338 Main St Active Save Request In-Person Tour Request Virtual Tour
Southbridge,MA 01550
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 9,216 sqft
Price per Sqft $212
MLS Listing ID 73406319
Bedrooms 14
Full Baths 13
Half Baths 3
Year Built 1907
Annual Tax Amount $10,844
Tax Year 2025
Lot Size 5,662 Sqft
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Motivated seller - all reasonable offers considered. Prime downtown mixed-use investment property with an 8% cap rate ideal for long term stability. Zoned CC in a designated Opportunity Zone with both capital gain & historic tax credits. Exceptionally maintained, including new roof & furnace. First floor includes two commercial spaces: a new 10-year convenience store lease & an available 539 SF vanilla box. 13 fully occupied market-rate residential units on floors 2 & 3 provide steady income. Adjacent to a free municipal parking lot. Walking distance to local amenities as well as the WRTA bus stop with free fare throughout the entire greater Worcester region! Southbridge supports a stable tenant base with ~18K residents & a median income of ~$34K. Located minutes from I90 & I84 with easy access to Boston & NYC. Don't miss this exceptional opportunity!
Location
State MA
County Worcester
Zoning CC
Interior
Heating Central,Natural Gas
Exterior
Community Features Public Transportation,Shopping,Park,Golf,Medical Facility,Laundromat,Highway Access,Public School
View Y/N Yes
View City View(s)
Roof Type Rubber
Building
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Virtual Tour https://my.matterport.com/show/?m=7EeZp37MjXj