185 Main St, Spencer, MA 01562
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185 Main St, Spencer, MA 01562
185 Main St, Spencer, MA 01562
185 Main St, Spencer, MA 01562
185 Main St, Spencer, MA 01562
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Bridgemont Realty

Bridgemont Realty

+1(617) 529-0751
$ 1,200,000
Est. payment /mo
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185 Main St Spencer, MA 01562

8 Beds

9.5 Baths

9,122 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 9,122 sqft

Price per Sqft $131

MLS Listing ID 73589863

Bedrooms 8

Full Baths 7

Half Baths 5

Year Built 1890

Annual Tax Amount $6,071

Tax Year 2026

Lot Size 0.820 Acres

Acres 0.82

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

First time on the market! Rare opportunity to own a historic mixed-use property in a central Spencer location with 17 rental units and multiple income-producing uses. The property includes 7 residential 1- and 2-bedroom apartments and 10 commercial office spaces, offering a diverse tenant mix.Current gross annual income is $153,296 with reported annual expenses of $56,240. The 3-story building, originally established circa 1890, offers approximately 9,934 square feet of combined residential and office space and retains charming historic details throughout.The property sits on approximately 0.82 acres with 25+ off-street parking spaces and additional land that may offer potential for expanded parking and/or additional buildings, subject to town approvals. Public water and sewer, natural gas, paved parking, and legal-conforming mixed-use zoning add to the property's functionality.Located near downtown and adjacent to beautiful Isaac Prouty Veterans Park, with easy access to public transportation, shopping, restaurants, and other amenities. Conveniently situated less than 15 minutes from Worcester Regional Airport, the Mass Pike, and major routes.A unique opportunity to acquire a well-located mixed-use property with established rental income, a diversified unit mix, ample parking, and potential for future growth.

Location

State MA

County Worcester

Zoning VR

Direction On Rt 9

Rooms

Basement Full, Concrete

Interior

Heating Natural Gas, Electric

Flooring Varies

Exterior

Exterior Feature Varies per Unit

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School

Utilities Available Varies per Unit

Waterfront Description Lake/Pond,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle

Total Parking Spaces 25

Garage No

Building

Story 5

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by ERA Key Realty Services- Spenc

NEARBY SCHOOLS & PROPERTIES

Bridgemont Realty
Bridgemont Realty

+1(617) 529-0751 | ben@bridgemontrealty.com

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185 Main St