50 Pleasant St, Spencer, MA 01562
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$589,000
3 Unit
6 Beds
3 Baths
3067 SQFT
0.44 Acre

Property Description

Fully occupied and turnkey 3-unit multifamily in Spencer, MA with potential for a 4th unit (buyer to verify). This renovated property features two 1-bedroom, 1-bath units and one large 4-bedroom, 1-bath unit—ideal for strong rental income. All units have been updated with modern finishes, including new kitchens, baths, flooring, and paint. Tenants enjoy a fully fenced-in yard, providing privacy and outdoor space. Off-street parking available. Each unit has separate utilities, minimizing landlord expenses and maximizing cash flow. Located near downtown Spencer, schools, shopping, and major commuter routes. Excellent opportunity for investors or owner-occupants seeking additional income. Solid rental history with long-term tenants in place. Clean, well-maintained, and generating income from day one. Explore the possibility of adding a 4th unit to increase value and returns. Don’t miss this rare, income-producing property in a growing Central MA market.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 5
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Conservation Area, House of Worship, Laundromat, Park, Public School, Public Transportation, Shopping, Tennis Court, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Bathroom with Shower Stall, Ceiling Fans, Internet Available - Unknown, Pantry, Programmable Thermostat, Stone/Granite/Solid Counters, Storage, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Range, Refrigerator, Washer Hookup
  • Common Heating: Ductless Mini-Split System, Electric, Electric Baseboard, Forced Air, Oil, Radiant, Space Heater

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 67800
  • Gross Expenses: 9768
  • Water/Sewer: 4118
  • INSC: 4328
  • Net Operating Income: 58033

Utilities

  • Electric Info: Circuit Breakers, Underground, Varies per Unit
  • Energy Features: Insulated Windows, Prog. Thermostat
  • Utility Connections: Varies per Unit, Washer Hookup, for Electric Dryer, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Included in Rent: Heat, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1860
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Vinyl, Vinyl / VCT, Wall to Wall Carpet
  • Lead Paint: Certified Treated, Unknown
  • Warranty: No

Other Information

  • MLS ID# 73410684
  • Last Updated: 08/17/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/02/2025Active$589,000$192MLSPIN
07/29/2025New$589,000$192MLSPIN
07/04/2023Expired$589,000$200MLSPIN
06/18/2023Active$589,000$200MLSPIN
06/14/2023Back on Market$589,000$200MLSPIN
05/11/2023Under Agreement$589,000$200MLSPIN
05/08/2023Active$589,000$200MLSPIN
05/04/2023New$589,000$200MLSPIN

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Seller's Representative: Joshua Hoffsommer, ERA Key Realty Services- Auburn
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-08-17 12:29:00

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