42 Maple · Spencer, MA 01562

$609,900

7 bd · 3.0 ba · 2,014 sqft · MultiFamily public records · 86 Days on market

Built 1900 3,657 sqft lot

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.6/30.0
• ARV discount +7.5/15.0
• DSCR +5.5/10.0
• Livability +3.9/5.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Contractors take notice! A 3 unit, potentially 4 unit multi-family, is ready to be completed. 2 bedrooms each unit, this property can become the passive income you were looking for to add to your portfolio. This property comes with a great lake view that can be seen from each unit. this property is located in an outdoor community that includes, hiking , canoeing , kayaking, fishing, camping, horseback ridding , & off-roading. The materials needed to complete this project is still on the floor on location waiting to be installed & completed. This property is located with in walking distance to all the amenities the town of Spencer has to offer. This multi-family is 20 minutes from the City of Worcester & 40 minutes from the City of Springfield.

Key facts

• Updated electrical
• Walkup attic
• Elegant cabinets

Tags

• UPDATED ELECTRICAL
• UPDATED PLUMBING
• WALKUP ATTIC
• METICULOUSLY DESIGNED KITCHEN
• ELEGANT CABINETS
• UPDATED COUNTERTOPS

Property features AI

Finance

• HOA & community: Community amenities nearby: public transportation, shopping, parks, walk/jog trails, golf, medical facility, laundromat, bike path, conservation area, highway access, house of worship, public school; Not a senior community

Exterior

• Parking: Paved off-street parking; Three open parking spaces
• Utilities: Public water; Public sewer; 100 amp electric service; Electric range connection; Electric dryer connection
• Home design: 3-family property with units up/down; 4 total stories; Beige exterior; Has waterview (pond)
• Construction: Stone foundation; Shingle roof; Built (year per public records)
• Exterior features: Porch; Scenic views; Waterfront on a pond; Gentle sloping lot; Public paved road frontage; Publicly maintained road

Interior

• Kitchen: Range; Refrigerator
• Flooring: Tile; Vinyl; Hardwood
• Bathrooms: Three full bathrooms
• Heating & cooling: Electric heating
• Interior features: Living room; Kitchen; Insulated windows; Total of 14 rooms
• Laundry & utility: Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $610k.

Deal economics

• At list price, monthly cash flow is $483 ($6k/yr) — positive. Per door: $161/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $514k (15.6% below list).
• Recommended offer: $514k (15.6% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 3.3% in Spencer — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#57 in MA, #3,021 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, housing A; Watch: employment C-, cost of living C-, amenities F.
• Spencer-E Brookfield (suburban): math 15% / reading 36% proficiency, ranked #267 of 302 in MA (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: David Prouty High (math 34% / reading 54%, grade F, #203 of 343 statewide, top 60%, 357 students, 0% FRL) — zoned schools average 0% FRL vs 31% district-wide (31 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 44% at this address vs 26% district-wide (+19 pts) — the actual schools serving this property are materially stronger than the Spencer-E Brookfield average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 26 active listings in the ZIP; solid renter incomes; 2,293 units permitted in Worcester County in 2024 (1,205 in 5+ unit buildings).
• At $5,145/mo this rent would consume 77% of the median local household income ($81k/yr) (locally 599% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $18k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($573k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $325k; list at $610k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $514,500 (15.6% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.84% ✗
• Cap rate: 7.24%
• Cash-on-cash: 3.39%
• DSCR: 1.15
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $388,702
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
42 Mechanic St	0.09mi	6/2.0 (-1)	1,816 (-10%)	3mo	$351,000	$193	68

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.0%
• Equity multiple: 0.60×
• Total profit: $-68,403
• Equity at exit: $90,938

10-year hold

• IRR: -1.8%
• Equity multiple: 0.88×
• Total profit: $-21,248
• Equity at exit: $52,733

Cash invested: $170,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 20 Strongly Tenant-Friendly
• State Massachusetts: 20 Strongly Tenant-Friendly · D+15
• County: — inherits STATE
• City: — inherits STATE

Cambridge / Boston historically rent-controlled (preempted 1994 but consideration ongoing); strong tenant protections; court backlogs.

Methodology + full state rankings →

ZIP-level market 01562

• Home prices YoY: -18.1%
• Active inventory: 26
• Price-to-rent: 29.6×

Monthly cashflow live

• Estimated rent: $5,145 medium
• Mortgage (P&I): −$3,198
• Tax from tax record: −$129 /mo · $1,553/yr
• Insurance: −$254
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,080
• Net cashflow: $483

Break-even live

Break-even rent $4,534

Max offer price $609,900

Occupancy floor 86%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$5,145
Total (3 units)			$5,145

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $152,475
• Closing costs: $18,297
• Reserves months: —
• Total cash needed: —

Listing history 47 events

1. 2026-06-18
   days on market $609,900 Active 86 DOM
2. 2026-06-17
   days on market $609,900 Active 85 DOM
3. 2026-06-16
   days on market $609,900 Active 84 DOM
4. 2026-06-15
   days on market $609,900 Active 83 DOM
5. 2026-06-14
   days on market $609,900 Active 81 DOM
6. 2026-06-13
   statusdays on market $609,900 Active 80 DOM
7. 2026-06-10
   days on market $609,900 Price Changed 78 DOM
8. 2026-06-09
   days on market $609,900 Price Changed 77 DOM
9. 2026-06-08
   pricestatusdays on market $609,900 Price Changed 76 DOM
10. 2026-06-07
    days on market $619,900 Active 75 DOM
11. 2026-06-05
    days on market $619,900 Active 72 DOM
12. 2026-06-03
    days on market $619,900 Active 71 DOM
13. 2026-06-02
    days on market $619,900 Active 70 DOM
14. 2026-06-01
    days on market $619,900 Active 69 DOM
15. 2026-05-31
    days on market $619,900 Active 68 DOM
16. 2026-05-31
    days on market $619,900 Active 67 DOM
17. 2026-03-24
    listed $619,900 New
18. 2025-03-31
    soldstatus $325,000 Sold 765-char remark

    Show marketing remark (765 chars)

    Contractors take notice! A 3 unit, potentially 4 unit multi-family, is ready to be completed. 2 bedrooms each unit, this property can become the passive income you were looking for to add to your portfolio. This property comes with a great lake view that can be seen from each unit. this property is located in an outdoor community that includes, hiking , canoeing , kayaking, fishing, camping, horseback ridding , & off-roading. The materials needed to complete this project is still on the floor on location waiting to be installed & completed. This property is located with in walking distance to all the amenities the town of Spencer has to offer. This multi-family is 20 minutes from the City of Worcester & 40 minutes from the City of Springfield.

19. 2025-03-05
    status Under Agreement 765-char remark

    Show marketing remark (765 chars)

    Contractors take notice! A 3 unit, potentially 4 unit multi-family, is ready to be completed. 2 bedrooms each unit, this property can become the passive income you were looking for to add to your portfolio. This property comes with a great lake view that can be seen from each unit. this property is located in an outdoor community that includes, hiking , canoeing , kayaking, fishing, camping, horseback ridding , & off-roading. The materials needed to complete this project is still on the floor on location waiting to be installed & completed. This property is located with in walking distance to all the amenities the town of Spencer has to offer. This multi-family is 20 minutes from the City of Worcester & 40 minutes from the City of Springfield.

20. 2025-02-20
    listed $400,000 New 765-char remark

    Show marketing remark (765 chars)

    Contractors take notice! A 3 unit, potentially 4 unit multi-family, is ready to be completed. 2 bedrooms each unit, this property can become the passive income you were looking for to add to your portfolio. This property comes with a great lake view that can be seen from each unit. this property is located in an outdoor community that includes, hiking , canoeing , kayaking, fishing, camping, horseback ridding , & off-roading. The materials needed to complete this project is still on the floor on location waiting to be installed & completed. This property is located with in walking distance to all the amenities the town of Spencer has to offer. This multi-family is 20 minutes from the City of Worcester & 40 minutes from the City of Springfield.

21. 2022-11-30
    soldstatus $205,000 Sold 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

22. 2022-10-31
    status Under Agreement 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

23. 2022-10-17
    historical Contingent 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

24. 2022-07-28
    price $217,000 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

25. 2022-07-28
    status Back On Market 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

26. 2022-07-01
    status Under Agreement 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

27. 2022-06-17
    historical Contingent 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

28. 2022-06-09
    price $220,000 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

29. 2022-04-20
    status Back On Market 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

30. 2022-04-09
    status Under Agreement 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

31. 2022-03-26
    historical Contingent 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

32. 2022-01-13
    price $230,000 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

33. 2021-11-08
    price $240,000 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

34. 2021-11-08
    status Price Changed 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

35. 2021-11-06
    historical Contingent 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

36. 2021-09-15
    status Back On Market 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

37. 2021-08-19
    status Under Agreement 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

38. 2021-08-05
    historical Contingent 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

39. 2021-07-30
    price $249,900 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

40. 2021-07-25
    listed $250,000 New 1010-char remark

    Show marketing remark (1010 chars)

    Open house Saturday, 9/17/22 from 12-2. Cash, rehab, or construction financing only. Lots of work has been done and some work remains. Convenient in-town location-walk to everything! Beautiful water views from all 4 levels. Level lot with parking for 6. Newer roof and replacement windows throughout! Apartment 1 on thr first floor has an old kit w/walk-in pantry that could be updated. The LR has HW & a water view. MBR has HW & lighted closet but needs ceiling panels. BR2 has HW but needs a closet. Full BA needs rehab. Apartment 2 on the 2nd floor has an old kit that could be updated. The LR needs the ceiling & 1 wall drywalled. MBR w/3 closets. BR2 has a water view but needs a closet. Full BA needs rehab. Apartment 3 on the 3rd & 4th levels has 6 rooms. The kitchen could be updated. The LR, DR, & 2 BRs are all studded in with electric and ready for drywall on the 3rd level. A 2 room master suite on the 4th level has lots of insulation and wiring done, and is ready for drywall.

41. 2018-02-23
    soldstatus $65,000 Sold
42. 2018-01-15
    status Contingent
43. 2017-11-30
    listed $65,000 New
44. 2001-05-10
    soldstatus $114,000
45. 2001-05-10
    soldstatus $114,000
46. 2001-03-23
    historical
47. 2001-01-23
    listed $119,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MA · Partial reset (capped growth)

• Current annual tax: $1,553 · $129/mo
• Projected year-2 tax: $4,527 · $377/mo
• Expected delta: +$2,974/yr (+$248/mo · 191.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $61,740
• − Mortgage interest: −$34,164
• − Property taxes: −$1,553
• − Insurance: −$3,050
• − Repairs & maintenance: −$4,939
• − Management: −$4,939
• − Depreciation: −$17,743
• Taxable loss: −$4,647
• Est. tax savings @ 24.0%: +$1,115
• After-tax cash flow: $6,907/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Spencer-E Brookfield
• NCES district ID: 2500002
• Math proficiency: 15% ▼ -21.00%
• Reading proficiency: 36% ▼ -4.00%
• Median HH income: $63,627
• Composite: 23.69/100
• National rank: #7834
• State rank: #267 of 302 in MA

Livability — Spencer

• Score: 77/100
• State rank: #57
• US rank: #3021

Category grades

Amenities F Commute A+ Cost of living C- Crime A+ Employment C- Housing A Health & safety B+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spencer, MA
• County: Worcester County · 487,911 people
• City population: 12,008
• Metro: Worcester, MA-CT
• Population (ZIP): 12,008
• Household income: $80,533
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 599.0

Population outlook (Worcester County) Hauer SSP2

• Today (2025): 850,858 people
• By 2030: 860,403 · +1.1%
• By 2040: 869,902 · +2.2%
• By 2050: 869,110 · +2.1%
• By 2075: 870,120 · +2.3%
• By 2100: 829,703 · -2.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 4%
• Common ancestry: Lithuanian 13% Romanian 8% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 1%

Political lean MEDSL · Worcester

• 2024 margin: D (+10.0) · D 53.9% · R 43.9% · Other 2.2%
• 2008→2024 swing: -3.8pp toward R · 2008: 13.8pp · 2024: 10.0pp
• All cycles: 2024: D+10.0 2020: D+17.8 2016: D+10.5 2012: D+9.2 2008: D+13.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.69%
• Current HPI: 270.1395
• Rent YoY: —
• Metro: Worcester, MA-CT
• State GDP YoY: ▲ 2.28%
• F500 in state: 38

Industry mix (Fortune 500 HQ in MA)

Industry	F500 HQs	Revenue
▸Technology	3	$17B
▸Insurance	2	$84B
▸Retail	2	$76B
▸Life Sciences	1	$43B
▸Energy Technology	1	$31B
▸Aerospace / Defense	1	$18B

Price history

+417.0% since first listed

31 events — show timeline

• 2026-03-24 Listed $619,900 MLS PIN
• 2025-03-31 Sold (MLS) $325,000 MLS PIN
• 2025-03-05 Pending — MLS PIN
• 2025-02-20 Listed $400,000 MLS PIN
• 2022-11-30 Sold (MLS) $205,000 MLS PIN
• 2022-10-31 Pending — MLS PIN
• 2022-10-17 Contingent — MLS PIN
• 2022-07-28 Price Changed $217,000 MLS PIN
• 2022-07-28 Relisted — MLS PIN
• 2022-07-01 Pending — MLS PIN
• 2022-06-17 Contingent — MLS PIN
• 2022-06-09 Price Changed $220,000 MLS PIN
• 2022-04-20 Relisted — MLS PIN
• 2022-04-09 Pending — MLS PIN
• 2022-03-26 Contingent — MLS PIN
• 2022-01-13 Price Changed $230,000 MLS PIN
• 2021-11-08 Price Changed $240,000 MLS PIN
• 2021-11-08 Relisted — MLS PIN
• 2021-11-06 Contingent — MLS PIN
• 2021-09-15 Relisted — MLS PIN
• 2021-08-19 Pending — MLS PIN
• 2021-08-05 Contingent — MLS PIN
• 2021-07-30 Price Changed $249,900 MLS PIN
• 2021-07-25 Listed $250,000 MLS PIN
• 2018-02-23 Sold (MLS) $65,000 MLS PIN
• 2018-01-15 Pending — MLS PIN
• 2017-11-30 Listed $65,000 MLS PIN
• 2001-05-10 Sold (Public Records) $114,000 Public Records
• 2001-05-10 Sold (MLS) $114,000 MLS PIN
• 2001-03-23 Listing Removed — MLS PIN
• 2001-01-23 Listed $119,900 MLS PIN

Property tax history

-1.1%/yr

Latest (2023): $1,553 · +13.0% YoY. Source: county tax records.