Two-Unit Duplex with Private
457 Charlton St, Southbridge, MA 01550
For Sale
$409,999
Pending
Residential Income, Southbridge, MA
Property Size2,160 SF
Lot Size0.11 Acres
Days on Market54
Property Features for 457 Charlton St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Pinnacle Central · Keller Williams Realty
Listed By:
Sarah Gustafson
(508) 754-3020
Added: Sep 22
Changed: Oct 24
Last Checked: Nov 14 at 6:06AM
MLS# 73580861
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.
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Investment Insights
Based on property information with market context.
Built in 1985, this duplex contains two residences totaling 2,160 square feet on a 0.11-acre lot. Each unit has two bedrooms, a kitchen with dining or seating space, and updated flooring. Separate exterior doors provide access to the first and second floors. The first-floor residence also includes a large living room and access to an open cellar extending beneath the home.
At 457 Charlton St in Southbridge, the property has an open driveway and a walk-out bulkhead to a fenced backyard bordered by woods. The lot is zoned R2.
At 457 Charlton St in Southbridge, the property has an open driveway and a walk-out bulkhead to a fenced backyard bordered by woods. The lot is zoned R2.
Key Highlights
- Two‑unit duplex with 2,160 square feet of living area
- Each residence includes two bedrooms and separate exterior access to the first and second floors
- 0.11‑acre lot zoned R2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,198
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,960
$584.0K
Cap Rate 7%
$417,114
$417.1K
Cap Rate 9%
$324,422
$324.4K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$42.8K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$41.7K $19.31/SF
− OpEx
−$12.5K −$5.79/SF
NOI
$29.2K $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%
$583,960
Cap Rate 7%
$417,114
Cap Rate 9%
$324,422
Alternative Uses
Best Use
Multifamily LT 5
$417.1K
$365.0K – $486.6K
NOI $29,198 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$363.0K
$317.6K – $423.5K
NOI $25,410 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$737.6K
$645.4K – $860.6K
NOI $51,633 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
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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
$267,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Worcester County, MA
Properties on Market for Duplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, while separate exterior doors provide private access to both floors.
Where is this duplex located?
The property is located at 457 Charlton St Southbridge, MA.
What is the asking price?
The asking price for this property is $409,999.
What are key features of this property?
This property features: Two‑unit duplex with 2,160 square feet of living area; Each residence includes two bedrooms and separate exterior access to the first and second floors; 0.11‑acre lot zoned R2
