Under Agreement
106 Main St, Spencer, MA
Spencer · MA 01562
- $1,100,000
- Price
- 14
- Beds
- 13
- Baths
- 17554
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
17 Units
Lot size:
0.38 Acre Lot
Price per square foot:
$63 / Sq.Ft
Parking:
14 Off Street Spaces
About this home
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.
Neighborhood & Transit
106 Main St, Spencer · MA 01562
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 221 days
- Listing Price:
- $1,100,000
- Price per Sq.Ft:
- $63
- Tax Assessment:
- $547,600 in 2025
- Taxes:
- $536 / Monthly
Home Facts
Interior Features
- Bedrooms
- 14
- Full Bathrooms
- 13
- Half Bathrooms
- 0
- Living Area
- 17,554 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 17554
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 16,449 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 14 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- James Glickman
- Listing office
- NAI Glickman Kovago & Jacobs
- MLS PIN #
- 73492808