Two-Unit Multi-Family
50 Fairlawn Ave Southbridge, MA 01550
50 Fairlawn Ave, Southbridge, MA, 01550
$485,000
For Sale
$485,000
Two-unit duplex features replacement windows, off-street parking for six cars, and an additional side yard on a double lot.
Property Size2,352 SF
Lot Size0.29 Acres
Price / SF$206.21
Days on Market95
Property Features for 50 Fairlawn Ave
General Information
- Standard status
- Active
- Size
- 2,352 SF
- Lot size
- 0.29 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing agency
Property Investors & Advisors, LLC
(508) 335-5076
Listed by
Olotu J. Wariebi · License #9578131
Source
Arborviewrealtyinc
Added: Apr 18 Updated: Jul 20 at 6:48PM Checked: Jul 20 at 6:48PM
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 Property Investors & Advisors, LLC
Investment Insights
Based on property information with market context.
This two-unit duplex is fully occupied and offered for sale for immediate income. The property is sited on a generous total lot and includes additional yard space on the side of the building. Public records list two bedrooms on each floor, though the property is currently being used as a three-bedroom configuration.
Off-street parking is available for up to six cars. The building is located at the end of a dead-end street with no traffic, and all windows are replacement windows. Heat is included in the rent, supported by the fact that there is only one heating system in the building.
The duplex offers a straightforward income property layout with a kitchen for each unit and outdoor space provided by the side yard and double-lot setting.
Off-street parking is available for up to six cars. The building is located at the end of a dead-end street with no traffic, and all windows are replacement windows. Heat is included in the rent, supported by the fact that there is only one heating system in the building.
The duplex offers a straightforward income property layout with a kitchen for each unit and outdoor space provided by the side yard and double-lot setting.
Key Highlights
- Two‑unit duplex with fully occupied status for instant income
- 12632 SF total lot with an additional side yard and double‑lot setup
- Off‑street parking for 6 cars
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 | $46.6k | $19.80 |
| − Vacancy | −$1.2k | −$0.49 |
| EGI | $45.4k | $19.31 |
| − OpEx | −$13.6k | −$5.79 |
| NOI | $31.8k | $13.52 |
2,352 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$454.2K
$397.4K – $529.9K
NOI $31,794 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$395.3K
$345.9K – $461.2K
NOI $27,669 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex features replacement windows, off-street parking for six cars, and an additional side yard on a double lot.
Where is this duplex located?
The property is located at 50 Fairlawn Ave Southbridge, MA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑unit duplex with fully occupied status for instant income; 12632 SF total lot with an additional side yard and double‑lot setup; Off‑street parking for 6 cars
