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.
Listed by Nicholaus Jasinski
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Matthews Real Estate Investment Services, Inc.
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617-448-1677
Last updated June 08, 2025
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Source: MLSPin #73366799
Listing Facts
TypeMulti-family
NeighborhoodSpencer
Bedrooms6
Bathrooms6
Days on Prevu133
Taxes$8,222/year
Size3,624 sqft
Price per sqft$359
Amenities
Parking
Location
Mortgage Calculator
Listing History
06/04/2025
Price Decreased
$1,300,000
04/30/2025
Listed by Matthews Real Estate Investment Services, Inc.
$1,350,000
Property Details for 79-83.5 Maple Street
Exterior
Construction
Number Of Units Total: 6
Roof: Shingle
Stories: 2
Stories Total: 2
Year Built: 1978
Year Built Details: Approximate
Construction Materials: Frame
Features
Road Frontage Type: Public
Measurements
Building Area Total: 3,624
Building Area Units: Square Feet
Lot Features: Other
Lot Size Acres: 0.66
Lot Size Area: 0
Lot Size Square Feet: 28,749
Lot Size Units: Acres
Financial
Residential Income
Gross Income: $105,924.00
Operating Expense: $26,510.00
Taxes
Tax Annual Amount: $8,222.00
Tax Assessed Value: $99.00
Tax Year: 2024
Interior
Features
Flooring: Vinyl
Measurements
Living Area: 3,624
Living Area Source: Public Record
Rooms
Bathrooms Full: 6
Bathrooms Total Integer: 6
Bedrooms Total: 6
Rooms Total: 18
Parking
Parking
Parking Features: Off Street
Parking Total: 12
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
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