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    51 Green Ave Southbridge, MA 01550

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    For Sale
    $490,000

    Excellent investment opportunity: a leased 3-family home in Southbridge.

    Lot size:
    0.11 Acres

    Property Features for 51 Green Ave

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1920

    Source: The Neighborhood Realty Group Agent Jackie Painchaud

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Triplex in Southbridge

    This is an income-producing 3-family home in Southbridge, presenting an opportunity for investors. All units are currently leased to tenants. Each unit features 3 bedrooms. Tenants are responsible for paying all their own utilities, with the exception of trash and water/sewer, which are paid by the landlord. The property has separate gas heat on all floors. Half of the rubber roof was recently replaced. The property includes spacious front porches. There is an owner's meter for the common area electricity. The property is conveniently located close to downtown Southbridge and many local businesses.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0270441
    Latitude
    42.0809608

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    FAQs

    What type of property is this?
    Triplex - Excellent investment opportunity: a leased 3-family home in Southbridge.
    Where is this triplex located?
    The property is located at 51 Green Ave Southbridge, MA.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: - Excellent income-producing 3-family home; - All units are leased to well-paying tenants; - Tenants pay all utilities except trash, water, and sewer
    (774) 253-9354
    Request Owner's contact information
    51 Green Ave Southbridge, MA 01550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 Green Ave Southbridge, MA 01550
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