Two-Family Residential Income
47 Winter Street Southbridge, MA 01550
47 Winter Street, Southbridge, MA, 01550
$479,900
For Sale
$479,900
Updated two-unit property features hardwood floors, updated kitchens and baths, and off-street parking.
Property Size2,064 SF
Price / SF$232.51
Days on Market64
Property Features for 47 Winter Street
General Information
- Standard status
- Active
- Size
- 2,064 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
ERA Key Realty Services- Spenc
(508) 885-6336
Listed by
Lori Stanikmas · License #9023471
(508) 885-6336
Source
Compass
Added: May 19 Updated: Jul 21 at 6:08AM Checked: Jul 21 at 6:08AM
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 ERA Key Realty Services- Spenc
Investment Insights
Based on property information with market context.
This two-family residential income property is offered in updated condition. Each unit includes three bedrooms and hardwood floors, with updated lighting throughout. Roof, windows, bathrooms, and kitchens have all been updated, and the exterior and interior are freshly painted with no painting necessary.
The home also includes a partially finished basement with a half bath for the lower unit. Outdoor space includes a patio, composite decking, and handrails, along with exterior basement access. Off-street parking is provided via a paved driveway.
The first-floor unit is delivered vacant, while the second-floor unit is currently leased (lease details available upon request). Showings are weekends only.
The home also includes a partially finished basement with a half bath for the lower unit. Outdoor space includes a patio, composite decking, and handrails, along with exterior basement access. Off-street parking is provided via a paved driveway.
The first-floor unit is delivered vacant, while the second-floor unit is currently leased (lease details available upon request). Showings are weekends only.
Key Highlights
- Updated 2‑family property with hardwood floors, updated kitchens, and updated bathrooms.
- Roof, windows, bathrooms, and kitchens updated; interior and exterior freshly painted.
- Lower unit features a partially finished walk‑out basement with a half bath and exterior basement access.
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 | $40.9k | $19.80 |
| − Vacancy | −$1.0k | −$0.49 |
| EGI | $39.9k | $19.31 |
| − OpEx | −$12.0k | −$5.79 |
| NOI | $27.9k | $13.52 |
2,064 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.6K
$348.8K – $465.0K
NOI $27,900 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$346.9K
$303.5K – $404.7K
NOI $24,281 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$704.8K
$616.7K – $822.3K
NOI $49,338 @ 7.0% cap · market cap 10.28%
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 - Updated two-unit property features hardwood floors, updated kitchens and baths, and off-street parking.
Where is this duplex located?
The property is located at 47 Winter Street Southbridge, MA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Updated 2‑family property with hardwood floors, updated kitchens, and updated bathrooms.; Roof, windows, bathrooms, and kitchens updated; interior and exterior freshly painted.; Lower unit features a partially finished walk‑out basement with a half bath and exterior basement access.
