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You are here:
Home Massachusetts Southbridge Multi-Family Homes for Sale

128 & 128 1/2 Elm St Southbridge, MA 01550

$672,000
5 Unit
11 Beds
5 Baths
4022 SQFT
0.12 Acre
128 & 128 1/2 Elm St
Southbridge, MA 01550

Property Description

Opportunity knocks with this centrally located property consisting of two separate buildings. The front building consists of three units: one 1-bedroom unit, one 2-bedroom unit, and one townhouse style 2-bedroom unit. The rear building consists of two 3-bedroom units, each has laundry hookups inside the unit and ground level secured storage for convenience. Both buildings have large basements with concrete floors for additional storage as well as fully accessible attics. Four out of five units currently occupied by long term strong, reliable tenants, offering excellent cash flow from day one. Investors will appreciate the rental income, while an owner-occupant could live affordably with tenants off-setting majority of mortgage. Plenty off street parking and 420 sq foot detached garage. High income-producing, solid addition to any portfolio! Agent has ownership interest in the property. Multifamily portfolio for sale in Southbridge, see also: #73452418, #73452471, #73452451, #73452461.

Property Overview

Building Information

  • Total Units: 5
  • Total Floors: 6
  • Total Bedrooms: 11
  • Total Full Baths: 5
  • Amenities: Bike Path, Conservation Area, Golf Course, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living Room, Mudroom
  • Common Interior Features: Bathroom With Tub, Ceiling Fans, Pantry, Storage
  • Common Appliances: Range, Refrigerator, Vent Hood, Washer & Dryer Hookup
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 75600
  • Gross Expenses: 9655
  • GSE: 316
  • Electric Expenses: 436
  • Water/Sewer: 2282
  • INSC: 4781
  • RFS: 1840
  • Net Operating Income: 65945

Utilities

  • Heat Zones: 5
  • Electric Info: 100 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Water: City/Town Water, Individual Meter, On-Site, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: None
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: None
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 4 Description

  • Included in Rent: None
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber, Shingle, Slate
  • Flooring Type: Hardwood, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73452427
  • Last Updated: 11/10/25
  • Terms: Contract for Deed, Rent w/Option

Date Event Price Price/Sq Ft Source
11/10/2025Active$672,000$167MLSPIN
11/06/2025New$672,000$167MLSPIN
10/25/2025Expired$674,900$175MLSPIN
08/12/2025Active$674,900$175MLSPIN
08/08/2025Back on Market$674,900$175MLSPIN
07/28/2025Contingent$674,900$175MLSPIN
06/30/2025Active$674,900$175MLSPIN
06/26/2025New$674,900$175MLSPIN

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Map & Resources

Southbridge Academy

Public Secondary School, Grades: 6-12

0.33mi

Eastford Road School

Public Elementary School, Grades: PK-1

0.38mi

Joan of Arc School

School

0.53mi

Trinity Catholic Academy

Private School, Grades: PK-8

0.61mi

Trinity Catholic Academy

Grades: PK-8

0.61mi

West Street School

Public Elementary School, Grades: 1-5

0.88mi

Charlton Street School

Public Elementary School, Grades: PK-5

0.92mi

May Garden Restaurant

Chinese Restaurant

0.96mi

Great Oak Pizza

Pizzeria

0.96mi

Southbridge Fire Department

Fire Station

0.14mi

Harrington Hospital

Hospital

0.48mi

Southbridge Police Dept

Local Police

0.47mi

Ideal Pools Inc.

Swimming Pool

1mi

Anytime Fitness

Fitness Centre

1.29mi

Upper Chapin Street Historic District

Park

0.11mi

Windsor Court Historic District

Park

0.44mi

Southbridge Town Common

Park

0.45mi

Joe Capillo Park

Park

0.5mi

Central Mills Historic District

Park

0.52mi

Glover Street Historic District

Park

0.56mi

Henry Street Field

Municipal Park

0.6mi

High School Street Historic District

Park

0.66mi

Cohasse Country Club

Golf Course

0.67mi

Santander

Bank

0.18mi

Southbridge Credit Union

Bank

0.19mi

Great Clips

Hairdresser

1.29mi

Cumberland Farms

Gas Station

0.26mi

Mini Mart

Gas Station

0.42mi

Gulf

Gas Station

1.3mi

Jacob Edwards Library

Library

0.22mi

Jacob Edwards Library

Library

0.23mi

CVS Pharmacy

Pharmacy

0.27mi

Big Bunny Market

Supermarket

0.99mi

Big Y

Supermarket

1.37mi

Cumberland Farms

Convenience

0.25mi

Mini Mart

Convenience

0.41mi

Dollar Tree

Variety Store

0.51mi

Family Dollar

Variety Store

1.3mi

Seller's Representative: Erivaldo Silveira, Voro MA LLC
MLS ID#: 73452427

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-11-10 03:05:00