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    Spencer, MA
    Apartment Building

    Spencer, MA Apartment Buildings for Sale

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    Mixed-Use Multifamily Income Property
    Updated: Mar 27
    Mixed-Use Multifamily Income Property

    106 Main St, Spencer, MA 01562

    Contact for pricing
    17,554 sqft
    Mixed‑use building with 10 of 13 residential units and 3 of 4 commercial units currently tenant‑occupied
    Rental income supported by current tenant occupancy across both residential and commercial space
    All units are on month‑to‑month leases, offering flexibility to adjust rents or restructure leases
    Located along Spencer’s primary commercial corridor, about 15 miles east of the greater Worcester area
    Month‑to‑month leasing provides a straightforward path for potential value‑add with immediate cash flow
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    1 active listing matches your search: Apartment Building for sale in Spencer, MA. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    5-Unit Apartment Building
    5-Unit Apartment Building

    1524 Main St, Worcester, MA 01603

    $755,000
    4,260 sqft 0.32 AC lot

    All five units are vacant, with four renovated and one open to the studs.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    2-4 Cross St, Southbridge, MA 01550

    $885,000
    8,273 sqft 0.12 AC lot

    Direct-entry apartments occupy a corner parcel with off-street parking and separately metered utilities.

    View details
    Two-Building Five-Unit Apartment Property
    Two-Building Five-Unit Apartment Property

    664 Main St, Southbridge, MA 01550

    $825,000
    4,690 sqft

    The five residences include a one-bedroom house and a separate apartment building with varied two- and three-bedroom layouts.

    View details
    24-Unit Apartment Building Portfolio
    24-Unit Apartment Building Portfolio

    3 Ureco Ter, Worcester, MA 01602

    $4,850,000
    26,656 sqft

    Clustered apartment properties share a single private drive in Worcester’s Newton Square/West Side area.

    View details

    Spencer, MA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Spencer, MA on our real estate platform. These investment opportunities span a total of 17,554 square feet of properties for sale.

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    Demographics Overview

    Population 12K
    Population Growth (5Y) +0.4%
    Median Household Income $79,086
    College Educated 38.2%

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $25.23 per SF
    Tax Rate vs County Average 0.67 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Worcester County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Worcester County

    Residential Income

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