Two-Family Residential Income
441 Hamilton St Southbridge, MA 01550
441 Hamilton St, Southbridge, MA, 01550
$389,000
Pending
For Sale
$389,000
Pending
Two residential units with three bedrooms each, delivered vacant, with an approximately 10-year-old roof.
Property Size2,560 SF
Days on Market84
Property Features for 441 Hamilton St
General Information
- Standard status
- Pending
- Size
- 2,560 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
Serhant
(774) 321-5500
Listed by
JS & The City Team
(774) 321-5500
Source
Lockandkeyre
Added: Apr 29 Updated: Jul 21 at 1:35AM Checked: Jul 21 at 2:56AM
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 Serhant
Investment Insights
Based on property information with market context.
This two-family residential property includes two separate units, and each unit features three bedrooms. The property will be delivered completely vacant, offering flexibility for an owner-occupant or an investor planning renovations. The roof is approximately 10 years old, and the home needs some TLC.
Located at 441 Hamilton St in Southbridge, MA, the property provides a straightforward duplex configuration for income or multi-family living plans.
With both units vacant and a newer roof component, the property’s focus is on interior and exterior updates to bring it to your desired condition.
Located at 441 Hamilton St in Southbridge, MA, the property provides a straightforward duplex configuration for income or multi-family living plans.
With both units vacant and a newer roof component, the property’s focus is on interior and exterior updates to bring it to your desired condition.
Key Highlights
- Two‑family property built in 1900 featuring two residential units
- Each unit has 3 bedrooms
- Property will be delivered completely vacant
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 | $50.7k | $19.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $49.4k | $19.31 |
| − OpEx | −$14.8k | −$5.79 |
| NOI | $34.6k | $13.52 |
2,560 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$494.4K
$432.6K – $576.8K
NOI $34,605 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$430.2K
$376.5K – $501.9K
NOI $30,116 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$874.2K
$764.9K – $1.02M
NOI $61,194 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two residential units with three bedrooms each, delivered vacant, with an approximately 10-year-old roof.
Where is this duplex located?
The property is located at 441 Hamilton St Southbridge, MA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑family property built in 1900 featuring two residential units; Each unit has 3 bedrooms; Property will be delivered completely vacant
