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Sold for $675,000 on 07/28/25
  • $675,000

    37 Cherry St, Spencer, MA 01562

    13beds
    5,880sqft
    5+ Family - 5+ Units Up/Down
    Built in 1840
    -- sqft lot
    $-- Zestimate®
    $115/sqft
    $-- Estimated rent

    What's special

    Group showing Thurs 5/29 530 pm Welcome investors to this high-performing five family property consisting of 2 connected buildings that is currently owner occupied, but owners apartment market value at $2200 per month. A rare and lucrative opportunity for savvy investors! Featuring a profitable mix of spacious three bedroom and two bedroom apartments, this income producing gem offers, immediate cash flow from well paying tenants and long-term value. Most units have been extensively updated interiorly, many with fresh flooring, and paint, with many beautiful hardwoods .Tenants enjoy generous layouts, abundant natural light , historical charm and details and off street parking. Exterior was recently renovated and freshly painted, almost all new windows. 3 units have their own wash/ dry hookups for added desirability. Tenants can enjoy the convenience of being within walking distance to the bus, and all the local shopping .Great storage available in the garage. Recent roof!

    Zillow last checked: 7 hours ago

    Listing updated: July 29, 2025 at 08:18am

    Listed by:

    Lynda Hafner,

    ERA Key Realty Services- Spenc

    Bought with:

    Candor Realty Group

    Four Points Real Estate, LLC

    Source: MLS PIN,MLS#: 73377329

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 13
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Hot Water, Baseboard
    Cooling
    • Window Unit(s)
    Appliances
    • Laundry: Washer Hookup, Dryer Hookup
    Features
    • Living Room, Kitchen, Dining Room
    • Flooring: Wood, Carpet, Hardwood
    • Doors: Insulated Doors
    • Windows: Insulated Windows
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 5,880
    • Total interior livable area: 5,880 sqft
    • Finished area above ground: 5,880

    Property

    Parking
    • Total spaces: 8
    • Parking features: Paved Drive, Off Street
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Exterior features: Balcony
    • Has view: Yes
    • View description: City
    • Waterfront features: Lake/Pond, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
    Lot
    • Size: 0.26 Acres
    • Features: Corner Lot
    Details
    • Parcel number: M:00U07 B:00086 L:00000,1692581
    • Zoning: RR

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Family - 5+ Units Up/Down
    Materials
    • Frame
    • Foundation: Stone
    • Roof: Shingle
    Condition
    • Year built: 1840

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: for Electric Range

    Community & neighborhood

    Community
    • Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Public School
    Location
    • Region: Spencer

    HOA & financial

    Other financial information
    • Total actual rent: 5800
    Services availability
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