79-83.5 Maple St Spencer, MA 01562
Estimated payment $7,927/month
About This Home
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 single-family homes—ideal for long-term renters or owner-occupied investors seeking privacy and space. Maple Street Apartments has seen recent exterior and landscaping improvements, while interior renovations in select units have proven rent growth potential, all completed in 2025. Located just a half mile from Route 9, the property provides excellent connectivity to Route 90 (Mass Pike), Downtown Worcester, and Worcester Regional Airport—all within 30 minutes. With under-market rents, full utility separation other than water and sewer, and a desirable residential feel, Maple Street Apartments stands out as a compelling investment in a supply-constrained Central Massachusetts market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,222
Year Built
- Built in 1978
Lot Details
- 0.66 Acre Lot
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,624 Sq Ft Home
- Property has 1 Level
- Vinyl Flooring
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Parking
- 12 Car Parking Spaces
- Off-Street Parking
Community Details
Overview
- 6 Units
Building Details
- Insurance Expense $2,372
- Water Sewer Expense $4,598
- Operating Expense $26,510
- Net Operating Income $79,414
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2025 06/04/25 | Price Changed | $1,300,000 | -3.7% | $359 / Sq Ft |
| 04/30/2025 04/30/25 | For Sale | $1,350,000 | -- | $373 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73366799
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