6-Unit Apartment
102 Sayles Street, Southbridge, MA 01550
For Sale
$1,049,000
The fully leased property faces Harrington Hospital and is zoned R2.
Property Size5,412 SF
Price / SF$193.83
Days on Market15
Property Features for 102 Sayles Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
7
No
8
21
Electric Dryer Hookup,Washer Hookup
Public Record
5412
Public
0.39
6
Paved Drive
Stone
Building Details
Building Size
Year Built
Stories
Listing Agency:
A-1 Realty of MA LLC
Listed By:
John Belanger
Source:
Jrpierre
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 8 at 2:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of A-1 Realty of MA LLC
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Investment Insights
Based on property information with market context.
This 5,412-square-foot apartment property contains six units and was built in 1860. The building is fully rented and has a paved drive. R2 zoning is reported for the property.
The property is directly across from Harrington Hospital at 102 Sayles Street in Southbridge, Massachusetts.
The property is directly across from Harrington Hospital at 102 Sayles Street in Southbridge, Massachusetts.
Key Highlights
- Six‑unit apartment property
- 5,412 square feet
- Fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,667
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,340
$1.3M
Cap Rate 7%
$909,529
$909.5K
Cap Rate 9%
$707,411
$707.4K
Market Conditions
NOI Build-Up for 5,412 SF
Gross rent
$118.8K $21.96/SF
− Vacancy
−$3.1K −$0.57/SF
EGI
$115.8K $21.39/SF
− OpEx
−$52.1K −$9.63/SF
NOI
$63.7K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,340
Cap Rate 7%
$909,529
Cap Rate 9%
$707,411
Alternative Uses
Best Use
Apartment 5plus
$909.5K
$795.8K – $1.06M
NOI $63,667 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,368 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 01550, MA
17,740
Population
7,644
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
82%
High-School Grad
20.2 sq mi
ZIP Area
878
Density / Sq Mi
$59,397
Median Household Income
$41,365
Median Earnings
$1,157
Median Rent
$267,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Worcester County, MA
Properties on Market for Apartment buildings in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The fully leased property faces Harrington Hospital and is zoned R2.
Where is this apartment building located?
The property is located at 102 Sayles Street Southbridge, MA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Six‑unit apartment property; 5,412 square feet; Fully rented
