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For sale
  • $1,960,000

    338 Main St, Southbridge, MA 01550

    14beds
    9,216sqft
    : 
    5+ Family - 5+ Units Up/Down
    Built in 1907
    -- sqft lot
    $1,893,900 Zestimate®
    $213/sqft
    $-- HOA

    What's special

    New roof
    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!
    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

    We'll find a local expert to take you on a private tour of 338 Main St.

    Next available tour time:Today at 5pm

    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

    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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