Four-Unit Multifamily
For Sale
$579,000
Pending
6 Hill St, Southbridge, MA 01550
The four-family residence is marketed only in a joint sale with an adjoining multifamily property that shares its parking area.
Property Size3,260 SF
Days on Market9
Property Features for 6 Hill St
General Information
Standard status
Pending
Size
3,260 SF
Property subtype
4 Family - 4 Units Up/Down
Additional Details
Multifamily Units
8
Building Details
Building Size
3,260 SF
Year Built
1900
Buildings
2
Listing Agency:
Settlers Realty Group, LLC
(508) 304-2739
Listed By:
Sergio Froes Oliveira · License #9557598
(508) 371-7469
Source:
Iverty
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 5 at 6:24PM
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 Settlers Realty Group, LLC
Investment Insights
Based on property information with market context.
This four-family property contains 3,260 square feet and dates to 1900. Its parking area is shared with an adjoining multifamily property.
The two properties are offered as a single package and cannot be acquired separately.
The two properties are offered as a single package and cannot be acquired separately.
Key Highlights
- Four residential units
- 3,260 square feet
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,068
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,360
$881.4K
Cap Rate 7%
$629,543
$629.5K
Cap Rate 9%
$489,644
$489.6K
Market Conditions
NOI Build-Up for 3,260 SF
Gross rent
$64.5K $19.80/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$63.0K $19.31/SF
− OpEx
−$18.9K −$5.79/SF
NOI
$44.1K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,360
Cap Rate 7%
$629,543
Cap Rate 9%
$489,644
Alternative Uses
Best Use
Multifamily LT 5
$629.5K
$550.9K – $734.5K
NOI $44,068 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$547.9K
$479.4K – $639.2K
NOI $38,351 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.11M
$974.1K – $1.30M
NOI $77,927 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
894
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
Check the figures for this property
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?
Quadplex - The four-family residence is marketed only in a joint sale with an adjoining multifamily property that shares its parking area.
Where is this quadplex located?
The property is located at 6 Hill St Southbridge, MA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Four residential units; 3,260 square feet; Built in 1900
