47 Morris St, Southbridge, MA 01550
Extensively renovated three-family property with separated utilities, updated systems, and exterior egress for improved safety.
- Added:
- Jun 5, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 10 at 2:33 am
Property Features for 47 Morris St
General Information
- Standard status
- Active
- Size
- 2,074 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1890
Listing agent We Close Deals Team (508) 612-0821
Listing office Lamacchia Realty, Inc. (508) 612-0821
Listing date Jun 5, 2026
Source Lockandkeyre
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 Lamacchia Realty, Inc.
HighLights
- 1890‑built renovated three‑family property in Southbridge
- New roof and new windows as part of extensive upgrades
- Upgraded electrical service with new panels and meters
- Cast‑iron plumbing removed; complete bathroom and kitchen plumbing updates in each unit
- Separate gas and water services for each unit, with new water lines and all‑new hot water heaters
- Added exterior egress for the third‑floor unit
Overview
Located at 47 Morris St in Southbridge, MA, the building is arranged to provide independent utility services by unit, which can simplify day-to-day operations. The third-floor unit’s exterior egress improves compliant access compared with older configurations.
The combination of major mechanical, electrical, and plumbing replacements with unit-by-unit utility separation supports a low-maintenance ownership experience for both investors and owner-occupants. With cosmetic improvements completed alongside system upgrades, this three-family offers a turn-key option for tenants and a streamlined setup for an operator seeking dependable building performance.
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 | $41.1k | $19.80 |
| − Vacancy | −$1.0k | −$0.49 |
| EGI | $40.1k | $19.31 |
| − OpEx | −$12.0k | −$5.79 |
| NOI | $28.0k | $13.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southbridge
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.026099
- Latitude
- 42.0715493
