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    Spencer, MA
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    Spencer, MA Multifamily Properties for Sale

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    10 properties
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    Triplex with Off-Street Parking
    Updated: Aug 25
    Triplex with Off-Street Parking

    26 Elm Street, Spencer, MA 01562

    $320,000
    2,940 sqft 0.11 AC lot
    Three‑unit property with 2,940 square feet of building area
    Unit 1 spans the entire first floor; Units 2 and 3 are upstairs
    Six plus bedrooms and 3.5 bathrooms
    0.105‑acre lot with off‑street parking
    Built in 1900 and zoned VR
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    Three-Unit Property with Separate Utilities
    Updated: Apr 16
    Three-Unit Property with Separate Utilities

    52 Church St, Spencer, MA 01562

    $399,900
    2,271 sqft 0.10 AC lot
    Three‑unit multifamily property totaling 2,271 square feet
    Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
    In‑unit laundry provided in all units
    Separate electric and gas meters for each unit
    Built in 1939 on a 0.1001‑acre lot
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    Residential Income, Spencer, MA
    Residential Income, Spencer, MA

    99 Lakeshore Drive, Spencer, MA 01562

    $735,000
    2,096 sqft 4.34 AC lot

    Multifamily properties · 2,096 SF

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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.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    Waterfront Duplex with Dock
    Waterfront Duplex with Dock

    89 Jolicoeur Avenue, Spencer, MA 01562

    $549,000
    1,710 sqft

    Two single-level units feature fireplaces, eat-in kitchens, bedrooms, baths, and in-unit laundry hookups.

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    Three-Family Residential Income Property
    Three-Family Residential Income Property

    42 Maple, Spencer, MA 01562

    $589,900
    3,662 sqft 0.08 AC lot

    Recently renovated three-family home with updated electrical and plumbing, three full bathrooms, and parking for 3+ cars.

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    Mixed-Use Multifamily Income Property
    Mixed-Use Multifamily Income Property

    106 Main St, Spencer, MA 01562

    Contact for pricing
    17,554 sqft

    Partially tenant-occupied mixed-use building with month-to-month leases across residential and commercial units.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Well-Maintained Three-Family Property
    Well-Maintained Three-Family Property

    52 Church St, Spencer, MA 01562

    $399,900
    2,271 sqft

    Three-family property with in-unit laundry and separate utilities.

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    Triplex with Off-Street Parking
    Triplex with Off-Street Parking

    26 Elm St, Spencer, MA 01562

    $320,000

    Three-unit property with included appliances, an easy-care lot, and access to nearby shops, restaurants, and bus service.

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    Quadplex with Two-Car Garage
    Quadplex with Two-Car Garage

    8 Jones Street, Spencer, MA 01562

    $465,000

    Separate utility metering and off-street parking support flexible occupancy.

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    Historic Two-Story Multifamily Residence
    Historic Two-Story Multifamily Residence

    2 Church St, Spencer, MA 01562

    $474,900

    Built in 1898, this two-story residence offers two full bathrooms and six bedrooms across 2,272 square feet.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 10 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.

    Two-Unit Duplex with Detached Garage
    Two-Unit Duplex with Detached Garage

    291 N Main St, North Brookfield, MA 01535

    $399,900
    2,009 sqft

    Two residential units offer matching two-bedroom, one-bath layouts and recent interior and exterior improvements.

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    Triplex with Vacant Unit
    Triplex with Vacant Unit

    44 Grove St, Leicester, MA 01524

    $499,000
    2,914 sqft

    Two units are occupied, with one additional unit available for occupancy or leasing.

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    Vacant Two-Unit Duplex
    Vacant Two-Unit Duplex

    9 Warren Avenue, Leicester, MA 01524

    $399,900
    2,460 sqft

    Two-unit residential property with separate utilities, a newer roof, and one updated apartment ready for occupancy.

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    North Brookfield Multifamily Investment Opportunity
    North Brookfield Multifamily Investment Opportunity

    10 Rufus Putnam Rd, North Brookfield, MA 01535

    $525,000
    3.28 AC lot

    Four-unit multifamily property on over 3 acres in North Brookfield.

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    Spencer, MA Multifamily Properties Market Trends and Statistics

    Explore 10 multifamily properties for sale in Spencer, MA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 32,504 square feet of properties for sale, with an estimated market value of $4,253,600.

    Sale prices for multifamily properties in Spencer, MA start at $320,000, averaging $472,622, and reaching up to $735,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 5
    Apartment buildings 2
    Duplexes 1
    Quadplexes 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01562 $439.8K

    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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