48-62 Central Street, Southbridge MA 01550

Southbridge, MA 01550
$1,100,000
Est. $7,102/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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16
Beds
8
Baths
11,714
Sq Ft
$94
Price/Sq Ft
0.32
Acres
1938
Year Built
12
Parking
14
Days on Market
Sale Pending Listed Aug 5, 2026 • MLS# 73559742 Copied! • Updated Aug 20, 2026

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About this home

This 10-unit mixed use deal located right in downtown Southbridge includes four well-maintained adjacent buildings. It includes two (2) Commercial units, two (2) 3-Bedroom/1-Bathroom units, four (4) 2-Bedroom/1-Bathroom units, and two (2) Studio units with 11,714 square feet of gross living area in 19,307 square feet of gross area. All units are currently occupied. The Property is situated upon a 0.32-acre parcel and features ample off-street parking for residential tenants. The majority of tenants are TAW and below market offering immediate upside. Tenants are responsible for a mix of gas & electric powered heat and separately metered electricity. The Landlord is just responsible for hot water at 48-52 Central. 48–62 Central Street is well-positioned in downtown Southbridge, offering strong access to the town’s central business district, local retail corridors, and surrounding residential neighborhoods. Priced at an 8.4 cap rate.

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Recently Sold Nearby

Price & Status History

Market Insights

Property Timeline

⏳
Pending Sale
Aug 20, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Aug 5, 2026
$1,100,000
Original listing
Agent: Ethan Lazar Office: Horvath & Tremblay

Tax History

Year Taxes Assessment
2026 $16,082 $1,097,000

Financial Details

Annual Property Tax
$16,082
Tax Year 2026
Assessed Value
$1,097,000

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Side by Side
Year Built 1938
Living Area 11,714 sq ft
Lot Size 0.32 acres
Stories 5
Bedrooms 16
Full Baths 8
Total Rooms 32

Investment Metrics

Units 10
Unit 1 Rent $1,000/mo · N
Unit 2 Rent $1,400/mo · N
Unit 3 Rent $1,400/mo · N
Unit 4 Rent $1,000/mo · N
Total Monthly Rent $4,800/mo
Gross Income $167,280
Net Operating Income $92,378
Operating Expenses $74,902
Water/Sewer Expense $9,804
Electric Expense $1,100
Insurance Expense $18,000
Cap Rate 8.40%
Heating Natural Gas, Electric
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Unfinished
Laundry None
Features None
Construction See Remarks
Architecture None
Roof Shingle, Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive, Off Street, Paved
Total Spaces 12
Electric Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $16,082
Assessed Value $1,097,000
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures The Property has 8 Residential units and 2 Commercial units.
Documents None
County Worcester
Total market time (incl. prior listings) 15 days

Property Overview

Property Type
5+ Family - 5+ Units Side by Side
Listing Type
Sale Pending
Year Built
1938
Bedrooms
16
Full Bathrooms
8
Living Area
11,714 sq ft
Total Rooms
32
Stories
5
Levels
5

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1938
Structure Type:
Exterior Materials: See Remarks
Roof: Shingle, Rubber
Foundation: Other
Stories: 5

Utilities & Systems

Heating: Natural Gas, Electric
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level, Other
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 12
Parking Features: Paved Drive, Off Street, Paved
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
E

Elementary Schools

5 schools
Trinity Catholic Academy
0.4 mi
Grades PK-08
Viewpoint Christian Academy
2.0 mi
Grades K-12
Eastford Road School
0.6 mi
368 students Diverse
Grades PK-01
D
Charlton Street School
0.6 mi | #772 of 825 | Score: 30.9
Improved 60 spots from last year
-27.3 below state avg
259 students Diverse
Rising School
Grades PK-05
C-
West Street School
1.0 mi | #719 of 825 | Score: 34.5
Improved 23 spots from last year
-23.7 below state avg
324 students Moderate
Rising School
Grades 01-05
M

Middle Schools

1 school
C
Southbridge Middle School
1.4 mi | #283 of 352 | Score: 33.2
Same rank as last year
-25 below state avg
398 students Diverse
Grades 06-08
H

High Schools

2 schools
Southbridge Academy
0.4 mi
22 students Diverse
Grades 06-12
D
Southbridge High School
1.4 mi | #316 of 346 | Score: 35.1
Improved 16 spots from last year
-23.1 below state avg
404 students Moderate
12 sports • 498 athletes
Early College Program 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 $0
Property Tax $1,340
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Payment Over Time

Interest
Principal
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

48-62 Central Street, Southbridge MA 01550

Southbridge, MA 01550

Listing Information

Listing Agent Ethan Lazar
Listing Office Horvath & Tremblay
Office Phone 781-776-4000
Agent MLS ID CN252872
Office MLS ID AN2723
Listing Data Updated Aug 20, 2026 10:24 AM 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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