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Renovated Triplex Across From Pond

42 Maple Street Spencer, MA 01562

42 Maple Street, Spencer, MA, 01562

$599,900

For Sale

$599,900

Updated triplex near downtown, ideal for owner-occupants or investors.

Property Size3,662 SF

Lot Size0.08 Acres

Price / SF$163.82

AddedMar 24

Days on Market114

Last RefreshJul 15 at 5:51 pm

Property Features for 42 Maple Street

General Information

Standard status: Active
Size: 3,662 SF
Lot size: 0.08 Acres
Property subtype: Multi-family / 3 Family - 3 Units Up/Down

Building Details

Year Built: 1900

Listing office Toner Real Estate, LLC

Listing date Mar 24, 2026

Source Compass

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 Toner Real Estate, LLC

Investment Insights

Based on property information with market context.

This recently renovated three-family dwelling, featuring updated electrical and plumbing, is located across from Muzzy Meadow Pond. Ready for immediate occupancy, the residence includes three full bathrooms and six bedrooms. The third-floor unit has a walk-up attic with two extra rooms awaiting finishing. The kitchen features elegant cabinets, updated countertops, and a tasteful backsplash. A welcoming deck extends the living experience outdoors on the 3657 square feet lot. Parking is available for 3+ cars. Constructed in 1900, this property offers enduring character. It presents an opportunity for owner-occupancy or investment. The location is convenient, close to shopping, restaurants, and schools, and within walking distance of downtown. It is also located 20 minutes from Worcester and 40 minutes from Springfield.

Key Highlights

Recently renovated with updated electrical and plumbing, ready for immediate occupancy.
Three‑family dwelling, ideal for owner occupancy or investment.
Meticulously designed kitchen with elegant cabinets, updated countertops, and tasteful backsplash.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$72.5k	$19.80
− Vacancy	−$1.8k	−$0.49
EGI	$70.7k	$19.31
− OpEx	−$21.2k	−$5.79
NOI	$49.5k	$13.52

3,662 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$707.2K

$618.8K – $825.0K (±1% cap)

NOI $49,502 @ 7.0% cap · market cap 8.25%

Second Best

Apartment 5plus

$615.4K

$538.5K – $718.0K (±1% cap)

NOI $43,080 @ 7.0% cap · market cap 7.18%

Theoretical Best

Office A

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,536 @ 7.0% cap · market cap 14.59%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

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For sale
Triplexes
MA
Spencer
01562
42 Maple Street

What type of property is this?

Triplex - Updated triplex near downtown, ideal for owner-occupants or investors.

Where is this triplex located?

The property is located at 42 Maple Street Spencer, MA.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: Recently renovated with updated electrical and plumbing, ready for immediate occupancy.; Three‑family dwelling, ideal for owner occupancy or investment.; **Meticulously designed kitchen with elegant cabinets, updated countertops, and tasteful backsplash.**