
$ 1,100,000
Est. payment | /mo

14 Beds

13 Baths

17,554 SqFt

Save
$ 1,100,000
Est. payment | /mo
Save

14 Beds

13 Baths

17,554 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Pending

Purchase Type For Sale

Square Footage 17,554 sqft

Price per Sqft $62

MLS Listing ID 73492808

Bedrooms 14

Full Baths 13

Year Built 1900

Annual Tax Amount $6,429

Tax Year 2025

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

Presenting a 17-unit mixed-use property located on Route 9 in downtown Spencer, Massachusetts, comprising 13 residential units and 4 commercial units. The property currently operates with strong occupancy — 10 of 13 residential units and 3 of 4 commercial units are tenant-occupied, generating rental income that supports the asking price at current rates. All leases are structured on a month-to-month basis, offering a prospective investor maximum flexibility to implement a value-add strategy through unit improvements, rent adjustments, and lease restructuring without the constraints of long-term tenant agreements. Situated along Spencer's primary commercial corridor with steady local foot traffic and convenient access to the greater Worcester area, this property presents a compelling opportunity for an investor seeking immediate cash flow with significant upside potential. Do not contact the residences or the business on property.

Location

State MA

County Worcester

Zoning C

Direction Downtown Spencer on Route 9 with easy access to Worcester and major highways nearby.

Exterior

Total Parking Spaces 14

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by NAI Glickman Kovago & Jacobs

Schools and Properties Nearby

MaryJane Silva

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(508) 317-9195

mjsellscapecodshomes@gmail.com

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106 Main St