Mixed-Use Multifamily Income
For Sale
Contact for pricing
Pending
106 Main St, Spencer, MA 01562
Partially tenant-occupied mixed-use building with month-to-month leases across residential and commercial units.
Property Size17,554 SF
Days on Market171
Property Features for 106 Main St
General Information
Standard status
Pending
Size
17,554 SF
Property subtype
MULTIFAMILY
Additional Details
Multifamily Units
13
Building Details
Tenancy
Multi
Listing Agency:
NAI Glickman Kovago & Jacobs
(508) 753-9100
Listed By:
Cody Miner · License ##9576624
(508) 389-3769
Source:
Moodyscre
Added: Mar 27
Changed: Sep 10
Last Checked: Sep 13 at 8:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Glickman Kovago & Jacobs
Investment Insights
Based on property information with market context.
This mixed-use multifamily income property includes 13 residential units and 4 commercial units. According to the current occupancy, 10 of the residential units and 3 of the commercial units are tenant-occupied, generating rental income. All units are on month-to-month leases, which provides flexibility for an owner to adjust operations and unit improvements without being limited by long-term lease terms.
The property is situated along Spencer’s primary commercial corridor, with steady local foot traffic and convenient access to the greater Worcester area, approximately 15 miles to the east.
The building’s unit-level tenancy and lease structure may appeal to buyers looking for immediate income with the ability to manage leases and updates on an ongoing basis.
The property is situated along Spencer’s primary commercial corridor, with steady local foot traffic and convenient access to the greater Worcester area, approximately 15 miles to the east.
The building’s unit-level tenancy and lease structure may appeal to buyers looking for immediate income with the ability to manage leases and updates on an ongoing basis.
Key Highlights
- 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
Property Analytics
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Current Use
Lease Details
13
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 01562, MA
11,992
Population
5,788
Households
2.1
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
32.9 sq mi
ZIP Area
364
Density / Sq Mi
$79,086
Median Household Income
$49,131
Median Earnings
$1,085
Median Rent
$368,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Partially tenant-occupied mixed-use building with month-to-month leases across residential and commercial units.
Where is this apartment building located?
The property is located at 106 Main St Spencer, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 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
