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    Spencer, MA
    Residential Income

    Spencer, MA Residential Income Properties for Sale

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    East Brookfield, MA Leicester, MA North Brookfield, MA Oxford, MA Brookfield, MA Charlton, MA Worcester, MA Rutland, MA
    6 properties
    Renovated Triplex Across From Pond
    Updated: Mar 24
    Renovated Triplex Across From Pond

    42 Maple Street, Spencer, MA 01562

    $599,900
    3,662 sqft 0.08 AC lot
    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.
    Convenient location: close to shopping, restaurants, schools, walking distance to downtown, 20 minutes to Worcester & 40 minutes to Springfield.
    Three full bathrooms and six bedrooms.
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    This listing looks promising.

    Here's a quick look at some key insights for

    42 Maple Street, Spencer, MA 01562

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    • Est. Cap Rate

      8.3%
      Above avg (5.9%)

    • Est. NOI

      $50K
      Annual

    • Price @ 7% Cap

      $707K
      Above asking

    • Property Type

      Triplex
      Built 1900
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    Well-Maintained Three-Family in Spencer
    Updated: Apr 16
    Well-Maintained Three-Family in Spencer

    52 Church St, Spencer, MA 01562

    $399,900
    2,271 sqft 0.10 AC lot
    3‑family property built in 1939 with 5 bedrooms and 3 bathrooms total
    Duplex‑style layout: two units up/down—one 2 bed/1 bath and one 1 bed/1 bath
    Additional attached unit offers 2 bed/1 bath for owner‑occupy use or extra income potential
    All units feature in‑unit laundry
    Separate electric and gas meters for each unit
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    Mixed-Use Property with Retail
    Mixed-Use Property with Retail

    106 Main Street, Spencer, MA 01562

    $1,100,000
    17,554 sqft

    17-unit mixed-use building with 13 residential and 4 commercial units, with month-to-month leases.

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    Well-Maintained Multifamily Home
    Well-Maintained Multifamily Home

    32 Main Street, Spencer, MA 01562

    $485,000
    2,643 sqft

    Well-maintained multi-unit home with multiple entrances, bedrooms, and well-equipped kitchens plus private balconies.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    11-Unit Multifamily Investment
    11-Unit Multifamily Investment

    9-11 Maple St, Spencer, MA 01562

    $1,500,000

    Two connected buildings offer 10 one-bedroom units and one two-bedroom unit with off-street parking and shared laundry.

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    Well-Maintained Three-Family Property
    Well-Maintained Three-Family Property

    52 Church St, Spencer, MA 01562

    $399,900

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

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Spencer, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Vacant Five-Family Residential Building
    Vacant Five-Family Residential Building

    1524 Main St, Worcester, MA 01603

    $755,000
    4,260 sqft 0.32 AC lot

    Fully vacant five-family property with off-street parking, four units renovated and one unit stripped to the studs.

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    Two-Building Multifamily Property
    Two-Building Multifamily Property

    331 N Main St, North Brookfield, MA 01535

    $499,999
    3,387 sqft

    Package includes two buildings with three finished 2-bed, 1-bath units and one unfinished unit with completion potential.

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    Vacant Five-Family Residential Building
    Vacant Five-Family Residential Building

    1524 Main St, Worcester, MA 01603

    $765,000

    Fully vacant five-family property with multiple renovated units, off-street parking, and AS-IS condition for tailored improvements.

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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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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Chapel Hill Senior Housing Development
    Chapel Hill Senior Housing Development

    46 Chapel St, Leicester, MA 01611

    $1,750,000
    29.70 AC lot

    29.7-acre site permitted for 88 senior housing units.

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    17.6 Acres at Signalized Corner
    17.6 Acres at Signalized Corner

    8 N Main Street |, Charlton, MA 01507

    Contact for pricing
    17.60 AC lot

    17.6 acres at signalized corner, suitable for various uses.

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    Charlton Land Subdivision Opportunity
    Charlton Land Subdivision Opportunity

    Freeman Rd, Charlton, MA 01507

    $1,900,000
    99.00 AC lot

    Potential 41-lot single-family subdivision in Charlton, Massachusetts.

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    Commercial Development Land
    Commercial Development Land

    1 Chase Road, Sturbridge, MA 01566

    $1,500,000
    36.00 AC lot

    Large mixed-use development parcel with prior approval history and access to major interstates.

    View details

    Spencer, MA Residential Income Properties Market Trends and Statistics

    Explore 6 residential income properties for sale in Spencer, MA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 26,130 square feet of properties for sale, with an estimated market value of $2,584,800.

    Sale prices for residential income properties in Spencer, MA start at $399,900, averaging $646,200, and reaching up to $1,100,000 — 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

    Multifamily properties 3
    Triplexes 2

    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 $606.6K

    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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    Most Searched ZIP Codes in Spencer, MA

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