Renovated Two-Family
7 Pearl Street Southbridge, MA 01550
7 Pearl Street, Southbridge, MA, 01550
$499,000
For Sale
$499,000
Turnkey renovated two-family home on a corner lot with river frontage and flood-zone considerations.
Property Size1,850 SF
Price / SF$269.73
Days on Market90
Property Features for 7 Pearl Street
General Information
- Standard status
- Active
- Size
- 1,850 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1940
Listing agency
Walter Aldrich Realty
(508) 450-0620
Listed by
Walter Aldrich · License #9507666
(508) 450-0620
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 20 at 11:44PM Checked: Jul 20 at 11:44PM
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 Walter Aldrich Realty
Investment Insights
Based on property information with market context.
This renovated two-family residence offers a practical, turnkey setup with modern updates throughout. The property is situated on a spacious corner lot on a peaceful dead-end street, with a river running along the property. In addition to the existing home, the lot was previously subdivided; the second structure has been removed, and the remaining land is stated to be buildable, subject to buyer verification.
The Flood Zone note indicates flood insurance may be required, and buyers are advised to confirm requirements as part of their due diligence. Prospective purchasers should also verify zoning and permitting with the town regarding any intended development, expansion, or new construction.
For buyers evaluating a residential income property or a home with flexible options, this asset combines renovated living space with a lot configuration that may support future plans, pending local approvals.
The Flood Zone note indicates flood insurance may be required, and buyers are advised to confirm requirements as part of their due diligence. Prospective purchasers should also verify zoning and permitting with the town regarding any intended development, expansion, or new construction.
For buyers evaluating a residential income property or a home with flexible options, this asset combines renovated living space with a lot configuration that may support future plans, pending local approvals.
Key Highlights
- Renovated two‑family home built in 1940 on a peaceful dead‑end street
- Corner lot with a river running along the property
- Second structure removed from a previously subdivided lot; lot remains buildable
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 | $36.6k | $19.80 |
| − Vacancy | −$905 | −$0.49 |
| EGI | $35.7k | $19.31 |
| − OpEx | −$10.7k | −$5.79 |
| NOI | $25.0k | $13.52 |
1,850 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.3K
$312.6K – $416.8K
NOI $25,008 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$310.9K
$272.0K – $362.7K
NOI $21,763 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$631.7K
$552.8K – $737.0K
NOI $44,222 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey renovated two-family home on a corner lot with river frontage and flood-zone considerations.
Where is this duplex located?
The property is located at 7 Pearl Street Southbridge, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Renovated two‑family home built in 1940 on a peaceful dead‑end street; Corner lot with a river running along the property; Second structure removed from a previously subdivided lot; lot remains buildable
