56 Water Street, Southbridge MA 01550
Southbridge, MA 01550 • Westville
$474,900
Est. $3,101/month
Track this home for price, status, and open-house alerts.
Open House Schedule
13
Sep
Sunday, September 13
11:00 AM - 1:00 PM EDT
About this home
Welcome to 56 Water Street in Southbridge—an excellent investment opportunity featuring a well-maintained three-family property with three bedrooms and one bathroom in each unit. Each approximately 1,150 sq. ft. unit offers a similar layout with a kitchen, living room, three bedrooms, bathroom, and an enclosed porch with upgraded oversized windows providing abundant natural light. The property also offers ample off-street parking and a detached two-bay garage. Centrally located with convenient access to schools, shopping, and the hospital, while benefiting from town services. Additionally, the basement includes a bonus approximately 650 sq. ft. studio apartment with a full bathroom, offering potential for additional living space or income. All three main units are currently fully rented and occupied, and the existing tenants have expressed a desire to continue their occupancy. This multifamily property features coin-operated laundry in a common area off the first-floor porch generating income-this revenue has been included in the pro forma.The basement studio and all property details, including use, zoning, permits, and square footage, should be independently verified by the buyer and buyer’s agent.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 8, 2026
$474,900
Original listing
Agent: Robert Bissonnette
Office: Excelsior Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/08/2026 | 🏠 Listed for Sale | $474,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $5,990 | $408,600 |
Financial Details
Annual Property Tax
$5,990
Tax Year 2025
Assessed Value
$408,600
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1900
Living Area
3,414 sq ft
Lot Size
0.16 acres
Stories
3
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$1,450/mo · N
Unit 2 Rent
$1,700/mo · Y
Unit 3 Rent
$1,250/mo · N
Total Monthly Rent
$4,400/mo
Gross Income
$54,600
Net Operating Income
$40,400
Operating Expenses
$14,200
Water/Sewer Expense
$3,600
Electric Expense
$1,200
Insurance Expense
$2,800
Cap Rate
8.51%
Interior
Heating
Baseboard, Natural Gas, Individual, Space Heater
Cooling
Window Unit(s)
Flooring
Wood, Vinyl, Varies, Laminate
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Partially Finished, Bulkhead, Concrete
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Storage, Living Room, Kitchen
Exterior
Construction
Frame, Stone
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Covered
Parking
Garage Spaces
2
Has Garage
Yes
Features
Off Street
Total Spaces
9
Utilities
Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup, Varies Per Unit
Financial
Annual Tax
$5,990
Assessed Value
$408,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
All Information Is Deemed Reliable But Is Not Guaranteed And Should Be Independently Verified By The Buyer And Buyer’s Agent. Buyer And Buyer’s Agent Are Responsible For Confirming All Property Details, Measurements, Zoning, Permits, And Other Relevant Information.
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
GREY
Sq Ft Source
Public Record
Sq Ft Disclosures
There is potential for a fourth unit in the basement, which is approximately 80% complete. See agent
Documents
None
County
Worcester
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
9
Full Bathrooms
3
Living Area
3,414 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,413 sq ft above grade
0 sq ft below grade
Display Options
Outdoor Areas
Patio & porchCovered
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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:
Wood, Vinyl, Varies, Laminate
Appliances:
Range, Refrigerator
Interior Features:
Storage, Living Room, Kitchen
Windows:
Insulated Windows
Basement:
Full, Partially Finished, Bulkhead, Concrete
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame, Stone
Roof:
Shingle
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas, Individual, Space Heater
Heating Zones:
2
Cooling:
Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Covered
Fencing:
Other Structures:
Lot Features:
Level
Road Frontage:
100.00 ft
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
9
Parking Features:
Off Street
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$499
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
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
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
Loading map...
Neighborhood
Westville
56 Water Street, Southbridge MA 01550
Southbridge, MA 01550
Listing Information
Listing Agent
Robert Bissonnette
Listing Office
Excelsior Realty
Office Phone
508-736-2735
Agent MLS ID
CN227186
Office MLS ID
AN6125
Listing Data Updated
Sep 8, 2026 11:15 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Southbridge.