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!
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
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

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.