Group showing Thurs 5/29 530 pm Welcome investors to this high-performing five family property consisting of 2 connected buildings that is currently owner occupied, but owners apartment market value at $2200 per month. A rare and lucrative opportunity for savvy investors! Featuring a profitable mix of spacious three bedroom and two bedroom apartments, this income producing gem offers, immediate cash flow from well paying tenants and long-term value. Most units have been extensively updated interiorly, many with fresh flooring, and paint, with many beautiful hardwoods .Tenants enjoy generous layouts, abundant natural light , historical charm and details and off street parking. Exterior was recently renovated and freshly painted, almost all new windows. 3 units have their own wash/ dry hookups for added desirability. Tenants can enjoy the convenience of being within walking distance to the bus, and all the local shopping .Great storage available in the garage. Recent roof!
Sold for $675,000
$675,000
37 Cherry St, Spencer, MA 01562
13beds
5,880sqft
5+ Family - 5+ Units Up/Down
Built in 1840
-- sqft lot
$-- Zestimate®
$115/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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List your homeWhat's special
Beautiful hardwoodsHistorical charm and detailsConnected buildingsOff street parkingAbundant natural lightFresh flooringGenerous layouts
Zillow last checked:
Listing updated:
Listed by:
Lynda Hafner 508-942-7923,
ERA Key Realty Services- Spenc 508-885-6336
Bought with:
Candor Realty Group
Four Points Real Estate, LLC
Source: MLS PIN,MLS#: 73377329
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Hot Water, Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Oven
- Laundry: Washer Hookup, Dryer Hookup
Features
- Living Room, Kitchen, Dining Room
- Flooring: Wood, Carpet, Hardwood
- Doors: Insulated Doors
- Windows: Insulated Windows
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 5,880
- Total interior livable area: 5,880 sqft
- Finished area above ground: 5,880
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street
- Garage spaces: 2
- Uncovered spaces: 8
Features
- Exterior features: Balcony
- Has view: Yes
- View description: City
- Waterfront features: Lake/Pond, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 0.26 Acres
- Features: Corner Lot
Details
- Parcel number: M:00U07 B:00086 L:00000,1692581
- Zoning: RR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1840
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Public School
Location
- Region: Spencer
Financial & listing details
- Price per square foot: $115/sqft
- Tax assessed value: $423,100
- Annual tax amount: $4,967
- Date on market: 1/2/2026
- Exclusions: Tenants Personal Property
- Total actual rent: 5800
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2025 | Sold | $675,000-6.2%$115/sqft |
Source: MLS PIN #73377329 Report a problem | ||
| 6/2/2025 | Contingent | $719,900$122/sqft |
Source: MLS PIN #73377329 Report a problem | ||
| 5/19/2025 | Listed for sale | $719,900$122/sqft |
Source: MLS PIN #73377329 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 01562
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Nearby schools
GreatSchools rating
- 4/10Knox Trail Junior High SchoolGrades: 5-8Distance: 0.4 mi
- 3/10David Prouty High SchoolGrades: 9-12Distance: 0.8 mi
- 3/10Wire Village SchoolGrades: K-4Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Wire Village
- Middle: Know Trail
- High: David Prouty
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Massachusetts
- Worcester County
- Spencer
- 01562
- 37 Cherry St
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