Renovated Triplex Across From
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
Days on Market119
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 Agency
Toner Real Estate, LLC
(781) 780-9054
Listed by
Melissa Jeffery · License #9035650
(781) 780-9054
Source
Compass
Added: Mar 24 Checked: Jul 19 at 7:12 am
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
- 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 8.25%
Second Best
Apartment 5plus
$615.4K
$538.5K – $718.0K
NOI $43,080 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
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
Similar For Sale Nearby
FAQs
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.**
