88 Cross St, Southbridge MA 01550
Southbridge, MA 01550
$1,320,000
$1,275,000
Est. $7,397/month
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About this home
Well-maintained 8-unit multifamily property in Southbridge offering immediate cash flow and strong rental history. The building consists of a mix of 1, 2, and 3-bedroom units — Basement (2BR), 1L (2BR), 1R (3BR), 1Rear (2BR), 2L (2BR), 2R (2BR), 3L (3BR), and 3R (1BR) — with current gross monthly rent of $9,242 and an average of $1,540/unit. Offered at $1,320,000. Annual expenses include property taxes, disposal & waste fees, electricity, and water & sewer. Several units currently show below-market rents, presenting upside potential for an experienced investor. Ideal for a 1031 exchange or portfolio addition. Easy highway access and proximity to local amenities make this a sought-after location for long-term tenants.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
3.4%
Price Range
Property Timeline
Pending Sale
Aug 16, 2026
Offer accepted, sale pending
Showing Instructions Updated
Jun 25, 2026
New showing requirements
Price Reduced
Jun 22, 2026
$1,275,000
$45,000
(-3.41%)
From $1,320,000 to $1,275,000 (-3.4%)
Listed for Sale
May 26, 2026
$1,320,000
Original listing
Agent: Jason Saphire
Office: www.HomeZu.com
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/16/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/25/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/22/2026 | ↓ Price Reduced | $1,275,000 | $45,000 | - | From $1,320,000 to $1,275,000 (-3.4%) |
| 05/26/2026 | 🏠 Listed for Sale | $1,320,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $8,998 | $675,500 |
Financial Details
Annual Property Tax
$8,998
Tax Year 2025
Assessed Value
$675,500
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1900
Living Area
5,224 sq ft
Lot Size
0.21 acres
Stories
6
Bedrooms
17
Full Baths
8
Total Rooms
21
Investment Metrics
Units
8
Unit 1 Rent
$1,599/mo · Y
Unit 2 Rent
$1,550/mo · Y
Unit 3 Rent
$1,599/mo · N
Unit 4 Rent
$1,800/mo · N
Total Monthly Rent
$6,548/mo
Gross Income
$110,904
Net Operating Income
$77,320
Operating Expenses
$33,584
Water/Sewer Expense
$16,510
Electric Expense
$2,085
Cap Rate
6.06%
Interior
Heating
None
Cooling
None
Flooring
Vinyl, Carpet, Hardwood
Appliances
None
Fireplace
None
Basement
Partial, Unfinished
Laundry
Washer Hookup
Features
None
Exterior
Construction
Frame, See Remarks
Architecture
None
Roof
Shingle, Rubber, Other
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Off Street
Total Spaces
7
Utilities
Electric
Circuit Breakers, 100 Amp Service, Other (see Remarks)
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Oven, For Electric Oven, Washer Hookup
Financial
Annual Tax
$8,998
Assessed Value
$675,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Yes, Certified Treated
Seller Disclosures
We Have Lead Compliance Letters And Buyers Are To Do Their Own Due Diligence
Exclusions
Tenant Personal Property
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
82 days
Property Overview
Property Type
5-9 Family
Listing Type
Sale Pending
Year Built
1900
Bedrooms
17
Full Bathrooms
8
Living Area
5,224 sq ft
Total Rooms
21
Stories
6
Levels
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,224 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
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:
Vinyl, Carpet, Hardwood
Appliances:
Interior Features:
Windows:
Basement:
Partial, Unfinished
Laundry:
Washer Hookup
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame, See Remarks
Roof:
Shingle, Rubber, Other
Foundation:
Stone
Stories:
6
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas, Electric, Other (See Remarks)
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Other (See Remarks)
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Unimproved
Parking & Garage
Total Parking Spaces:
7
Parking Features:
Off Street
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
3 schools
Trinity Catholic Academy
0.1 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
0.8 mi
397 students
Moderate
Grades PK-01
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
High Schools
2 schools
Southbridge Academy
0.4 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
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
$750
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
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Neighborhood
88 Cross St, Southbridge MA 01550
Southbridge, MA 01550
Listing Information
Listing Agent
Jason Saphire
Listing Office
www.HomeZu.com
Office Phone
877-249-5478
Agent MLS ID
CN236778
Office MLS ID
AN7148
Listing Data Updated
Aug 16, 2026 10:13 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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