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106 Main St, Spencer MA 01562

$1,100,000

Estimated $2,319/month Calculator

Multi Family

Total Units: 17

Price Per Unit: $64,705.88

Total Rent: 22800/year

Estimated CAP Rate:

14 Bedrooms

Baths

17554

Total Parking: 14

16,449 (0.38)

Presenting a 17-unit mixed-use property located on Route 9 in downtown Spencer, Massachusetts, comprising 13 residential units and 4 commercial units. The property currently operates with strong occupancy — 10 of 13 residential units and 3 of 4 commercial units are tenant-occupied, generating rental income that supports the asking price at current rates. All leases are structured on a month-to-month basis, offering a prospective investor maximum flexibility to implement a value-add strategy through unit improvements, rent adjustments, and lease restructuring without the constraints of long-term tenant agreements. Situated along Spencer's primary commercial corridor with steady local foot traffic and convenient access to the greater Worcester area, this property presents a compelling opportunity for an investor seeking immediate cash flow with significant upside potential. Do not contact the residences or the business on property.

This home has been viewed 5 times

Last Checked: May 6th, 2026 at 6:38am (Source: MLS PIN #73492808)

Gross Income: $22,800

Gross Expenses: $6,429

Net Income Calc: $16,371

Annual Expenses for 106 Main St, Spencer MA 01562

Total Gross Expenses (Calculated)$6,429/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6429

Annual Income & Unit Breakdown for 106 Main St, Spencer MA 01562

Total Gross Income (Calculated)$22,800

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 106 Main St, Spencer MA 01562

Listing ID73492808

Property TypeMulti Family

Price1100000 ($62.66/SqFt)

Style5+ Family - 5+ Units Up/down

CitySpencer

CountyWorcester

Neighborhood(s)

Approximate Living Area Total17554

Approximate Lot Size (Acres)0.38

Total Parking14

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningC

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 106 Main St, Spencer MA 01562

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Exclusions

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 106 Main St, Spencer MA 01562

Real Estate Taxes6429

Tax Year2025

Assessed Value$547,600

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 106 Main St, Spencer MA 01562

Neighborhood(s)

Area Amenities

Contact Information for 106 Main St, Spencer MA 01562

Agent

Name: James Glickman

Office

Name: NAI Glickman Kovago & Jacobs

Phone: 508-753-9100

Payment Calculator

, Interest

Property Taxes 535.75

Principal & Interest 6777.85

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

NAI Glickman Kovago & Jacobs

James Glickman

Agent Phone

Office Phone

(508) 753-9100

Text Agent Call Agent Call Office

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EXIT

1 More Photo

Pending

106 Main St, Spencer MA 01562

$1,100,000

Annual Expenses for 106 Main St, Spencer MA 01562

Annual Income & Unit Breakdown for 106 Main St, Spencer MA 01562

General Information for 106 Main St, Spencer MA 01562

Disclosures for 106 Main St, Spencer MA 01562

Financial Information for 106 Main St, Spencer MA 01562

Location Information for 106 Main St, Spencer MA 01562

Contact Information for 106 Main St, Spencer MA 01562

Agent

Office

Payment Calculator

Exclusive Listing Agent

NAI Glickman Kovago & Jacobs

James Glickman