106 Main St, Spencer, MA 01562
106 Main St, Spencer, MA 01562
106 Main St, Spencer, MA 01562
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$1,100,000
Est. payment /mo
14 Beds
13 Baths
17,554 SqFt
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UPDATED:

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

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Listed by NAI Glickman Kovago & Jacobs

NEARBY SCHOOLS & PROPERTIES

BHRE Brad Hutchinson Real Estate

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts 02176, United States

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106 Main St