142 Hamilton St, Southbridge MA 01550
Southbridge, MA 01550
$1,375,000
Est. $8,597/month
About this home
Exceptional multi-use investment opportunity featuring a balanced mix of residential and commercial space. MONTHLY RENTAL INCOME WILL INCREASE TO $14,550 AS OF 6/1. This income-producing property offers 9 residential units, a street-level barbershop, dedicated office space, and garage/storage areas, providing multiple revenue streams. Several residential units have been recently updated, enhancing tenant appeal while leaving room for value-add improvements. The property also includes on-site coin-op laundry and off-street parking, desirable amenities for both residential and commercial tenants. Located near the Connecticut border with convenient access to Routes 90, 20, 84, and 395, supporting strong tenant demand and long-term upside.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Pending Sale
May 19, 2026
Offer accepted, sale pending
Listed for Sale
May 9, 2026
$1,375,000
Original listing
Agent: Erika Ramsland
Office: Byrnes Real Estate Group LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/19/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 05/09/2026 | 🏠 Listed for Sale | $1,375,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $17,336 | $1,164,300 |
Financial Details
Annual Property Tax
$17,336
Tax Year 2025
Assessed Value
$1,164,300
Facts & Features
4 Car Garage
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1900
Living Area
21,858 sq ft
Lot Size
0.85 acres
Bedrooms
15
Full Baths
11
Half Baths
1
Total Rooms
36
Investment Metrics
Units
12
Unit 1 Rent
$1,000/mo · Y
Unit 2 Rent
$1,000/mo · Y
Unit 3 Rent
$1,200/mo · Y
Unit 4 Rent
$2,000/mo · Y
Total Monthly Rent
$5,200/mo
Gross Income
$173,400
Net Operating Income
$138,398
Operating Expenses
$35,002
Insurance Expense
$12,500
Cap Rate
10.07%
Interior
Heating
Natural Gas
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Fireplaces
1
Basement
Full, Walk-out Access, Interior Entry
Laundry
Electric Dryer Hookup, Washer Hookup
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Garage Spaces
4
Has Garage
Yes
Features
Paved Drive, Off Street, Paved
Total Spaces
34
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$17,336
Assessed Value
$1,164,300
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
2 Parcels, Containing 4 Buildings, Being Sold As 1. Street Addresses 140-142 & 148-152 Hamilton St Included In Sale. Monthly Rental Income Will Increase To $14, 550 As Of 6/1. Potential To Add An Additional Unit On Top Floor Of #152. Exterior Photos Virtually Enhanced.
Exclusions
Tenants Personal Belongings
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Other
Sq Ft Disclosures
Living Area is approximate
Documents
None
County
Worcester
Total market time (incl. prior listings)
10 days
Property Overview
Property Type
5-9 Family
Listing Type
Sale Pending
Year Built
1900
Bedrooms
15
Full Bathrooms
11
Half Bathrooms
1
Living Area
21,858 sq ft
Total Rooms
36
Stories
6
Levels
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
21,858 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Full, Walk-Out Access, Interior Entry
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
6
Heating, Cooling & Utilities
Heating:
Natural Gas
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Gentle Sloping
Road Surface:
Parking & Garage
Garage Spaces:
4
Total Parking Spaces:
34
Parking Features:
Paved Drive, Off Street, Paved
Special Features
Fireplaces:
1
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Park, Medical Facility, Laundromat, House of Worship, Public School
Nearby Schools
School District
Southbridge School District local
F
School Safety
2024-25
6.0%
Above Average
6.0%
Suspensions
6.0%
In-School
0.5% above state avg
Elementary Schools
5 schools
Trinity Catholic Academy
0.2 mi
Grades PK-08
Viewpoint Christian Academy
1.9 mi
Grades K-12
D
Charlton Street School
0.6 mi
|
#782 of 824
|
Score: 30.2
Improved 50 spots from last year
-28 below state avg
288 students
Diverse
Rising School
Grades PK-05
Eastford Road School
0.8 mi
397 students
Moderate
Grades PK-01
C-
West Street School
0.9 mi
|
#724 of 824
|
Score: 34.0
Improved 18 spots from last year
-24.2 below state avg
323 students
Moderate
Grades 01-05
Middle Schools
1 school
C
Southbridge Middle School
1.5 mi
|
#282 of 352
|
Score: 33.3
Improved 1 spots from last year
-24.9 below state avg
380 students
Diverse
Grades 06-08
High Schools
2 schools
Southbridge Academy
0.4 mi
21 students
Diverse
Grades 06-12
C-
Southbridge High School
1.5 mi
|
#310 of 346
|
Score: 35.8
Improved 22 spots from last year
-22.5 below state avg
419 students
Moderate
12 sports
• 498 athletes
Early College Program
Rising School
College Ready Curriculum
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$1,445
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
142 Hamilton St, Southbridge MA 01550
Southbridge, MA 01550
Listing Information
Listing Agent
Erika Ramsland
Listing Office
Byrnes Real Estate Group LLC
Office Phone
833-429-7637
Agent MLS ID
CN242827
Office MLS ID
AN7224
Listing Data Updated
Jul 26, 2026 1:12 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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