99 Cross St, Southbridge, MA 01550
Seven-unit multifamily property with strong rental income.
- Added:
- Apr 12, 2026
- Days on Market:
- 62
- Last Refresh:
- Apr 20 at 6:33 pm
Property Features for 99 Cross St
General Information
- Standard status
- Active
- Size
- 6,264 SF
- Property subtype
- 5-9 Family
Building Details
- Year Built
- 1900
Listing agent We Close Deals Team (508) 612-0821
Listing office Lamacchia Realty, Inc. (508) 612-0821
Listing date Apr 12, 2026
Source Lockandkeyre
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 Lamacchia Realty, Inc.
HighLights
- Strong monthly rental income of $11,320.
- Enjoy an 8.5% cap rate at purchase.
- 7‑unit multifamily investment opportunity.
- Balanced mix of 2‑bedroom and 1‑bedroom units.
- Strategic renovations for ease of management and unit turnover.
- Several units recently updated, with room for value‑add improvements.
Overview
Local Financial Insights For Apartment 5plus
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 | $137.6k | $21.96 |
| − Vacancy | −$3.6k | −$0.57 |
| EGI | $134.0k | $21.39 |
| − OpEx | −$60.3k | −$9.63 |
| NOI | $73.7k | $11.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southbridge
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.0391193
- Latitude
- 42.0796308
