Two-Unit Multifamily Residential
98 Cross St Southbridge, MA 01550
For Sale
$430,000
Two-unit duplex with 2BR/1BA units, one scheduled to become vacant after June 1.
Property Size1,450 SF
Price / SF$296.55
Days on Market75
Property Features for 98 Cross St
General Information
- Standard status
- Active
- Size
- 1,450 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1940
Listing Agency:
Real Broker MA, LLC
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 14
Changed: Jul 24
Last Checked: Jul 27 at 2:39AM
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 Real Broker MA, LLC
Investment Insights
Based on property information with market context.
This two-unit multifamily duplex features two 2-bedroom, 1-bath apartments. Both units are currently occupied, with one unit scheduled to become vacant after June 1, creating flexibility for either an owner-occupant or an investor. Recent capital improvements include a new electric stove installed in March 2025 and a water heater replacement completed in February 2026. Exterior porches were freshly painted within the last two years.
The property is located at 98 Cross St in Southbridge, Massachusetts. As with any investment or ownership opportunity, prospective buyers should perform their own due diligence regarding current income, expenses, and future leasing considerations.
The property is located at 98 Cross St in Southbridge, Massachusetts. As with any investment or ownership opportunity, prospective buyers should perform their own due diligence regarding current income, expenses, and future leasing considerations.
Key Highlights
- Solid 2‑unit multifamily duplex in Southbridge built in 1940
- Both units currently occupied; one unit scheduled to become vacant after June 1
- Each unit is a 2BR/1BA (proven 2BR/1BA rental configuration)
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 | $28.7k | $19.80 |
| − Vacancy | −$709 | −$0.49 |
| EGI | $28.0k | $19.31 |
| − OpEx | −$8.4k | −$5.79 |
| NOI | $19.6k | $13.52 |
1,450 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.0K
$245.0K – $326.7K
NOI $19,601 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$243.7K
$213.2K – $284.3K
NOI $17,058 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$495.2K
$433.3K – $577.7K
NOI $34,661 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with 2BR/1BA units, one scheduled to become vacant after June 1.
Where is this duplex located?
The property is located at 98 Cross St Southbridge, MA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Solid 2‑unit multifamily duplex in Southbridge built in 1940; Both units currently occupied; one unit scheduled to become vacant after June 1; Each unit is a 2BR/1BA (proven 2BR/1BA rental configuration)
