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    Spencer, MA
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    Spencer, MA Apartment Buildings for Sale

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    East Brookfield, MA Leicester, MA North Brookfield, MA Charlton, MA Oxford, MA Brookfield, MA Paxton, MA Worcester, MA
    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
    View details
    11-Unit Two-Building Apartment Investment
    Updated: May 28
    11-Unit Two-Building Apartment Investment

    9 Maple Street, Spencer, MA 01562

    Contact for pricing
    8,432 sqft
    Two‑building 11‑unit multifamily in Spencer, built in 1893
    Fully occupied, cash‑flowing investment property
    Unit mix includes ten 1‑bedroom units and one 2‑bedroom unit
    Tenants have off‑street parking
    Shared on‑site laundry for tenants
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Spencer, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Five-Family Apartment Building
    Five-Family Apartment Building

    1524 Main St, Worcester, MA 01603

    $755,000
    4,260 sqft 0.32 AC lot

    Fully vacant five-family property in RL-7 zoning with off-street parking and extensive unit renovations underway.

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

    56 Morton Station Road, Charlton, MA 01507

    $849,900
    5,084 sqft 3.44 AC lot

    Six-unit apartment building with five two-bedroom apartments and one one-bedroom apartment.

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

    56 Morton Station Road, Charlton, MA 01507

    $849,900
    3.44 AC lot

    Six residential units include five two-bedrooms and one one-bedroom, with a handicap-accessible first-floor layout.

    View details
    Vacant Five-Family Residential Building
    Vacant Five-Family Residential Building

    1524 Main St, Worcester, MA 01603

    $755,000

    Fully vacant five-family property with multiple renovated units, off-street parking, and AS-IS condition for tailored improvements.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Duplex
    Detached Two-Family Duplex

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Duplex on an R7a-zoned lot with three bedrooms per unit and a semi-finished basement with separate entrance.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Spencer, MA Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Spencer, MA on our real estate platform. These investment opportunities span a total of 25,986 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%

    High-Yield Neighborhoods for Investment

    Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01562 $1.3M

    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)

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