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230 Main St., Spencer MA 01562

$370,000

Estimated $843/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $185,000

Total Rent: 45600/year

Estimated CAP Rate:

4 Bedrooms

Baths

1731

Total Parking: 4

9,652 (0.22)

Well-maintained two-family home offering two spacious 2-bedroom, 1-bath units, each featuring updated kitchens with stainless steel appliances and in unit washer dryers. The property underwent a full gut renovation approximately 7.5 years ago, including all-new electrical, plumbing, windows, kitchens, bathrooms, select flooring, and appliances. Recent improvements include a new oil tank (2025). Additional highlights include a private yard, full walkout basement, and a carriage house. Each unit has its own driveway. Located on a bus route and close to shopping, dining, and everyday conveniences, the property also has a strong rental history. Just a short walk to Luther Hill Park, offering beach access, swimming, and nearby dining options.

This home has been viewed 8 times

Last Checked: July 1st, 2026 at 8:08am (Source: MLS PIN #73504098)

Gross Income: $45,600

Gross Expenses: $2,919

Net Income Calc: $42,681

Water Views

Annual Expenses for 230 Main St., Spencer MA 01562

Total Gross Expenses (Calculated)$2,919/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax2919

Annual Income & Unit Breakdown for 230 Main St., Spencer MA 01562

Total Gross Income (Calculated)$45,600

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 230 Main St., Spencer MA 01562

Listing ID73504098

Property TypeMulti Family

Price370000 ($213.75/SqFt)

StyleMulti Family

CitySpencer

CountyWorcester

Neighborhood(s)

Approximate Living Area Total1731

Approximate Lot Size (Acres)0.22

Total Parking4

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRS

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 230 Main St., Spencer MA 01562

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator And Some Personal Belongings

Financial Data Source

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 230 Main St., Spencer MA 01562

Real Estate Taxes2919

Tax Year2025

Assessed Value$248,600

Financial Data Source

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 230 Main St., Spencer MA 01562

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 230 Main St., Spencer MA 01562

Agent

Name: Steven Bracero

Office

Name: Vanderbilt Properties, LLC

Phone: 508-366-6848

Team Members

Payment Calculator

, Interest

Property Taxes 243.25

Principal & Interest 2279.82

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Vanderbilt Properties, LLC

Steven Bracero

Agent Phone

Office Phone

(508) 366-6848

Text Agent Call Agent Call Office

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EXIT

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