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Maggie Li

I'm Maggie Li, a Newton, MA real estate agent serving first-time buyers, luxury clients and sellers across Greater Boston in English & Mandarin. Let's find your home.

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  • 1229 Centre Street, Newton Centre, MA, USA
  • (774) 222-0952
  • lyx0402@gmail.com

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William Raveis

© 2026 Maggie Li. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 8 Jones Street, Spencer, MA 01562
Active Under Contract
10 Days on market
8 Jones Street Spencer — Photo 1 of 40

8 Jones Street Spencer — Photo 1 of 40

$465,000

8 Jones Street, Spencer, MA 01562

Spencer, MA 01562

Beds

7

Baths

4

SqFt

2,656

Style

4 Family

Built

1940

FINAL & BEST BY 8/14/26 5PM. EXPIRE 8/15 PLS TO ALLOW REVIEW & GET SIGNATURES. ESCALATION CLAUSES WILL NOT BE ACCEPTED OR LOVE LETTERS. Four-family property offering flexibility for both investors and owner-occupants. The unit mix includes two one-bedroom apartments, one two-bedroom apartment, and one apartment with three bedrooms. One unit is currently occupied, while the vacant one-bedrooms and two-bedroom units provide an opportunity for immediate owner occupancy, new tenant placement, or cosmetic improvements. Each unit has separate heat and electricity, with an owner’s meter serving the common lighting and two-car garage. The garage also features walk-up storage above, and the property provides ample off-street parking. Conveniently located near downtown Spencer, everyday services, Luther Hill Park, and a bus stop, with access to Routes 9 and 31, the Mass Pike, Worcester, and Sturbridge. A versatile multifamily opportunity with several paths for future use and income growth.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$175/sqft
Local Avg (Spencer)$262/sqft
33% BelowMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Spencer, MA.

Property Details

Financials

Original Price$465,000
Annual Taxes$3,775

Parking

Garage2
Off-Street7

Interior Specifications

Total Rooms16
FireplacesNone
FlooringTile, Vinyl, Carpet, Varies, Laminate
BasementPartially Finished, Interior Entry, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas, Unit Control
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningVR

Property & Lot

Acres0.22
SqFt Lot9,625
Lot FeaturesGentle Sloping

Amenities & Appliances

None • Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Conservation Area

Geography

Population

12,008

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$81K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

37.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Full Spencer, MA market report ZIP 01562 market data
Listing Provided By

Listing Agent: Cliff Leinonen & Cindy Leinonen Team

Listing Office: Houseworks Realty

MLS® Number: 73561485

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