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106 Main St
Spencer, MA 01562
Multifamily Property For Sale
·
17 Units
Investment Highlights
- 10 of 13 residential units and 3 of 4 commercial units are currently tenant-occupied, generating rental income that supports the asking price.
- All leases are month-to-month, providing a prospective investor maximum flexibility to implement unit improvements, rent adjustments
Executive Summary
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.
The property is situated at 106 Main Street in the heart of downtown Spencer, Massachusetts, along the Route 9 corridor — the town's primary commercial thoroughfare. Located in central Worcester County, the site offers convenient access to local shops, services, and municipal amenities within walking distance. Spencer is approximately 15 miles west of Worcester, providing residents with proximity to the greater Worcester metropolitan area while maintaining a small-town setting. The Route 9 corridor also connects to nearby towns including Leicester, East Brookfield, and the broader central Massachusetts region.
The property is situated at 106 Main Street in the heart of downtown Spencer, Massachusetts, along the Route 9 corridor — the town's primary commercial thoroughfare. Located in central Worcester County, the site offers convenient access to local shops, services, and municipal amenities within walking distance. Spencer is approximately 15 miles west of Worcester, providing residents with proximity to the greater Worcester metropolitan area while maintaining a small-town setting. The Route 9 corridor also connects to nearby towns including Leicester, East Brookfield, and the broader central Massachusetts region.
Property Facts Under Contract
| Price Per Unit | $89,959 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 17,554 SF |
| No. Units | 17 | Average Occupancy | 76% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | Stores & Residential | ||
| Price Per Unit | $89,959 CAD |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 17,554 SF |
| Average Occupancy | 76% |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | Stores & Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 13 | - | - |
Property Taxes
| Parcel Number | SPEN-000008U-000001 | Improvements Assessment | $681,788 CAD |
| Land Assessment | $79,523 CAD | Total Assessment | $761,312 CAD |
Property Taxes
Parcel Number
SPEN-000008U-000001
Land Assessment
$79,523 CAD
Improvements Assessment
$681,788 CAD
Total Assessment
$761,312 CAD
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