106 Main St Spencer, MA 01562
Estimated payment $6,408/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,429
Year Built
- Built in 1900
Lot Details
- 16,449 Sq Ft Lot
- Corner Lot
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 17,554 Sq Ft Home
- Property has 1 Level
- Basement
Bedrooms and Bathrooms
- 14 Bedrooms
- 13 Full Bathrooms
Parking
- 14 Open Parking Spaces
- 14 Car Parking Spaces
Community Details
- 17 Units
- Net Operating Income $76,750
Listing and Financial Details
- Assessor Parcel Number 1692781
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $64 | $547,600 | $57,200 | $490,400 |
| 2024 | $5,847 | $511,100 | $57,200 | $453,900 |
| 2023 | $5,567 | $461,600 | $57,200 | $404,400 |
| 2022 | $5,692 | $432,500 | $51,900 | $380,600 |
| 2021 | $6,072 | $432,500 | $51,900 | $380,600 |
| 2020 | $6,192 | $438,500 | $51,900 | $386,600 |
| 2019 | $6,078 | $438,500 | $51,900 | $386,600 |
| 2018 | $5,885 | $438,500 | $51,900 | $386,600 |
| 2017 | $6,115 | $437,400 | $51,900 | $385,500 |
| 2016 | $6,106 | $427,300 | $51,900 | $375,400 |
| 2015 | $5,841 | $427,300 | $51,900 | $375,400 |
| 2014 | $5,619 | $427,300 | $51,900 | $375,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/27/2026 03/27/26 | For Sale | $1,100,000 | -- | $63 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73492808
APN: SPEN-000008U-000001
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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