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Active

238 Pleasant St, Southbridge MA 01550

$499,900

Estimated $1,273/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $166,633.33

Total Rent: 58200/year

Estimated CAP Rate:

7 Bedrooms

Baths

3582

Total Parking: 5

13,504 (0.31)

Fantastic opportunity to buy a fully rented three-family property in Southbridge! Conveniently located on a grassy corner lot, this property offers a desirable unit mix with a one-bedroom, one-bath unit on the first floor and spacious three-bedroom, one-bath units on the second and third floors. Since the current owners purchased the property, several updates have been completed, including exterior paint, updated windows, bathroom and improvements to the decks. The generously sized bedrooms and outdoor space add to the property's appeal, with plenty of room to enjoy the outdoors and decks offering additional space for relaxing. All units are currently occupied, with tenants on month-to-month agreements, providing flexibility for the next owner. Don't miss this opportunity to own a fully rented multi-family property with updates already completed!

This home has been viewed 4 times

Last Checked: October 20th, 2026 at 8:03pm (Source: MLS PIN #73592823)

Gross Income: $58,200

Gross Expenses: $5,693

Net Income Calc: $52,507

Annual Expenses for 238 Pleasant St, Southbridge MA 01550

Total Gross Expenses (Calculated)$5,693/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5543

Annual Income & Unit Breakdown for 238 Pleasant St, Southbridge MA 01550

Total Gross Income (Calculated)$58,200

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 238 Pleasant St, Southbridge MA 01550

Listing ID73592823

Property TypeMulti Family / 3 Family

Price499900 ($139.56/SqFt)

Style3 Family

CitySouthbridge

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3582

Approximate Lot Size (Acres)0.31

Total Parking5

Garage Parking0

Year Built1915

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Area1244

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 238 Pleasant St, Southbridge MA 01550

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWine Refrigerator

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 238 Pleasant St, Southbridge MA 01550

Real Estate Taxes5543

Tax Year2025

Assessed Value$378,100

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 238 Pleasant St, Southbridge MA 01550

Neighborhood(s)

Area Amenities

Contact Information for 238 Pleasant St, Southbridge MA 01550

Agent

Name: Paul Hernandez

Office

Name: Five Stars Realty LLC

Phone: 860-560-1500

Team Members

Payment Calculator

, Interest

Property Taxes 461.92

Principal & Interest 3080.22

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Five Stars Realty LLC

Paul Hernandez

Agent Phone

Office Phone

(860) 560-1500

Text Agent Call Agent Call Office

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EXIT

9 More Photos

Active

238 Pleasant St, Southbridge MA 01550

$499,900

Annual Expenses for 238 Pleasant St, Southbridge MA 01550

Annual Income & Unit Breakdown for 238 Pleasant St, Southbridge MA 01550

General Information for 238 Pleasant St, Southbridge MA 01550

Disclosures for 238 Pleasant St, Southbridge MA 01550

Financial Information for 238 Pleasant St, Southbridge MA 01550

Location Information for 238 Pleasant St, Southbridge MA 01550

Contact Information for 238 Pleasant St, Southbridge MA 01550

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Five Stars Realty LLC

Paul Hernandez