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    Mixed-Use Multifamily Income Property
    Updated: Mar 27
    Mixed-Use Multifamily Income Property

    106 Main St, Spencer, MA 01562

    Contact for pricing
    17,554 sqft
    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
    Located along Spencer’s primary commercial corridor, about 15 miles east of the greater Worcester area
    Month‑to‑month leasing provides a straightforward path for potential value‑add with immediate cash flow
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    See what stands out in Worcester County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Spencer, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    5-Unit Apartment Building
    5-Unit Apartment Building

    1524 Main St, Worcester, MA 01603

    $755,000
    4,260 sqft 0.32 AC lot

    All five units are vacant, with four renovated and one open to the studs.

    View details
    Five-Family Apartment Building
    Five-Family Apartment Building

    1524 Main St, Worcester, MA 01603

    $755,000
    4,260 sqft

    Vacant five-unit property with four updated units, one unfinished unit, and off-street parking.

    View details
    6-Unit Apartment Building with Laundry
    6-Unit Apartment Building with Laundry

    56 Morton Station Road, Charlton, MA 01507

    $849,900
    5,084 sqft 3.44 AC lot

    Six-unit residential property with varied apartment layouts, basement laundry, and a first-floor accessible residence.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    56 Morton Station Road, Charlton, MA 01507

    $849,900
    3.44 AC lot

    Six residential units include five two-bedrooms and one one-bedroom, with a handicap-accessible first-floor layout.

    View details

    Spencer, MA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Spencer, MA on our real estate platform. These investment opportunities span a total of 17,554 square feet of properties for sale.

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    Demographics Overview

    Population 12K
    Population Growth (5Y) +0.4%
    Median Household Income $79,086
    College Educated 38.2%

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $25.23 per SF
    Tax Rate vs County Average 0.67 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Worcester County

    New Delisted

    Total CRE Inventory on Market (SF)

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