Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mid-Century Two-Family Home Title is generated by Realmo AI

    20 Golf St., Southbridge, MA 01550

    View on Map
    Claim this Listing
    For Sale
    $399,900

    Spacious two-family home with updated features and ample storage.

    Type:Multi Family Home
    Property size:
    2,304 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $173/SF
    Added:
    Apr 23, 2026
    Days on Market:
    39
    Last Refresh:
    Apr 23 at 8:11 am

    Property Features for 20 Golf St.

    General Information

    Standard status
    Active
    Size
    2,304 SF
    Lot size
    0.28 Acres
    Property subtype
    Multi Family Home

    Building Details

    Year Built
    1949

    We can help!

    Listing Contact
    Kim Oakes

    Listing agent Kim Oakes License #453003265

    Listing office RE/MAX Prof Associates

    Listing date Apr 23, 2026

    Source Alliancepartnersre

    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 RE/MAX Prof Associates

    HighLights

    • Large Units: Approximately 1152 sq ft per unit, comparable in size to a ranch house.
    • Two‑Family Home: Ideal for investment, mortgage assistance, or multi‑generational living.
    • Updated Gas Boiler: Provides efficient heating.
    • Updated First Floor Bathroom: Modernized for comfort and style.
    • Recent Roof: Roof is approximately 8 years old.
    • Ample Storage: Includes a walk‑up attic, basement, and shed.

    Overview

    This mid-century two-family home presents an opportunity for investors or those seeking a mortgage helper. Alternatively, it could accommodate merging families. The property features large, comfortable units, each approximately 1152 square feet, situated on a sizable lot of approximately 0.28 acres. Unit 1, located on the first floor, includes 3 bedrooms, 1 updated full bathroom, an eat-in kitchen, a large living room, in-unit washer and dryer, and ample closet space. Unit 2, on the second floor, offers 3 bedrooms, 1 full bathroom, an eat-in kitchen, a large living room, and plenty of closet space. The property also features an updated gas boiler and a roof approximately 8 years old. There is plenty of yard space for entertaining, along with lots of storage space in the walk-up attic, basement, and shed. The location provides easy access to shopping, gas stations, restaurants, and highways, approximately 15 minutes away.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $45.6k $19.80
    − Vacancy −$1.1k −$0.49
    EGI $44.5k $19.31
    − OpEx −$13.3k −$5.79
    NOI $31.1k $13.52
    2,304 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $444.9K
    $389.3K – $519.1K (±1% cap)
    NOI $31,145 @ 7.0% cap · market cap 7.79%
    Second Best
    Apartment 5plus
    $387.2K
    $338.8K – $451.7K (±1% cap)
    NOI $27,104 @ 7.0% cap · market cap 6.78%
    Theoretical Best
    Office A
    $786.8K
    $688.4K – $917.9K (±1% cap)
    NOI $55,075 @ 7.0% cap · market cap 13.77%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Southbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0160124
    Latitude
    42.0698677

    Nearby Similar for Sale

    • $399,900
      4,674 SF

      Southbridge Commercial/Industrial Brick Building

      Versatile 4,674 SF space with 3-phase power and office.
      14 Curtis St, Southbridge Town, MA 01550
      View Details
    • $475,000
      9,536 SF

      Historic Office Building For Sale

      9,536 SF office building in Southbridge, Massachusetts.
      25 Elm St, Southbridge, MA 01550
      View Details
    • $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
    • $450,000

      Commercial/Industrial Building with Heavy Equipment Support

      Centrally located commercial/industrial building with reinforced shop floors.
      248 Elm Street, Southbridge, MA 01550
      View Details
    • $495,000

      Downtown Southbridge Office Building

      Classic office building in downtown Southbridge, suitable for various uses.
      330 Main St | Southbridge, MA 01550
      View Details
    • $699,900
      4,160 SF

      Mixed-Use Investment Property Available

      Four-unit property with residential and commercial spaces, generating solid income.
      33 Crystal Street, Southbridge, MA 01550
      View Details
    • $699,900
      4,160 SF

      Mixed-Use Investment Property For Sale

      Four-unit property with residential and commercial spaces, generating solid income.
      33 Crystal St, Southbridge, MA 01550
      View Details
    • $399,900
      2,304 SF

      Mid-Century Two-Family Home

      Spacious two-family home with large units and updated features.
      20 Golf St., Southbridge Town, MA 01550
      View Details
    • $440,000
      4,188 SF

      Southbridge Triplex with Investment Potential

      Three-unit multifamily property in Southbridge, ideal for investors.
      172 Mechanic St, Southbridge, MA 01550
      View Details
    • $624,900

      Southbridge Four-Unit Multifamily Building

      Four-unit building with architectural details and recent updates.
      13 Edwards St, Southbridge Town, MA 01550
      View Details
    • $699,900

      Mixed-Use Property with Commercial Unit

      Three residential units plus a commercial unit for sale.
      33 Crystal St, Southbridge Town, MA 01550
      View Details
    • $399,900
      2,304 SF

      Mid-Century Two-Family Home

      Spacious two-unit home with updated features and ample storage.
      20 Golf St., Southbridge, MA 01550
      View Details

    FAQs

    What type of property is this?
    Duplex - Spacious two-family home with updated features and ample storage.
    Where is this duplex located?
    The property is located at 20 Golf St. Southbridge, MA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Large Units: Approximately 1152 sq ft per unit, comparable in size to a ranch house.; Two‑Family Home: Ideal for investment, mortgage assistance, or multi‑generational living.; Updated Gas Boiler: Provides efficient heating.
    (508) 864-7345
    We can help!
    Listing Contact
    Kim Oakes
    Real Estate License ID: 453003265
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    20 Golf St., Southbridge, MA 01550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!