1 High St, Spencer MA 01562
Spencer, MA 01562
$830,000
$765,000
Est. $4,649/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Fantastic multi-unit property in downtown Spencer! Owner pays water and sewer, tenants pay all other utilities. 5 units across 2 buildings with newer high efficiency combi steam boilers in most units, all apartments have own laundry facilities, and some units have newer mini-splits for air conditioning. Near to downtown amenities. Property grosses $86,400 per year with long term tenants and room to grow! Seller does not live in property, buyers/buyers agent to do all due diligence.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
7.8%
Price Range
Property Timeline
Price Reduced
Sep 29, 2026
$765,000
$65,000
(-7.83%)
From $830,000 to $765,000 (-7.8%)
Listed for Sale
Aug 16, 2026
$830,000
Original listing
Office: The O'Rourke Group Real Estate Professionals
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/29/2026 | ↓ Price Reduced | $765,000 | $65,000 | - | From $830,000 to $765,000 (-7.8%) |
| 08/16/2026 | 🏠 Listed for Sale | $830,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $6,973 | $635,100 |
Financial Details
Annual Property Tax
$6,973
Tax Year 2026
Assessed Value
$635,100
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1860
Living Area
5,638 sq ft
Lot Size
0.41 acres
Stories
5
Bedrooms
10
Full Baths
5
Total Rooms
23
Investment Metrics
Units
5
Unit 1 Rent
$1,400/mo · N
Unit 2 Rent
$1,100/mo · N
Unit 3 Rent
$1,100/mo · N
Unit 4 Rent
$1,800/mo · N
Total Monthly Rent
$5,400/mo
Gross Income
$86,400
Net Operating Income
$86,400
Cap Rate
11.29%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
10
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,973
Assessed Value
$635,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Basement Gets Some Water In Heavy Rain.
Exclusions
Tenant Belongings/Personal Items
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
44 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1860
Bedrooms
10
Full Bathrooms
5
Living Area
5,638 sq ft
Total Rooms
23
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,638 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1860
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
10
Parking Features:
Nearby Schools
School District
Spencer-East Brookfield School District local
F
Elementary Schools
3 schools
C-
Wire Village School
1.6 mi
|
#668 of 825
|
Score: 37.5
Improved 5 spots from last year
-20.7 below state avg
461 students
Diverse
Grades K-04
C-
East Brookfield Elementary School
2.2 mi
|
#725 of 825
|
Score: 33.9
Dropped 262 spots from last year
-24.3 below state avg
254 students
Moderate
Strong Attendance
Grades PK-06
Mad Brook Academy
3.6 mi
Grades PK
Middle Schools
2 schools
D
Knox Trail Middle School
0.7 mi
|
#327 of 352
|
Score: 28.7
Dropped 50 spots from last year
-29.5 below state avg
407 students
Diverse
Grades 05-08
C+
Leicester Middle School
4.7 mi
|
#226 of 352
|
Score: 38.6
Improved 5 spots from last year
-19.6 below state avg
401 students
Diverse
Grades 05-08
High Schools
3 schools
C
David Prouty High School
1.0 mi
|
#253 of 346
|
Score: 47.0
Dropped 8 spots from last year
-11.2 below state avg
321 students
Moderate
13 sports
• 482 athletes
Strong AP Program
Career Tech Programs
College Ready Curriculum
Grades 09-12
B
Leicester High School
4.8 mi
|
#163 of 346
|
Score: 54.7
Dropped 3 spots from last year
-3.5 below state avg
409 students
Diverse
14 sports
• 674 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
C-
North Brookfield High School
4.8 mi
|
#295 of 346
|
Score: 40.7
Improved 8 spots from last year
-17.5 below state avg
161 students
Moderate
College Ready Curriculum
Grades 06-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$581
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
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+0.5% Rate
$0/mo
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
1 High St, Spencer MA 01562
Spencer, MA 01562
Listing Information
Listing Agent
Jeffrey Brodeur
Listing Office
The O'Rourke Group Real Estate Professionals
Office Phone
774-312-6615
Agent MLS ID
CT005975
Office MLS ID
AN5361
Listing Data Updated
Sep 29, 2026 7:36 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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