Artboard 1? alert-icon? Artboard 1? ? ? delete-icon? edit-icon? email-icon hide-hover-icon? Artboard 1? login-icon-white Artboard 1? next-icon-left next-icon-right-left next-icon-left-ochre next-icon next-icon-right-grey next-icon-right-ochre plus-with-circle-iconP search-fw-icon? search-icon-ochre search-icon-white

37 Cherry St

Spencer, MA 01562
$675,000
13 Beds
5 Baths
5,880 Living Area
  • Property Description
    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!
  • Highlights
    • Cooling: Window Unit(s)
    • Heating: Hot Water, Baseboard
    • Parking Spots: 10
    • Property Type: 5+ Family - 5+ Units Up/Down
    • Total Rooms: 23
    • Status: Closed
    • Has View: Yes
    • Levels: 5
    • Property Class: Residential Income
    • Stories: 5
    • Year Built: 1840
  • Additional Details
    • Appliances: Refrigerator, Oven
    • Construction: Frame
    • Exterior Features: Balcony
    • Foundation: Stone
    • Lot Features: Corner Lot
    • Roof: Shingle
    • Total Number of Units: 5
    • Year Built Details: Renovated Since
    • Zoning: Rr
    • Basement: Full
    • Exclusions: Tenants Personal Property
    • Flooring: Wood, Carpet, Hardwood
    • Interior Features: Living Room, Kitchen, Dining Room
    • Road Frontage Type: Public
    • SqFt Source: Public Record
    • View: City
    • Year Built Source: Public Records
  • Amenities
    • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Public School
    • Parking Features: Paved Drive, Off Street
    • Covered Parking Spaces: 2
    • Waterfront Features: Lake/Pond, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $423,100
    • Tax Year: 2025
    • Total Rent: $5,800
    • Rental Fee Includes: Unit 1(Heat), Unit 2(Heat), Unit 3(Heat), Unit 4(Heat)
    • Taxes: $4,967

Location

37 Cherry St, Spencer, MA 01562

Loading Map...

Similar Listings

1 High St 1
35 Photos
1 High St Spencer, MA 01562
$765,000
10 Beds 5 Baths 5,638 Sqft
View Details
Sold
40 Lincoln Street 1
42 Photos
40 Lincoln Street Spencer, MA 01562
$695,000
6 Beds 6 Baths 3,486 Sqft
View Details
Sold
29 Church St 1
37 Photos
29 Church St Spencer, MA 01562
$625,000
7 Beds 2 Baths 2,600 Sqft
View Details
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Four Points Real Estate, LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
  • Request More Information:

    617.262.2500
    When you are ready, please contact us and we will put our unrivaled knowledge of the Boston real estate market to work for you. Whether you are buying a luxury condo or renting a luxury apartment, we pledge to make your experience as stress free and enjoyable as possible.

    Please call, email, or send us a message through the web form below. An LRG Real Estate agent will contact you promptly.

    For More Info Please Call:

    617.262.2500

    or

    Email Us
  • Hidden
  • This field is for validation purposes and should be left unchanged.

By joining you agree to our Terms of Use and Privacy Policy