106 Main St, Spencer MA 01562 - Preview 1 106 Main St, Spencer MA 01562 - Preview 2 106 Main St, Spencer MA 01562 - Preview 3 106 Main St, Spencer MA 01562 - Preview 4
106 Main St, Spencer MA 01562 - Preview 1 106 Main St, Spencer MA 01562 - Preview 2 106 Main St, Spencer MA 01562 - Preview 3 106 Main St, Spencer MA 01562 - Preview 4

106 Main St, Spencer MA 01562

Spencer, MA 01562
$1,100,000
Est. $6,298/month
14
Beds
13
Baths
17,554
Sq Ft
$63
Price/Sq Ft
0.38
Acres
1900
Year Built
14
Parking
5+ Family - 5+ Units Up/Down
Type
34
Days on Market
Sale Pending Listed Mar 27, 2026 • MLS# 73492808 Copied! • Updated May 5, 2026

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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.

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

⏳
Pending Sale
May 1, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Mar 27, 2026
$1,100,000
Original listing
Agent: James Glickman Office: NAI Glickman Kovago & Jacobs

Tax History

Year Taxes Assessment
2025 $6,429 $547,600

Financial Details

Annual Property Tax
$6,429
Tax Year 2025
Assessed Value
$547,600

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1900
Living Area 17,554 sq ft
Lot Size 0.38 acres
Bedrooms 14
Full Baths 13
Total Rooms 14

Investment Metrics

Units 17
Unit 1 Rent $900/mo · Y
Unit 2 Rent $1,000/mo · N
Total Monthly Rent $1,900/mo
Gross Income $22,800
Net Operating Income $76,750
Cap Rate 6.98%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Total Spaces 14
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,429
Assessed Value $547,600
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Worcester
Total market time (incl. prior listings) 39 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
Sale Pending
Year Built
1900
Bedrooms
14
Full Bathrooms
13
Living Area
17,554 sq ft
Total Rooms
14
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
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: 14
Parking Features:
School District
Spencer-East Brookfield School District local
F
E

Elementary Schools

3 schools
C-
Wire Village School
1.6 mi | #667 of 824 | Score: 37.5
Improved 6 spots from last year
-20.7 below state avg
430 students Moderate
Grades K-04
C-
East Brookfield Elementary School
2.2 mi | #727 of 824 | Score: 33.7
Dropped 264 spots from last year
-24.5 below state avg
247 students Moderate
Grades PK-06
Mad Brook Academy
3.6 mi
Grades PK
M

Middle Schools

2 schools
D
Knox Trail Middle School
0.7 mi | #328 of 352 | Score: 28.5
Dropped 51 spots from last year
-29.7 below state avg
415 students Moderate
Grades 05-08
C+
Leicester Middle School
4.7 mi | #227 of 352 | Score: 38.5
Improved 4 spots from last year
-19.7 below state avg
394 students Diverse
Grades 05-08
H

High Schools

3 schools
C
David Prouty High School
1.0 mi | #271 of 346 | Score: 44.4
Dropped 26 spots from last year
-13.8 below state avg
306 students Moderate
13 sports • 482 athletes
Career Tech Programs College Ready Curriculum
Grades 09-12
B
Leicester High School
4.7 mi | #161 of 346 | Score: 54.0
Dropped 1 spots from last year
-4.2 below state avg
388 students Diverse
14 sports • 674 athletes
Strong AP Program Career Tech Programs College Ready Curriculum
Grades 09-12
C-
North Brookfield High School
4.8 mi | #304 of 346 | Score: 37.3
Dropped 1 spots from last year
-20.9 below state avg
157 students Less Diverse
College Ready Curriculum
Grades 06-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $536
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
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
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

106 Main St, Spencer MA 01562

Spencer, MA 01562

Listing Information

Listing Agent James Glickman
Listing Office NAI Glickman Kovago & Jacobs
Office Phone 508-753-9100
Agent MLS ID K9500526
Office MLS ID AN2432
Listing Data Updated May 5, 2026 9:09 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate
BMN Boston Real Estate
Douglas Elliman
(617) 955-2224 contact@bmnboston.com
Ask about this property — free, no obligation.

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