Two-Building Five-Unit Apartment
664 Main St, Southbridge, MA 01550
For Sale
New
$825,000
The five residences include a one-bedroom house and a separate apartment building with varied two- and three-bedroom layouts.
Property Size4,690 SF
Price / SF$175.91
Days on Market6
Property Features for 664 Main St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Gross Income
Road Access
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Northeast Private Client Group
(857) 990-6800
Listed By:
Patrick Wheeler · License #9552789
(978) 935-8527
Source:
Bostoniaproperties
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 3:43PM
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 Northeast Private Client Group
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Investment Insights
Based on property information with market context.
Two residential buildings on one lot contain five units in total: a one-bedroom single-family home and a four-unit building with two- and three-bedroom apartments. Most units have undergone renovation. The property has 4,690 square feet and was built in 1900.
Located at 664 Main St in Southbridge, the property is zoned R3.
Located at 664 Main St in Southbridge, the property is zoned R3.
Key Highlights
- Five units across two residential buildings on one lot
- 4,690 square feet
- One‑bedroom single‑family home plus four apartments with two- and three‑bedroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,173
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,460
$1.1M
Cap Rate 7%
$788,186
$788.2K
Cap Rate 9%
$613,033
$613.0K
Market Conditions
NOI Build-Up for 4,690 SF
Gross rent
$103.0K $21.96/SF
− Vacancy
−$2.7K −$0.57/SF
EGI
$100.3K $21.39/SF
− OpEx
−$45.1K −$9.63/SF
NOI
$55.2K $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%
$1,103,460
Cap Rate 7%
$788,186
Cap Rate 9%
$613,033
Alternative Uses
Best Use
Apartment 5plus
$788.2K
$689.7K – $919.6K
NOI $55,173 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,110 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
826
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 Apartment buildings in Worcester County, MA
Properties on Market for Apartment buildings in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The five residences include a one-bedroom house and a separate apartment building with varied two- and three-bedroom layouts.
Where is this apartment building located?
The property is located at 664 Main St Southbridge, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Five units across two residential buildings on one lot; 4,690 square feet; One‑bedroom single‑family home plus four apartments with two- and three‑bedroom layouts
