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!
For sale
$1,960,000
338 Main St, Southbridge, MA 01550
14beds
9,216sqft
Est.:
5+ Family - 5+ Units Up/Down
Built in 1907
-- sqft lot
$1,893,900 Zestimate®
$213/sqft
$-- HOA
What's special
New roof
- 22 days
- on Zillow |
- 381 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 08:26pm
Listed by:
John Snyder,
Redfin Corp.
Source: MLS PIN,MLS#: 73406319
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 16
- Full bathrooms: 13
- 1/2 bathrooms: 3
Heating
- Central, Natural Gas
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 9,216
- Total interior livable area: 9,216 sqft
- Finished area above ground: 9,216
Video & virtual tour
Property
Parking
- Total spaces: 50
- Parking features: Other
Features
- Has view: Yes
- View description: City View(s)
Lot
- Size: 5,663 Square Feet
Details
- Parcel number: M:0035 B:0036 L:00001,3977864
- Zoning: CC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Rubber
Condition
- Year built: 1907
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Highway Access, Public School
Location
- Region: Southbridge
Financial & listing details
- Price per square foot: $213/sqft
- Tax assessed value: $739,700
- Annual tax amount: $10,844
- Date on market: 7/18/2025
- Total actual rent: 19693
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