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338 Main St, Southbridge MA 01550

$1,960,000

Estimated $4,081.80/month Calculator

Multi Family

Total Units: 15

Price Per Unit: $130,666.67

Total Rent: 12000/year

Estimated CAP Rate: -3.07%

14 Bedrooms

13 Full, 3 Half Baths

9,216 SqFt

Total Parking: 50

5,663 SqFt

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!

This home has been viewed 40 times

Last Checked: September 27th, 2025 at 4:29am (Source: MLS PIN #73406319)

Gross Income: $12,000

Gross Expenses: $72,254

Net Income Calc: $60,254

CAP Rate: -3.07%

Annual Expenses for 338 Main St, Southbridge MA 01550

Total Gross Expenses (Calculated)$72,254/year

APOD AvailableYes

Heating

Electricity$17,796

Water$4,063

Gas$4,063

Insurance$13,600

Sewer$4,063

Trash Removal$2,640

Repair & Maintenance$9,451

Management

Miscellaneous

Real Estate Tax$10,844

Annual Income & Unit Breakdown for 338 Main St, Southbridge MA 01550

Total Gross Income (Calculated)$12,000

Unit 1

Rental Income$1,000

LeaseY

Bedrooms0

Bathrooms2 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(heat, Gas)

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(heat, Gas)

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingYes

Rent IncludesUnit 1(heat, Gas)

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingYes

Rent IncludesUnit 1(heat, Gas)

General Information for 338 Main St, Southbridge MA 01550

Listing ID73406319

Property TypeMulti Family

Price$1,960,000 ($212.67/SqFt)

Style5+ Family - 5+ Units Up/down

CitySouthbridge

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total9,216 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking50

Garage Parking

Year Built1907

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot Features

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningCC

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 338 Main St, Southbridge MA 01550

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureMeasurements are approximate and need to be verifi

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$79,844

Total Gross Income By Broker$236,316

Total Net Income By Broker$156,471

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 338 Main St, Southbridge MA 01550

Real Estate Taxes$10,844

Tax Year2025

Assessed Value$739,700

Financial Data SourceOwner

Total Gross Expenses By Broker$79,844

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$236,316

BostonRealEstate.com Gross Income

Total Net Income By Broker$156,471

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-3.07%

Location Information for 338 Main St, Southbridge MA 01550

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation

Contact Information for 338 Main St, Southbridge MA 01550

Agent

Name: John Snyder

Office

Name: Redfin Corp.

Phone: 617-340-7803

Payment Calculator

, Interest

Property Taxes 903.67

Principal & Interest 12076.9

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Redfin Corp.

John Snyder

Agent Phone

Office Phone

(617) 340-7803

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[uffi] => Array
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[year_built] => 1907
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)

EXIT

Withdrawn

338 Main St, Southbridge MA 01550

$1,960,000

Annual Expenses for 338 Main St, Southbridge MA 01550

Annual Income & Unit Breakdown for 338 Main St, Southbridge MA 01550

General Information for 338 Main St, Southbridge MA 01550

Disclosures for 338 Main St, Southbridge MA 01550

Financial Information for 338 Main St, Southbridge MA 01550

Location Information for 338 Main St, Southbridge MA 01550

Contact Information for 338 Main St, Southbridge MA 01550

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John Snyder