Residential Income
24 Caron Street Southbridge, MA 01550
For Sale
$325,000
Empty duplex property is ready for renovation, though it may not qualify for all financing programs.
Property Size2,073 SF
Price / SF$156.78
Days on Market225
Property Features for 24 Caron Street
General Information
- Standard status
- Active
- Size
- 2,073 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing Agency:
Real Broker MA, LLC
(855) 450-0442
Listed By:
Tony Palmerino · License #9535769
(855) 450-0442
Source:
Compass
Added: Dec 14, 2025
Changed: Jul 23
Last Checked: Jul 23 at 3:20PM
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 Real Broker MA, LLC
Investment Insights
Based on property information with market context.
This for-sale duplex is delivered empty and will require some work. It’s being marketed as a residential income property with a unit configuration typical of duplexes, positioned for investors or landlords who want to renovate and re-stabilize the asset.
The property is located at 24 Caron Street in Southbridge, MA. The seller notes that the property will not qualify for all types of financing, which prospective buyers should review during their funding due diligence.
At this time, no additional details are provided regarding building condition beyond the need for work, or about specific improvements, layout, or current operating income.
The property is located at 24 Caron Street in Southbridge, MA. The seller notes that the property will not qualify for all types of financing, which prospective buyers should review during their funding due diligence.
At this time, no additional details are provided regarding building condition beyond the need for work, or about specific improvements, layout, or current operating income.
Key Highlights
- Empty duplex property delivered ready for renovation (currently has no tenants in place).
- 2 bathrooms total (2 full baths).
- Full basement.
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 | $41.0k | $19.80 |
| − Vacancy | −$1.0k | −$0.49 |
| EGI | $40.0k | $19.31 |
| − OpEx | −$12.0k | −$5.79 |
| NOI | $28.0k | $13.52 |
2,073 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.3K – $467.0K
NOI $28,022 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$348.4K
$304.8K – $406.5K
NOI $24,387 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$707.9K
$619.4K – $825.9K
NOI $49,553 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Empty duplex property is ready for renovation, though it may not qualify for all financing programs.
Where is this duplex located?
The property is located at 24 Caron Street Southbridge, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Empty duplex property delivered ready for renovation (currently has no tenants in place).; 2 bathrooms total (2 full baths).; Full basement.
