About this home
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.
Listing last checked: Listing updated:
Listed by James Glickman · NAI Glickman Kovago & Jacobs · MLS #73492808
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Details at a glance
Interior2 property facts
- Rooms
- 14
- Basement
- Not reported
Building4 property facts
- Style
- 5+ Family - 5+ Units Up/Down
- Year built
- 1900
- Parking
- 14
- Foundation
- Concrete Perimeter
Land & utilities5 property facts
- Lot size
- 0.38 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- C
Financial2 property facts
- Annual taxes
- $6,429
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,100,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,098 / monthAdjust
- Principal & interest
- $5,562
- Property tax
- $536
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $6,429. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $1,153,050
Estimated range $908,922–$1,397,178.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
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About 106 Main St
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