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    50 Pleasant St Spencer, MA 01562

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    For Sale
    $589,000

    Fully occupied 3-unit multifamily with potential for a 4th unit.

    Lot size:
    0.44 Acres

    Property Features for 50 Pleasant St

    General Information

    Lot size
    0.44 Acres

    Building Details

    Year built
    1860

    Source: ERA Key Realty Services- Auburn Agent Joshua Hoffsommer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Multifamily Property in Spencer

    This is a fully occupied and turnkey 3-unit multifamily property located in Spencer, MA. The renovated property includes two 1-bedroom, 1-bath units and one 4-bedroom, 1-bath unit. All units feature modern finishes, including updated kitchens, baths, flooring, and paint. The property includes a fully fenced-in yard, providing privacy and outdoor space for tenants. Off-street parking is available. Each unit has separate utilities. The property is located near downtown Spencer, schools, shopping, and major commuter routes. There is potential for a 4th unit (buyer to verify). The property has a solid rental history with long-term tenants in place and is generating income. It presents an opportunity for investors or owner-occupants seeking additional income.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9964815
    Latitude
    42.2482888

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    FAQs

    What type of property is this?
    Multifamily property - Fully occupied 3-unit multifamily with potential for a 4th unit.
    Where is this multifamily property located?
    The property is located at 50 Pleasant St Spencer, MA.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: - Turnkey 3-unit multifamily property generating immediate income.; - Potential to add a 4th unit (buyer to verify).; - Fully renovated units with modern kitchens, baths, flooring, and paint.
    (774) 200-0913
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    50 Pleasant St Spencer, MA 01562
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    Spencer, MA 01562
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 Pleasant St Spencer, MA 01562
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