3-Unit Multifamily
For Sale
$400,000
26 Harding Ct, Southbridge, MA 01550
Three residential units include gas heat, laundry hookups, and separately metered electrical service.
Property Size2,283 SF
Price / SF$175.21
Days on Market59
Property Features for 26 Harding Ct
General Information
Standard status
Active
Size
2,283 SF
Total Parking Spaces
7
Property subtype
Residential Income
Zoning
R2
Occupancy
100%
Net Operating Income
$37,200
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,499
Amenities
laundry hookups
Building Details
Building Size
2,283 SF
Year Built
1937
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
The Neighborhood Realty Group
Listed By:
Michelle Sweeney
(508) 233-0080
Source:
Laerrealty
Added: Aug 8
Changed: Oct 5
Last Checked: Oct 4 at 6:52AM
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 The Neighborhood Realty Group
Investment Insights
Based on property information with market context.
Built in 1937, this 2,283-square-foot triplex contains three residential units and is situated on a dead-end street in Southbridge, Massachusetts. Each unit has an in-unit gas heater and laundry hookups. Electrical service is fully separated through a landlord panel, while occupants pay their own utilities.
The property includes a shared driveway with ample parking and is located at 26 Harding Ct. It is zoned R2 and currently has all three units rented to longtime tenants at will. The configuration also includes features relevant to an owner occupant or multifamily investor, including separate electrical service and on-site laundry connections.
The property includes a shared driveway with ample parking and is located at 26 Harding Ct. It is zoned R2 and currently has all three units rented to longtime tenants at will. The configuration also includes features relevant to an owner occupant or multifamily investor, including separate electrical service and on-site laundry connections.
Key Highlights
- Three‑unit multifamily property with 2,283 SF
- Built in 1937 and zoned R2
- All three units are currently rented to longtime tenants at will
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,861
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,220
$617.2K
Cap Rate 7%
$440,871
$440.9K
Cap Rate 9%
$342,900
$342.9K
Market Conditions
NOI Build-Up for 2,283 SF
Gross rent
$45.2K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$44.1K $19.31/SF
− OpEx
−$13.2K −$5.79/SF
NOI
$30.9K $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%
$617,220
Cap Rate 7%
$440,871
Cap Rate 9%
$342,900
Alternative Uses
Best Use
Multifamily LT 5
$440.9K
$385.8K – $514.4K
NOI $30,861 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$383.7K
$335.7K – $447.6K
NOI $26,857 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$779.6K
$682.2K – $909.6K
NOI $54,573 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
956
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include gas heat, laundry hookups, and separately metered electrical service.
Where is this triplex located?
The property is located at 26 Harding Ct Southbridge, MA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,283 SF; Built in 1937 and zoned R2; All three units are currently rented to longtime tenants at will
