Maple Street Apartments offers investors a rare opportunity to acquire a small, value-add multifamily portfolio in the heart of Spencer, Massachusetts. The property consists of (3) adjacent two-unit buildings, totaling 6 residences with direct-entry layouts that resemble single-family homes—ideal for long-term renters or owner-occupied investors seeking privacy and space. Maple Street Apartments has seen recent exterior and landscaping improvements, while interior renovations in select units have proven rent growth potential, all completed in 2025. Located just a half mile from Route 9, the property provides excellent connectivity to Route 90 (Mass Pike), Downtown Worcester, and Worcester Regional Airport—all within 30 minutes. With under-market rents, full utility separation other than water and sewer, and a desirable residential feel, Maple Street Apartments stands out as a compelling investment in a supply-constrained Central Massachusetts market.
For sale
Price cut: $50K (6/4)
$1,300,000
79-79-83.5 Maple St, Spencer, MA 01562
6beds
3,624sqft
Est.:
5-9 Family
Built in 1978
-- sqft lot
$-- Zestimate®
$359/sqft
$-- HOA
What's special
Adjacent two-unit buildingsInterior renovationsDirect-entry layouts
- 97 days
- on Zillow |
- 170 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: June 08, 2025 at 12:10am
Listed by:
Nicholaus Jasinski,
Matthews Real Estate Investment Services, Inc.,
Nicholaus Jasinski
Source: MLS PIN,MLS#: 73366799
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Features
- Flooring: Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,624
- Total interior livable area: 3,624 sqft
- Finished area above ground: 3,624
Property
Parking
- Total spaces: 12
- Parking features: Off Street
Lot
- Size: 0.66 Acres
- Features: Other
Details
- Zoning: VR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Spencer
Financial & listing details
- Price per square foot: $359/sqft
- Tax assessed value: $99
- Annual tax amount: $8,222
- Date on market: 4/30/2025
- Total actual rent: 9100
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