#73368911, Nicholaus Jasinski, Listing Office: Matthews Real Estate Investment Services, Inc.
$719,900 List price
37 Cherry St Spencer, MA 01562
$8,549
Closing credit¹
13 beds
5 full
5,880 sqft
0.3 acres
$122 / sqft
Multi-Family
Property details
About 37 Cherry St
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!
Highlights
Home typeMulti Family
HeatingHot Water, Baseboard
StatusActive
(New)
(New)
CoolingWindow Unit(s)
Size5,880 sqft
BasementYes
Lot size0.26 Acres
Year built1840
ParkingPaved Drive, Off Street
MLS #73377329
Garage2 spaces
WaterfrontBeach, Lake Front
ViewCity
Summary
- Full Bathrooms: 5
- Appliances: Refrigerator, Oven
- Basement: Yes
- Flooring Type: Wood, Carpet, Hardwood
- Interior: Living Room, Kitchen, Dining Room
- Total Bedroom Count: 13
- Garage Space: 2 spaces
- Parking: Paved Drive, Off Street
- Waterfront: Beach, Lake Front
- View: City
- Exterior: Balcony
- Heating: Hot Water, Baseboard
- Cooling: Window Unit(s)
- List Price: $719,900
- Price/SqFt: $122
- Annual Tax Amount: $4,528
- Tax Year: 2024
- Lot: Corner Lot
- Directions: Gps close to Rt 9 and Spencer center
- Year Built: 1840
- Stories: 9
- Living Area: 5,880 SqFt
- Lot Size: 0.26 Acres
- MLS Number: 73377329
- MLS Name: MLS Property Information Network
- Office Name: ERA Key Realty Services- Spenc
- Office Phone: (508) 885-6336
- Listing Agent: Lynda Hafner
Disclaimer: The 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. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/20/2025, 4:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$719,900
37 Cherry St
$8,549
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 30, 2022 | Home Sold | $369,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $395,800 | $4,528 |
| 2023 | $355,000 | $4,281 |
| 2022 | $276,200 | $3,635 |
| 2021 | $276,200 | $3,878 |
| 2020 | $286,700 | $4,048 |
| 2019 | $227,400 | $3,152 |
History based on county public records data.
Nearby schools
2
Wire Village School
Public District KG-4
1.3 mi
•60 Paxton Rd
3
Leicester Elementary School
Public District KG-4
4.3 mi
•170 Paxton St
4
North Brookfield Elementary School
Public District PK-6
5.2 mi
•10 High School Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,329. Residents of Spencer, MA typically earn less than $<35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
63%
<35k
28%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
9%
Single, with Kids
15%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
22%
18-34 yrs old
33%
35-64 yrs old
24%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
College Football
Where do the neighbors shop?
Family Dollar
Stein Mart
Kmart
Where do the neighbors go to eat?
Dominos Pizza
Bob Evans
Sonic
What do the neighbors drive?
Ford
Buick
Kia
What do the neighbors listen to?
New Country
Adult Standards
Oldies
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 37 Cherry St in Spencer, MA and zip code 01562. This 5,880 square foot home, which was built in 1840, sits on a 0.26 acre lot. Features: 13 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 19, 2025 and is currently priced at $719,900.
While more than 8 listings in Spencer, MA in April 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below. In April 2025 in Spencer, MA there were 22.2% more homes for sale than in March. While the average time on the market in April 2025 was 17 days, the median list price was $420,000.
From Rocket Homes Real Estate and based on county public records data.