Three-Unit Residential Income
For Sale
$550,000
15 Liberty St, Southbridge, MA 01550
Well-maintained three-family home with garage, driveway, and street parking.
Property Size2,688 SF
Price / SF$204.61
Days on Market114
Property Features for 15 Liberty St
General Information
Standard status
Active
Size
2,688 SF
Total Parking Spaces
10
Property subtype
Multi-Family
Zoning
R3
Net Operating Income
$60,600
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,138
Building Details
Building Size
2,688 SF
Year Built
1950
Stories
3
Listing Agency:
Century 21 Limitless
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Churchillprop
Added: Jul 4
Changed: Oct 6
Last Checked: Oct 23 at 5:43AM
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 Century 21 Limitless
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Investment Insights
Based on property information with market context.
This well-maintained three-family residential property offers three separate units in a single building. The home provides spacious layouts across all three units and includes practical on-site parking options with a garage, driveway, and street parking available.
Located in an established residential neighborhood in Southbridge, the property is described as close to schools, parks, and community services. The area also offers easy access to Downtown Southbridge for restaurants, cafes, shops, and year-round community events.
Convenient transportation access is highlighted near Route 131, Route 169, and Interstate 90, supporting travel throughout Central Massachusetts and into Connecticut. The listing also notes proximity to UMass Memorial Health – Harrington Hospital and Westville Recreation Area.
Located in an established residential neighborhood in Southbridge, the property is described as close to schools, parks, and community services. The area also offers easy access to Downtown Southbridge for restaurants, cafes, shops, and year-round community events.
Convenient transportation access is highlighted near Route 131, Route 169, and Interstate 90, supporting travel throughout Central Massachusetts and into Connecticut. The listing also notes proximity to UMass Memorial Health – Harrington Hospital and Westville Recreation Area.
Key Highlights
- Well‑maintained 3‑family home built in 1950
- Three residential units with spacious layouts
- Garage, driveway, and street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,335
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,700
$726.7K
Cap Rate 7%
$519,071
$519.1K
Cap Rate 9%
$403,722
$403.7K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$53.2K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$51.9K $19.31/SF
− OpEx
−$15.6K −$5.79/SF
NOI
$36.3K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,700
Cap Rate 7%
$519,071
Cap Rate 9%
$403,722
Alternative Uses
Best Use
Multifamily LT 5
$519.1K
$454.2K – $605.6K
NOI $36,335 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$451.7K
$395.3K – $527.0K
NOI $31,622 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$917.9K
$803.2K – $1.07M
NOI $64,254 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
635
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family home with garage, driveway, and street parking.
Where is this triplex located?
The property is located at 15 Liberty St Southbridge, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Well‑maintained 3‑family home built in 1950; Three residential units with spacious layouts; Garage, driveway, and street parking available
