Maple Street Apartments offers investors a rare opportunity to acquire a small, value-add multifamily portfolio in the heart of Spencer, Massachusetts. The property consists of (3) adjacent two-unit buildings, totaling 6 residences with direct-entry layouts that resemble sin...
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Last Checked: June 9th, 2025 at 6:13am (Source: MLS PIN #73366799)
Gross Income: $36,000
Gross Expenses: $26,510
Net Income Calc: $9,490
CAP Rate: 0.73%
Annual Expenses for 79-83.5 Maple Street, Spencer MA 01562
Total Gross Expenses (Calculated)$26,510/year
APOD AvailableYes
Heating
Electricity
Water$4,598
Gas$4,598
Insurance$2,372
Sewer$4,598
Trash Removal
Repair & Maintenance$5,296
Management$3,178
Miscellaneous$2,844
Real Estate Tax$8,222
Annual Income & Unit Breakdown for 79-83.5 Maple Street, Spencer MA 01562
Total Gross Income (Calculated)$36,000
Unit 1
Rental Income$1,500
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$1,500
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 79-83.5 Maple Street, Spencer MA 01562
Listing ID73366799
Property TypeMulti Family / 5+ Family
Price$1,300,000 ($358.72/SqFt)
Style5-9 Family
CitySpencer
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total3,624 SqFt
Approximate Lot Size (Acres)0.66 acres
Total Parking12
Garage Parking
Year Built1978
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesOther
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningVR
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 79-83.5 Maple Street, Spencer MA 01562
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$26,510
Total Gross Income By Broker$105,924
Total Net Income By Broker$79,414
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 79-83.5 Maple Street, Spencer MA 01562
Real Estate Taxes$8,222
Tax Year2024
Assessed Value$99
Financial Data SourceOwner
Total Gross Expenses By Broker$26,510
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$105,924
BostonRealEstate.com Gross Income
Total Net Income By Broker$79,414
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)0.73%
Location Information for 79-83.5 Maple Street, Spencer MA 01562
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 79-83.5 Maple Street, Spencer MA 01562
Agent
Name: Nicholaus Jasinski
MLS ID: CN239396
Office ID: AN8975
Address: 557 E 2nd St. Unit 2
City: Boston
State: MA
Zip: 02127
Office
Name: Matthews Real Estate Investment Services, Inc.