Three-Family Residential Income
42 Maple Spencer, MA 01562
42 Maple, Spencer, MA, 01562
$619,900
For Sale
$619,900
Recently renovated three-family home with updated electrical and plumbing, three full bathrooms, and parking for 3+ cars.
Property Size3,662 SF
Lot Size0.08 Acres
Price / SF$169.28
Days on Market140
Property Features for 42 Maple
General Information
- Standard status
- Active
- Size
- 3,662 SF
- Lot size
- 0.08 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Toner Real Estate,LLC
Listed by
Melissa Jeffery
(617) 846-8000
Source
Highlandre
Added: Mar 4 Updated: Jul 21 at 3:22PM Checked: Jul 21 at 3:22PM
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 features updated electrical and plumbing and is configured to provide three full bathrooms and six bedrooms across the units. The third-floor unit includes a walk-up attic with two additional rooms that are waiting to be finished, offering flexibility for future improvements. The home’s kitchen has been updated with new cabinetry, updated countertops, and a tasteful backsplash. A deck extends the living space outdoors, and the property provides parking for 3+ cars.
The property is located across from Muzzy Meadow Pond and is described as being conveniently close to shopping, restaurants, and schools, with walking distance to downtown. The public remarks also note proximity to major nearby employment centers, including about 20 minutes to Worcester and about 40 minutes to Springfield.
Originally constructed in 1900, the home totals 3,662 square feet and sits on a 3,657 square foot lot, according to the provided information.
The property is located across from Muzzy Meadow Pond and is described as being conveniently close to shopping, restaurants, and schools, with walking distance to downtown. The public remarks also note proximity to major nearby employment centers, including about 20 minutes to Worcester and about 40 minutes to Springfield.
Originally constructed in 1900, the home totals 3,662 square feet and sits on a 3,657 square foot lot, according to the provided information.
Key Highlights
- Recently renovated three‑family home with updated electrical and plumbing
- 3 full bathrooms and 6 bedrooms total, with third‑floor unit plus walkup attic
- Third‑floor walkup attic includes two extra rooms waiting to be finished
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 | $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
NOI $49,502 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$615.4K
$538.5K – $718.0K
NOI $43,080 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,536 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Recently renovated three-family home with updated electrical and plumbing, three full bathrooms, and parking for 3+ cars.
Where is this triplex located?
The property is located at 42 Maple Spencer, MA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Recently renovated three‑family home with updated electrical and plumbing; 3 full bathrooms and 6 bedrooms total, with third‑floor unit plus walkup attic; Third‑floor walkup attic includes two extra rooms waiting to be finished
