Mixed-Use Property with Large
166 Mechanic St Southbridge, MA 01550
For Sale
$780,000
Pending
MULTI_FAMILY - Southbridge, MA
Property Size5,733 SF
Lot Size0.28 Acres
Days on Market47
Property Features for 166 Mechanic St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bathroom 2, Bathroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 7, Bedroom 4, Bathroom 6, Bedroom 2, Bedroom 5
- Parking
- 10
- Standard status
- Pending
- APN
- M:0029 B:0052 L:00001,3977113
- Size
- 5,733 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7510
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 5
Listing Agency:
Keller Williams Elite
(508) 695-4545
Added: Jun 11
Changed: Jul 22
Last Checked: Jul 27 at 7:06AM
MLS# 73534995
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property at 166 Mechanic St in Southbridge, MA includes four fully updated residential units, a prime fully updated commercial storefront, and a substantial warehouse/workshop component. Within the warehouse, a section has been transformed into a climate-controlled, fully finished two-room suite with a full kitchen, full bath, and its own mini-split system, which may support an owner-occupant or on-site office use.
The upper floors provide four rentable two-bedroom apartments, and there is also a full top-floor area for additional storage rooms. The asset is supported by a huge, paved parking lot described as roughly the size of a half football field, suitable for commercial vehicles and/or tenant parking. The property is listed under zoning RB and is described as being close to Rt 20, Rt 169, and the Mass Pike.
The upper floors provide four rentable two-bedroom apartments, and there is also a full top-floor area for additional storage rooms. The asset is supported by a huge, paved parking lot described as roughly the size of a half football field, suitable for commercial vehicles and/or tenant parking. The property is listed under zoning RB and is described as being close to Rt 20, Rt 169, and the Mass Pike.
Key Highlights
- Built in 1900, this mixed‑use property combines residential units, a commercial storefront, and a warehouse/workshop component
- Includes 4 fully updated residential units with four rentable 2‑bedroom apartments on the upper floors
- Prime, fully updated commercial storefront as part of the mixed‑use setup
Financial Insights For Apartment 5plus
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 | $125.9k | $21.96 |
| − Vacancy | −$3.3k | −$0.57 |
| EGI | $122.6k | $21.39 |
| − OpEx | −$55.2k | −$9.63 |
| NOI | $67.4k | $11.76 |
5,733 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,776 @ 7.0% cap · market cap 10.87%
Second Best
Apartment 5plus
$963.5K
$843.0K – $1.12M
NOI $67,443 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,042 @ 7.0% cap · market cap 17.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Apartment building - Updated residential units, a commercial storefront, and a warehouse/workshop with a climate-controlled two-room suite, plus large paved parking.
Where is this apartment building located?
The property is located at 166 Mechanic St Southbridge, MA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Built in 1900, this mixed‑use property combines residential units, a commercial storefront, and a warehouse/workshop component; Includes 4 fully updated residential units with four rentable 2‑bedroom apartments on the upper floors; Prime, fully updated commercial storefront as part of the mixed‑use setup
