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.

Facts and features

Schools

• David Prouty High School

  high · 9-12 · 1.0 mi

  3

• Knox Trail Junior High School

  elementary · 5-8 · 0.7 mi

  4

• Appleseed Montessori School

  elementary · PK-K · 4.9 mi

• Wire Village School

  elementary · K-4 · 1.6 mi

  3

• East Brookfield Elementary School

  elementary · K-6 · 2.2 mi

  5

Price history

• May 13, 2026 · Relisted$1,100,000
• May 5, 2026 · Listing Removed—
• Mar 27, 2026 · Listed$1,100,000

Where it is