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Listing: 1 of 1 Updated 25 minutes ago

37 Cherry St Spencer, MA 01562

Multi-Family $719,900


Open House: -

Group showing Sat 5/24 at 1 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!


General Information for 37 Cherry St Spencer, MA 01562

Town Spencer
County Worcester
Stories 9
SQFT 5,880
Status Available
Listing Number 73377329 (MLSPIN)

Rooms Information for 37 Cherry St Spencer, MA 01562

Laundry Washer Hookup
Dryer Hookup

Interior Information for 37 Cherry St Spencer, MA 01562

Basement Full
Interior Features Living Room
Kitchen
Dining Room
Wood
Carpet
Hardwood
Heating Hot Water
Baseboard
Cooling Window Unit(s)
Appliances Refrigerator
Oven

Exterior Information for 37 Cherry St Spencer, MA 01562

Lot Size 0.26 acres
Lot Description Corner Lot
Construction Frame
Garage 2 Car Garage
Parking Spaces: 8
Paved Drive
Off Street
Lot Corner Lot
Water Public
Sewer Public Sewer
Exterior Features Balcony

Neighborhood Information for 37 Cherry St Spencer, MA 01562

Neighborhood Amenities Public Transportation
Shopping
Park
Walk/Jog Trails
Laundromat
Public School

Schools information for 37 Cherry St Spencer, MA 01562

Elementary Wire Village
Middle Know Trail
High David Prouty
General Area Public, Private School and College Information

Miscellaneous Information for 37 Cherry St Spencer, MA 01562

Year Built 1840
Association Fee 0
Taxes $4,967 /Yr
Comp Buyer Agency Compensation:2.0
Buyer Agency Compensation Type:%
Sub Agency Compensation:0
Sub Agency Compensation Type:%
Transaction Broker Compensation:1
Compensation Based On:
Sub-Agency Relationship Offered:

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Listing provided courtesy of era key realty services- spenc

Market Snapshot as of May 21, 2025 (Last 30 days)

Condo Data
Units 7,117
Avg Price $990,190
Avg Days Listed 86
Total New Listings 1
House Data
Units 12,450
Avg Price $1,295,833
Avg Days Listed 73
Total New Listings 15
Multi-Family Data
Units 1,893
Avg Price $1,275,070
Avg Days Listed 98
Total New Listings 4

Average Price by Property Type
Units by Property Type
Average Days on Market by Property Type

Recent Home Sales In This Zip Code (01562)

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Listing: 1 of 1 Updated 25 minutes ago
Real Estate LogoThe property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. (K95257/CN216125)