48-62 Central Street, Southbridge MA 01550
Southbridge, MA 01550
$1,100,000
Est. $7,102/month
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
Property History
Property Timeline
Listed for Sale
Aug 5, 2026
$1,100,000
Original listing
Agent: Ethan Lazar
Office: Horvath & Tremblay
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/05/2026 | 🏠 Listed for Sale | $1,100,000 | - | - | Original listing |
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
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%
Interior
Heating
Natural Gas, Electric
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
See Remarks
Architecture
None
Roof
Shingle, Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
12
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$16,082
Assessed Value
$1,097,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
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
Property Overview
Property Type
5+ Family - 5+ Units Side by Side
Listing Type
For Sale
Year Built
1938
Bedrooms
16
Full Bathrooms
8
Living Area
11,714 sq ft
Total Rooms
32
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
11,714 sq ft above grade
Display Options
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:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1938
Structure Type:
Exterior Materials:
See Remarks
Roof:
Shingle, Rubber
Foundation:
Other
Stories:
5
Heating, Cooling & Utilities
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
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
0.4 mi
Grades PK-08
Viewpoint Christian Academy
2.0 mi
Grades K-12
Eastford Road School
0.6 mi
397 students
Moderate
Grades PK-01
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
C-
West Street School
1.0 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
1.4 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
1.4 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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Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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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
-0.5% Rate
$0/mo
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Current Rate
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+0.5% Rate
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Cost $0/mo
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
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 5, 2026 4:27 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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