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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Patrick Foran

Patrick Foran

Foran Realty, Inc

+1(508) 385-1355
$ 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

Nearby Locations

Patrick Foran

The buying and selling process is all about YOU. Whether you're a first time home buyer or a seasoned investor, I custom tailor my approach to suit YOUR needs.

 

Don't hesitate to reach out even for the most basic questions. I'm happy to help no matter where you are in the process.

+1(508) 385-1355

pforan@foranrealty.com

543 Main St, Dennis, Massachusetts 02638, United States

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106 Main St