Duplex with Two Separate
For Sale
$299,900
Pending
48 Litchfield Ave, Southbridge, MA 01550
Residential Income, Southbridge, MA
Property Size2,296 SF
Lot Size0.17 Acres
Days on Market51
Property Features for 48 Litchfield Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking
4
Elementary school
Dept Of Ed
Middle school
Dept Of Ed
High school
Dept Of Ed
Directions
GPS
Standard status
Pending
APN
M:0052 B:0041 L:00001,3979321
Size
2,296 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5112
Amenities
hardwood floors
updated pantry
tiled bathroom
new natural gas furnace
off-street parking
Building Details
Year built
1917
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Prof Associates · RE/MAX International
Listed By:
Lorraine Herbert
(508) 347-9595
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 6 at 4:06PM
MLS# 73564726
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.
Investment Insights
Based on property information with market context.
This R2-zoned duplex contains 2,296 square feet across two units on a 0.17-acre lot. The first-floor residence has hardwood flooring, an updated pantry and a tiled bathroom; it is expected to be vacant at transfer. A tenant with nine years of occupancy remains in the second-floor unit, which is served by a natural gas furnace. The property dates to 1917 and includes off-street parking and natural gas service.
The Southbridge property is near a hospital and a conservation area with walking and biking trails. It is offered in as-is condition.
The Southbridge property is near a hospital and a conservation area with walking and biking trails. It is offered in as-is condition.
Key Highlights
- Two‑unit duplex with 2,296 square feet
- 0.17‑acre lot; zoned R2
- First‑floor unit expected to be vacant at transfer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,010
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,200
$540.2K
Cap Rate 7%
$385,857
$385.9K
Cap Rate 9%
$300,111
$300.1K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$50.4K $21.96/SF
− Vacancy
−$1.3K −$0.57/SF
EGI
$49.1K $21.39/SF
− OpEx
−$22.1K −$9.63/SF
NOI
$27.0K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,200
Cap Rate 7%
$385,857
Cap Rate 9%
$300,111
Alternative Uses
Best Use
Multifamily LT 5
$443.4K
$388.0K – $517.3K
NOI $31,037 @ 7.0% cap · market cap 10.35%
Second Best
Apartment 5plus
$385.9K
$337.6K – $450.2K
NOI $27,010 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$784.1K
$686.1K – $914.7K
NOI $54,884 @ 7.0% cap · market cap 18.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
453
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?
Duplex - One residence is expected to be vacant at transfer, while the other has a tenant in place.
Where is this duplex located?
The property is located at 48 Litchfield Ave Southbridge, MA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,296 square feet; 0.17‑acre lot; zoned R2; First‑floor unit expected to be vacant at transfer
