$589,000
50 Pleasant St
Spencer, MA, 01562
Fully occupied and turnkey 3-unit multifamily in Spencer, MA with potential for a 4th unit (buyer to verify). This renovated property features two 1-bedroom, 1-bath units and one large 4-bedroom, 1-bath unit—ideal for strong rental income. All units have been updated with modern finishes, including new kitchens, baths, flooring, and paint. Tenants enjoy a fully fenced-in yard, providing privacy and outdoor space. Off-street parking available. Each unit has separate utilities, minimizing landlord expenses and maximizing cash flow. Located near downtown Spencer, schools, shopping, and major commuter routes. Excellent opportunity for investors or owner-occupants seeking additional income. Solid rental history with long-term tenants in place. Clean, well-maintained, and generating income from day one. Explore the possibility of adding a 4th unit to increase value and returns. Don’t miss this rare, income-producing property in a growing Central MA market.
Property Details
Price:
$589,000
MLS #:
73410684
Status:
Active Under Contract
Beds:
6
Baths:
3
Address:
50 Pleasant St
Type:
Multi Family
Subtype:
3 Family
City:
Spencer
Listed Date:
Jul 29, 2025
State:
MA
Finished Sq Ft:
3,067
Total Sq Ft:
3,067
ZIP:
01562
Lot Size:
19,210 sqft / 0.44 acres (approx)
Year Built:
1860
Units:
3
Schools
Elementary School:
Wire Village
Middle School:
Knox Trail
High School:
David Prouty
Interior
Appliances
Range, Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
Ductless
Flooring
Vinyl, Carpet, Vinyl / V C T
Heating
Ductless, Electric, Oil
Laundry Features
Electric Dryer Hookup, Washer Hookup
Exterior
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Laundromat, Conservation Area, House of Worship, Public School, Sidewalks
Construction Materials
Frame
Exterior Features
Rain Gutters, Varies per Unit
Other Structures
Barn/ Stable
Parking Features
Paved Drive, Off Street, Tandem, Common, Paved
Parking Spots
14
Roof
Shingle
Financial
Tax Year
2025
Taxes
$4,644
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…
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Courtesy of ERA Key Realty Services- Spenc. 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.
50 Pleasant St
Spencer, MA
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