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    128 Elm St Southbridge, MA 01550

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    For Sale
    $672,000

    Centrally located multifamily property with strong rental income potential.

    Lot size:
    0.12 Acres

    Property Features for 128 Elm St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1900

    Source: Voro MA LLC Agent Erivaldo Silveira

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

    Overview

    Southbridge Multifamily Investment Opportunity

    This centrally located property features two separate buildings. The front building contains three units: one 1-bedroom unit, one 2-bedroom unit, and one townhouse-style 2-bedroom unit. The rear building offers two 3-bedroom units, each equipped with laundry hookups and ground-level secured storage. Both buildings include large basements with concrete floors for additional storage, as well as fully accessible attics. Four out of the five units are currently occupied by long-term tenants. There is plenty of off-street parking available, along with a 420 square foot detached garage. This property is a solid addition to any portfolio.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    -72.0359894
    Latitude
    42.071784

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    FAQs

    What type of property is this?
    Multifamily property - Centrally located multifamily property with strong rental income potential.
    Where is this multifamily property located?
    The property is located at 128 Elm St Southbridge, MA.
    What is the asking price?
    The asking price for this property is $672,000.
    What are key features of this property?
    This property features: - Excellent cash flow from day one with four out of five units currently occupied by long-term, reliable tenants.; - Two separate buildings with a total of five units (mix of 1, 2, and 3-bedroom units) offering diverse rental options.; - Potential for owner-occupancy with tenants offsetting a significant portion of the mortgage.
    (508) 335-5748
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    128 Elm St Southbridge, MA 01550
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    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
    128 Elm St Southbridge, MA 01550
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