9 Maple Street, Spencer, MA 01562
Two-building 11-unit multifamily with off-street parking and shared laundry, fully occupied and cash-flowing.
- Added:
- May 28, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 6 at 4:56 am
Property Features for 9 Maple Street
General Information
- Standard status
- Active
- Size
- 8,432 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1893
Listing agent James Black License #K8001180
Listing office Real Broker MA LLC
Listing date May 28, 2026
Source Crexi
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 Real Broker MA LLC
HighLights
- Two‑building 11‑unit multifamily in Spencer, built in 1893
- Fully occupied, cash‑flowing investment property
- Unit mix includes ten 1‑bedroom units and one 2‑bedroom unit
- Tenants have off‑street parking
- Shared on‑site laundry for tenants
Overview
The property is located at 9-11 Maple St in Spencer, MA. The remarks also note a central location with convenient access to local shops, restaurants, and everyday amenities.
For investors or portfolio buyers, this offering presents a stabilized apartment asset with an established unit mix and ongoing resident use of on-site shared laundry and parking. The combination of a fully occupied structure and straightforward residential configuration can support straightforward operations for an owner seeking multifamily income in Spencer.
Local Financial Insights For Apartment 5plus
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 | $185.2k | $21.96 |
| − Vacancy | −$4.8k | −$0.57 |
| EGI | $180.4k | $21.39 |
| − OpEx | −$81.2k | −$9.63 |
| NOI | $99.2k | $11.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.9917426
- Latitude
- 42.2435877
