Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    135 Elm St Southbridge, MA 01550

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    Contact for pricing

    Four-unit multifamily property in Southbridge, ideal for investors.

    Lot size:
    0.21 Acres

    Property Features for 135 Elm St

    General Information

    Property type
    Investment
    Standard status
    Pending
    Lot size
    0.21 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Erivaldo Silveira
    Source: Elliman

    Listing Agent: Erivaldo Silveira

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

    Learn more

    Overview

    Southbridge Multifamily Investment Opportunity

    This multifamily property in Southbridge features four units: two 1-bedroom units and two 2-bedroom units. The property is located in the downtown area, with proximity to major routes, schools, shopping, and dining. Exterior features include vinyl siding, a new roof installed in 2021, newer decks, a 3-car garage, and off-street parking. The property will be delivered with one unit occupied. This property may be suitable for owner-occupancy or for investors.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Southbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0355519
    Latitude
    42.0714175

    Nearby Similar for Sale

    • $750,000

      Downtown Southbridge Office Building

      Three-story office building with a private club/bar in Southbridge.
      326 Main St, Southbridge, MA 01550
      View Details
    • $475,000

      Historic Office Building For Sale

      9,536 SF office building in Southbridge, Massachusetts.
      25 Elm St, Southbridge, MA 01550
      View Details
    • $495,000
      8,937 SF

      Downtown Southbridge Vintage Office Building

      Vintage office building in downtown Southbridge, suitable for office use.
      330-334 Main St, Southbridge, MA 01550
      View Details
    • $750,000
      17,432 SF

      Three-Story Office Building For Sale

      Turnkey office building with elevator and handicap access.
      326-328 Main St, Southbridge, MA 01550
      View Details
    • $429,999
      Pending

      Multifamily Home Near Downtown

      Multifamily property with income potential near Southbridge's revitalizing downtown.
      89 Worcester St, Southbridge, MA 01550
      View Details
    • $499,000

      Renovated Two-Family Home with River

      Renovated two-family home on a spacious corner lot.
      7 Pearl St, Southbridge, MA 01550
      View Details
    • Contact for pricing
      198,300 SF

      Southbridge Industrial Building for Cultivation

      198,300 SF industrial building suited for marijuana cultivation and manufacturing.
      35 Optical Dr, Southbridge, MA 01550
      View Details
    • $429,999
      Pending

      Multifamily Home Near Downtown

      Well-maintained multifamily property with income potential near Southbridge downtown.
      89 Worcester St, Southbridge, MA 01550
      View Details
    • Contact for pricing

      Southbridge Multifamily Investment Opportunity

      Multifamily property in prime location with income potential.
      6-10 Walcott St, Southbridge, MA 01550
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property in Southbridge, ideal for investors.
    Where is this quadplex located?
    The property is located at 135 Elm St Southbridge, MA.
    What are key features of this property?
    This property features: - New Roof (2021); - 3-Car Garage; - Two 2-Bedroom Units and Two 1-Bedroom Units
    (508) 335-5748
    Request Owner's contact information
    135 Elm St Southbridge, MA 01550
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    135 Elm St
    Southbridge, MA 01550
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    135 Elm St Southbridge, MA 01550
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Erivaldo Silveira
    (508) 335-5748 (877) 943-8676
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!