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308 South St., Southbridge MA 01550

$479,900

Estimated $1,227/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $239,950

Total Rent: 18000/year

Estimated CAP Rate:

4 Bedrooms

Baths

2534

Total Parking: 3

104,544 (2.40)

Spacious and versatile 2-family home set on 2.4 acres, offering incredible potential for both owner-occupants and investors. The first-floor unit features 2 bedrooms and 1.5 bathrooms and is fully handicap accessible with ramp access and an updated accessible bathroom. The second floor offers 2 bedrooms and 1 full bath with an open and expansive layout. Both units are oversized with flexible, open-concept living spaces. The third floor is currently set up as a studio-style “landlord quarters,” offering additional living space or potential for expanded use. Property is currently classified as a two-family. Buyers to perform their own due diligence regarding potential conversion to a 3-family and/or the addition of accessory dwelling units (ADUs) with the town. Situated on a generous 2.4-acre lot with ample parking and room for expansion. Unique opportunity with strong income and future development potential. First showings will be at the open house Saturday, May 2 from 11-1!

This home has been viewed 2 times

Last Checked: May 4th, 2026 at 7:43am (Source: MLS PIN #73500834)

Gross Income: $18,000

Gross Expenses: $5,383

Net Income Calc: $12,617

Annual Expenses for 308 South St., Southbridge MA 01550

Total Gross Expenses (Calculated)$5,383/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5383.15

Annual Income & Unit Breakdown for 308 South St., Southbridge MA 01550

Total Gross Income (Calculated)$18,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 308 South St., Southbridge MA 01550

Listing ID73500834

Property TypeMulti Family / 2 Family

Price479900 ($189.38/SqFt)

Style2 Family - 2 Units Up/down

CitySouthbridge

CountyWorcester

Neighborhood(s)

Approximate Living Area Total2534

Approximate Lot Size (Acres)2.4

Total Parking3

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features1

Outdoor SpaceCovered

Zoning1040

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 308 South St., Southbridge MA 01550

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSheds

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 308 South St., Southbridge MA 01550

Real Estate Taxes5383.15

Tax Year2025

Assessed Value$367,200

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 308 South St., Southbridge MA 01550

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 308 South St., Southbridge MA 01550

Agent

Name: Alexandria Beane

Office

Name: Red Door Realty

Phone: 888-255-8575

Team Members

Payment Calculator

, Interest

Property Taxes 448.6

Principal & Interest 2956.99

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Red Door Realty

Alexandria Beane

Agent Phone

Office Phone

(888) 255-8575

Text Agent Call Agent Call Office

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EXIT

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