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573 Main Street, Southbridge MA 01550

Southbridge, MA 01550
$1,050,000
Est. $6,296/month
21
Beds
7
Baths
7,752
Sq Ft
$135
Price/Sq Ft
0.13
Acres
1915
Year Built
5-9 Family
Type
8 hours 30 minutes
Time on Market
Active Listed Apr 13, 2026 • MLS# 73500796 Copied!

About this home

7-unit multifamily investment opportunity featuring a mix of spacious 2- and 3-bedroom units across four levels, totaling over 7,700 sq ft of living area. Current rents are below market with two vacant units, providing immediate opportunity for lease-up and income growth. Property offers off-street parking, separate living layouts, and consistent rental demand in the area. Currently two vacant units, potentially being filled soon* Select units have been updated, and the building has been maintained over time. Tenants are responsible for their own utilities. Ideal for investors seeking in-place income with the ability to increase cash flow through rent optimization and stabilization. Financials reflect current rent roll only; buyer to perform due diligence.

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Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1915
Bedrooms
21
Full Bathrooms
7
Living Area
7,752 sq ft
Total Rooms
21
Stories
5
Levels
5

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1915
Living Area 7,752 sq ft
Lot Size 0.13 acres
Bedrooms 21
Full Baths 7
Total Rooms 21

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Dirt Floor, Unfinished
Laundry None
Features None

Exterior

Construction Frame, See Remarks
Architecture None
Roof Rubber, Other
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street, Paved, Other
Total Spaces 6

Utilities

Electric Other (see Remarks)
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, For Gas Oven, For Electric Oven

Financial

Annual Tax $9,442
Assessed Value $697,300

Interior Features

Flooring:
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: Dirt Floor, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1915
Structure Type:
Exterior Materials: Frame, See Remarks
Roof: Rubber, Other
Foundation: Stone, Other
Stories: 5

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas, Electric
Water Source: Public
Sewer: Public Sewer
Energy Features: Other (See Remarks)

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Off Street, Paved, Other

Location

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Neighborhood

573 Main Street, Southbridge MA 01550

Southbridge, MA 01550

Walkability

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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
E

Elementary Schools

3 schools
Trinity Catholic Academy
0.2 mi
Grades PK-08
C-
West Street School
0.6 mi | #724 of 824 | Score: 34.0
Improved 18 spots from last year
-24.2 below state avg
323 students Moderate
Grades 01-05
Eastford Road School
0.7 mi
397 students Moderate
Grades PK-01
M

Middle Schools

1 school
C
Southbridge Middle School
1.7 mi | #282 of 352 | Score: 33.3
Improved 1 spots from last year
-24.9 below state avg
380 students Diverse
Grades 06-08
H

High Schools

2 schools
Southbridge Academy
0.3 mi
21 students Diverse
Grades 06-12
C-
Southbridge High School
1.7 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
Learn about these ratings
School data provided by BMN Schools

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 $787
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

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.

Property History

Property Timeline

🏠
Listed for Sale
Apr 13, 2026
$1,050,000
Original listing
Agent: Jason Saphire Office: www.HomeZu.com

Price & Status History

Date Event Price Change
Apr 13, 2026 New Listing Added $1,050,000 —

Market Statistics

Time on Market
8 hours 30 minutes
Price per Sq Ft
$135

Tax History

Year Taxes Assessment
2025 $9,442 $697,300

Financial Details

Annual Property Tax
$9,442
Tax Year 2025
Assessed Value
$697,300

Listing Information

Listing Agent Jason Saphire
Listing Office www.HomeZu.com
Agent MLS ID CN236778
Office MLS ID AN7148
Listing Data Updated Apr 13, 2026 7:16 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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