54 Grace Ln, Southbridge MA 01550

Southbridge, MA 01550
$474,900
Est. $3,031/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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4
Beds
2
Baths
2,055
Sq Ft
$231
Price/Sq Ft
0.38
Acres
1977
Year Built
1
Garage Space
New today
Time on Market
For Sale Open House Listed Nov 5, 2026 • MLS# 73599414 Copied! • Updated Nov 5, 2026

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Open House Schedule

07
Nov
Saturday, November 7
12:00 PM - 1:30 PM EST

About this home

Fresh updates from the inside out give this Southbridge two-family a strong head start for its next owner! Beyond its refreshed appeal, the property offers excellent flexibility for investors looking to expand their portfolio or owner-occupants hoping to offset expenses with rental income. Both units are fully vacant and offer spacious, functional layouts, each featuring 2 bedrooms, 1 full bath, a living room, a kitchen, and a private deck for added outdoor space. The first-floor apartment features a newly updated kitchen showcasing new cabinetry and hardware, along with new wood-style vinyl flooring throughout. Upstairs, the second unit offers its own appeal with sparkling hardwood floors, new kitchen flooring, and a renovated bathroom featuring a brand-new tub and shower, and vanity. New plumbing fixtures carry throughout both apartments, including updated kitchen sinks and faucets. At the lower level, you'll find a partially finished basement that lends itself to recreation, shared gatherings, or additional storage, along with a dedicated laundry area. Outside, the improvements make just as strong an impression, from all-new windows, siding, and exterior doors to refreshed front and back decks. Fresh interior paint adds a crisp feel throughout, while a high-efficiency wall-hung propane boiler, installed in 2018, brings an important mechanical upgrade. Tucked away as the last home on a dead-end road, the setting offers a welcome sense of seclusion in a quiet neighborhood, complemented by a fenced-in backyard that creates a private outdoor retreat. Location adds another layer of rental appeal, placing residents near Southbridge's local shopping, grocery stores, restaurants, and everyday conveniences, with convenient access to Routes 131, 169, and 20 for commuting to Sturbridge, Charlton, and surrounding communities. With both units vacant and so many updates already completed, this is an opportunity to put your investment plans into motion. See the potential for yourself and make this versatile property your next move!

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Recently Sold Nearby

Price & Status History

Market Insights

Property Timeline

👁️
Showing Instructions Updated
Nov 5, 2026
New showing requirements
🏠
Listed for Sale
Nov 5, 2026
$474,900
Original listing
Agent: Jim Black Group Office: Real Broker MA, LLC

Tax History

Year Taxes Assessment
2025 $5,157 $351,800

Financial Details

Annual Property Tax
$5,157
Tax Year 2025
Assessed Value
$351,800

Facts & Features

1 Car Garage

Home Facts

Type Residential Income
Style Multi Family
Year Built 1977
Living Area 2,055 sq ft
Lot Size 0.38 acres
Stories 2
Bedrooms 4
Full Baths 2
Total Rooms 9

Investment Metrics

Units 2
Unit 1 Rent — · N
Unit 2 Rent — · N
Heating Baseboard, Propane
Cooling None
Flooring Vinyl, Carpet, Hardwood
Appliances Washer, Dryer, Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement Full, Partially Finished, Walk-out Access, Interior Entry, Concrete
Laundry Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Features Laundry Room, Storage, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Open Floorplan, Smart Thermostat, Ceiling Fan(s), Living Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features Balcony/deck, Rain Gutters
Pool None
Spa None
Fencing Fenced
Patio/Porch Deck - Wood
Garage Spaces 1
Has Garage Yes
Features Paved Drive, Off Street, Stone/gravel, Paved
Total Spaces 6
Electric Circuit Breakers, 100 Amp Service
Water Private
Sewer Private Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $5,157
Assessed Value $351,800
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures All Measurements Are Approximate, Buyer Agent To Confirm.
Possession None
Accepted Financing None
Structure Type []
House Color Gray
Sq Ft Source Measured
Sq Ft Disclosures Disclosed total living area includes the finished portion of the basement, approx 406 sqft.
Documents None
County Worcester

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1977
Bedrooms
4
Full Bathrooms
2
Living Area
2,055 sq ft
Total Rooms
9
Stories
2
Levels
2

Floor Layout

Interior Features

Flooring: Vinyl, Carpet, Hardwood
Appliances: Washer, Dryer, Range, Dishwasher, Microwave, Refrigerator
Interior Features: Laundry Room, Storage, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Open Floorplan, Smart Thermostat, Ceiling Fan(s), Living Room, Kitchen
Windows: Insulated Windows
Basement: Full, Partially Finished, Walk-Out Access, Interior Entry, Concrete
Laundry: Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Security:

Construction & Materials

Year Built: 1977
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 2

Utilities & Systems

Heating: Baseboard, Propane
Heating Zones: 5
Cooling: None
Hot Water: Propane Gas
Water Source: Private
Sewer: Private Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Balcony/Deck, Rain Gutters
Patio & Porch: Deck - Wood
Fencing: Fenced
Other Structures:
Lot Features: Wooded, Cleared, Gentle Sloping
Road Surface: Unimproved

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 6
Parking Features: Paved Drive, Off Street, Stone/Gravel, 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
1.7 mi
Grades PK-08
Viewpoint Christian Academy
3.6 mi
Grades K-12
Eastford Road School
1.2 mi
368 students Diverse
Grades PK-01
C-
West Street School
1.2 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
D
Charlton Street School
2.3 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
M

Middle Schools

1 school
C
Southbridge Middle School
3.1 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
1.3 mi
22 students Diverse
Grades 06-12
D
Southbridge High School
3.1 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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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $430
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Total principal paid $0
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location

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Neighborhood

54 Grace Ln, Southbridge MA 01550

Southbridge, MA 01550

Listing Information

Listing Agent Jim Black Group
Listing Office Real Broker MA, LLC
Office Phone 508-365-3532
Agent MLS ID TM305063
Office MLS ID AN8443
Listing Data Updated Nov 5, 2026 3:53 PM EST
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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