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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.

More Info

Basic Information

  • Gross Income $22,800
  • Lot Features Corner Lot
  • Mls StatusUnder Agreement
  • Parcel Number 1692781

Tax Information

  • Tax Assessed Value $547,600
  • Tax Year 2025
  • Taxes$6,429

Parking

  • Parking Spaces14

Rooms

  • Bathroom13
  • Bathrooms Total Decimal 13
  • Bedrooms14
  • Full Bath13

Basic Information

  • List Price$1,100,000
  • MLS Number73492808
  • Modification Date05/05/2026
  • Property SubType5+ Family - 5+ Units Up/Down
  • Purchase Contract Date05/01/2026

Location

  • Address106 Main Street
  • Building Number106
  • CountyWorcester
  • StateMA
  • StreetMain Street
  • TownSpencer
  • Zip01562

Building

  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Levels 3
  • Rooms14
  • Stories3
  • Units17
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.38

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 17,554
  • Lot Size Square Feet 16,449
  • Lot Size Units Acres
  • Square Feet17,554

Legal

  • ZoningC

Other

  • Date Listed03/27/2026
  • Farm Land Area Units Square Feet
  • View Count4

Map Location

Driving Directions

Listed by James Glickman of NAI Glickman Kovago & Jacobs

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