$1,100,000
106 Main St
Spencer, MA, 01562
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.
Property Details
Price:
$1,100,000
MLS #:
73492808
Status:
Active
Beds:
14
Baths:
13
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Mar 27, 2026
Finished Sq Ft:
17,554
Total Sq Ft:
17,554
Lot Size:
16,449 sqft / 0.38 acres (approx)
Year Built:
1900
Units:
17
Schools
Interior
Above Grade Finished Area
17554
Bathrooms
13 Full Bathrooms
Levels
3
Exterior
Lot Features
Corner Lot
Open Parking Spaces
14
Parking Spots
14
Parking Total
14
Stories
3
Financial
Tax Year
2025
Taxes
$6,429
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Spencer as of May 05, 2026
6
Multi Family Listed
24
Avg DOM
207
Avg $ / SqFt
$620,783
Avg List Price
Community
- Address106 Main St Spencer MA
- CitySpencer
- CountyWorcester
- Zip Code01562
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Property Summary
- 106 Main St Spencer MA is a Multi Family for sale in Spencer, MA, 01562. It is listed for $1,100,000 To schedule a showing of MLS#73492808 at 106 Main St in Spencer, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of NAI Glickman Kovago & Jacobs. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
106 Main St
Spencer, MA