Three-Unit Residential
54 Green Ave, Southbridge, MA 01550
For Sale
New
$549,900
Residential Income, Southbridge, MA
Property Size3,890 SF
Lot Size0.17 Acres
Price / SF$141.36
Days on Market4
Property Features for 54 Green Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
functional basement
private flat yard
covered decks
enclosed porches
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams Pinnacle Central · Keller Williams Realty
Listed By:
Sarah Gustafson
(508) 754-3020
Added: Nov 6
Last Checked: Nov 9 at 9:06AM
MLS# 73599843
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.
This 3,890-square-foot triplex contains three apartments on a 0.17-acre lot. The first- and second-floor units are vacant and have recently received fresh paint and new flooring. Each of those apartments has three bedrooms, a kitchen, a dining room, and an open living room. The building also includes a basement for storage, covered decks, and enclosed porches, along with a private, level yard.
Built in 1920, the property is zoned R3. Water is included in the rent, while gas and electricity are separately metered for each apartment.
Built in 1920, the property is zoned R3. Water is included in the rent, while gas and electricity are separately metered for each apartment.
Key Highlights
- Three apartments in a 3,890‑square‑foot building
- 0.17‑acre lot with private, flat yard
- First- and second‑floor units are vacant and have recently updated paint and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,762
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,240
$915.2K
Cap Rate 7%
$653,743
$653.7K
Cap Rate 9%
$508,467
$508.5K
Market Conditions
NOI Build-Up for 3,890 SF
Gross rent
$85.4K $21.96/SF
− Vacancy
−$2.2K −$0.57/SF
EGI
$83.2K $21.39/SF
− OpEx
−$37.4K −$9.63/SF
NOI
$45.8K $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%
$915,240
Cap Rate 7%
$653,743
Cap Rate 9%
$508,467
Alternative Uses
Best Use
Multifamily LT 5
$751.2K
$657.3K – $876.4K
NOI $52,584 @ 7.0% cap · market cap 9.56%
Second Best
Apartment 5plus
$653.7K
$572.0K – $762.7K
NOI $45,762 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,987 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
635
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
$267,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Worcester County, MA
Properties on Market for Triplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate gas and electric service serves each apartment, with water included in the rent.
Where is this triplex located?
The property is located at 54 Green Ave Southbridge, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three apartments in a 3,890‑square‑foot building; 0.17‑acre lot with private, flat yard; First- and second‑floor units are vacant and have recently updated paint and flooring
