128 & 128 1/2 Elm St Southbridge MA 01550 MLS #73396897

128 & 128 1/2 Elm St
Southbridge, MA, 01550
$674,900
11 Beds
5 Baths
3,848 SqFt
0.12 Acres
$674,900
128 & 128 1/2 Elm St
Southbridge, MA, 01550
Unique Multi-Family Investment Opportunity! This rare offering features two separate buildings on one lot, combining for a total of five units. The front building offers 3 units, while the rear building contains 2 additional units, providing flexible rental configurations with a mix of 1 to 3-bedroom layouts to attract a wide tenant base. Investors, you will appreciate the strong income generation currently & potential to increase cash flow, with one unit currently vacant and ready for new occupancy or owner-use. Vacant townhouse style apartment is ready for update & rent. Recent updates include water submetering, replacement windows and new sewer lines installed in 2021, offering peace of mind and reduced maintenance costs. Whether you’re looking to expand your portfolio or enter the rental market with a high-demand property, this is an opportunity you don’t want to miss!

Property Details

Price:
$674,900
MLS #:
73396897
Status:
Active
Beds:
11
Baths:
5
Address:
128 & 128 1/2 Elm St
Type:
Multi Family
Subtype:
5-9 Family
City:
Southbridge
Listed Date:
Jun 26, 2025
State:
MA
Finished Sq Ft:
3,848
Total Sq Ft:
3,848
ZIP:
01550
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1900
Units:
5

Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
5 Full Bathrooms
Fireplaces Total
1
Flooring
Varies
Heating
Electric, Hot Water, Natural Gas, Baseboard
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Construction Materials
Frame
Exterior Features
Balcony/ Deck, Rain Gutters, Garden
Parking Features
Off Street, Paved
Parking Spots
7
Roof
Shingle, Slate

Financial

Net Operating Income
$65,945
Tax Year
2025
Taxes
$7,246
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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128 & 128 1/2 Elm St
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