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185 Main StSpencer, MA 01562

Worcester County

$1,200,000List price
8Beds
9.5Baths
9,122Sq Ft
1890Year built
0.82Acre lot
5Stories
3 weeks agoOn market

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.

Property Information

Property type
Residential Income
Sub-type
Multi Family
Year built
1890
Stories
5
Living area
9,122 Sq Ft
Lot size
0.82 acres
Parking spaces
25
Zoning
VR
Days on market
21
MLS® Listing#
73589863

Property Features

Heating
Natural Gas · Electric
Flooring
Varies
Basement
Full · Concrete
Parking
Paved · Off Street
Patio
Porch
Foundation
Stone
Roof
Shingle
Windows
Screens
Community
Park
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$6,071Tax year 2026
Assessed value
$552,950
Parcel number
M:0U14 B:0065 L:0000,1693250

Directions

On Rt 9

Listing Courtesy: ERA Key Realty Services- Spenc - 5088856336

Presented by: Donna Flannery

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. Copyright ©2026 MLS Property Information Network, Inc. All Rights Reserved.

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