Well-Maintained Three-Family in
52 Church St Spencer, MA 01562
52 Church St, Spencer, MA, 01562
$399,900
Pending
For Sale
$399,900
Pending
MULTI_FAMILY - Spencer, MA
Property Size2,271 SF
Lot Size0.10 Acres
Days on Market98
Property Features for 52 Church St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- VR
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1
- Parking
- 5
- Standard status
- Pending
- APN
- 1692842
- Size
- 2,271 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3368
Building Details
- Year built
- 1939
- Floors in Building
- 5
- Number of units
- 3
Listing agency
Keller Williams Realty Evolution
(781) 395-5600
Listed by
Keller Williams Realty Evolution
Added: Apr 16 Updated: Jul 13 at 7:12PM Checked: Jul 22 at 9:06PM
MLS# 73502786
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Investment Insights
Based on property information with market context.
This well-maintained three-family property presents an opportunity for investment or owner occupancy. The property features a layout with two up-and-down units: one with two bedrooms and one bathroom, and the other with one bedroom and one bathroom. Additionally, there is a side-attached unit with two bedrooms and one bathroom, suitable for owner occupancy or rental income. All units include in-unit laundry and separate electric and gas meters. The kitchens and bedrooms are well-sized and offer a functional layout. The property provides ample parking and is situated in a convenient location. The property size is 2271 square feet and the lot size is 0.1001 acres.
Key Highlights
- 3‑family property built in 1939 with 5 bedrooms and 3 bathrooms total
- Duplex‑style layout: two units up/down—one 2 bed/1 bath and one 1 bed/1 bath
- Additional attached unit offers 2 bed/1 bath for owner‑occupy use or extra income potential
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $43.9k | $19.31 |
| − OpEx | −$13.2k | −$5.79 |
| NOI | $30.7k | $13.52 |
2,271 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.6K
$383.7K – $511.7K
NOI $30,699 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$381.7K
$334.0K – $445.3K
NOI $26,716 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$775.5K
$678.6K – $904.8K
NOI $54,286 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three-unit property with in-unit laundry and separate utilities.
Where is this triplex located?
The property is located at 52 Church St Spencer, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3‑family property built in 1939 with 5 bedrooms and 3 bathrooms total; Duplex‑style layout: two units up/down—one 2 bed/1 bath and one 1 bed/1 bath; Additional attached unit offers 2 bed/1 bath for owner‑occupy use or extra income potential
