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.
Pending
$1,100,000
106 Main St, Spencer, MA 01562
14beds
17,554sqft
5+ Family - 5+ Units Up/Down
Built in 1900
-- sqft lot
$1,062,500 Zestimate®
$63/sqft
$-- HOA
What's special
- 46 days
- 17
- 2
Zillow last checked:
Listing updated:
Listed by:
James Glickman 508-753-9100,
NAI Glickman Kovago & Jacobs 508-753-9100
Source: MLS PIN,MLS#: 73492808
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 13
- Full bathrooms: 13
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 17,554
- Total interior livable area: 17,554 sqft
- Finished area above ground: 17,554
Property
Parking
- Total spaces: 14
- Uncovered spaces: 14
Lot
- Size: 0.38 Acres
- Features: Corner Lot
Details
- Parcel number: 1692781
- Zoning: C
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Concrete Perimeter
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Spencer
Financial & listing details
- Price per square foot: $63/sqft
- Tax assessed value: $547,600
- Annual tax amount: $6,429
- Date on market: 8/21/2026
- Total actual rent: 1900
Estimated market value
$1,062,500
$1.01M - $1.12M
$3,439/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2026 | Pending sale | $1,100,000$63/sqft |
Source: MLS PIN #73492808 Report a problem | ||
| 3/27/2026 | Listed for sale | $1,100,000$63/sqft |
Source: MLS PIN #73492808 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,429 +10% | $547,600 +7.1% |
| 2024 | $5,847 +5% | $511,100 +10.7% |
| 2023 | $5,567 -2.2% | $461,600 +6.7% |
| 2022 | $5,692 -6.3% | $432,500 |
| 2021 | $6,072 -1.9% | $432,500 -1.4% |
| 2020 | $6,192 +1.9% | $438,500 |
| 2019 | $6,078 +3.3% | $438,500 |
| 2018 | $5,885 -3.8% | $438,500 +0.3% |
| 2017 | $6,115 +0.1% | $437,400 +2.4% |
| 2016 | $6,106 +4.5% | $427,300 |
| 2015 | $5,841 +23.2% | $427,300 -0.3% |
| 2011 | $4,742 +11.4% | $428,400 -1.2% |
| 2010 | $4,256 +8.7% | $433,400 -3.2% |
| 2009 | $3,916 +10% | $447,500 -0.4% |
| 2008 | $3,560 +2.4% | $449,500 |
| 2007 | $3,475 -11.5% | $449,500 -2.9% |
| 2006 | $3,928 +3.6% | $462,700 +6.2% |
| 2005 | $3,790 +3.6% | $435,600 |
| 2004 | $3,659 -12.1% | $435,600 +30.5% |
| 2003 | $4,164 +10.7% | $333,900 |
| 2001 | $3,763 +2.8% | $333,900 +12.4% |
| 2000 | $3,660 -4.1% | $297,100 -13.9% |
| 1997 | $3,815 | $344,900 |
Find assessor info on the county website
Monthly payment
Est. payment
