$1,100,000
106 Main St
Spencer, MA, 01562
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
Price:
$1,100,000
MLS #:
73492808
Status:
Active
Beds:
14
Baths:
13
Address:
106 Main St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Spencer
Listed Date:
Mar 27, 2026
State:
MA
Finished Sq Ft:
17,554
Total Sq Ft:
17,554
ZIP:
01562
Lot Size:
16,449 sqft / 0.38 acres (approx)
Year Built:
1900
Units:
17
Schools
Interior
Bathrooms
13 Full Bathrooms
Exterior
Parking Spots
14
Financial
Tax Year
2025
Taxes
$6,429
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
Similar Listings Nearby
- 963 Main St
Leicester, MA$900,000
4.72 miles away
Courtesy of NAI Glickman Kovago & Jacobs. The property listing data and information 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 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 set forth herein.
106 Main St
Spencer, MA
LIGHTBOX-IMAGES