318 Main St Southbridge, MA 01550
Estimated payment $4,138/month
About This Home
Come check out this great investment opportunity to build out a 15 unit building in the heart of downtown Southbridge. Bring this great brick building back to life!! 2 storefront units on first floor with additional 13 residential rental units above and behind. This building is located in an opportunity zone as well as being registered as a historical building! Take advantage of the historical tax credits and bring your vision to this wonderful building and make it shine again! This is a great value to own in the downtown area of Southbridge which is currently undergoing a revitalization. Building is being sold "AS-IS". Building department has indicated that this is BP only and no zoning is required.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,077
Year Built
- Built in 1867 | Under Construction
Lot Details
- 7,405 Sq Ft Lot
- Irregular Lot
Interior Spaces
- 20,000 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 26 Bedrooms
Community Details
- 15 Units
- Net Operating Income $44,496
Listing and Financial Details
- Assessor Parcel Number M:0035 B:0039 L:00001,3977868
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,289 | $429,000 | $59,200 | $369,800 |
| 2024 | $6,077 | $398,200 | $56,400 | $341,800 |
| 2023 | $6,681 | $421,800 | $56,400 | $365,400 |
| 2022 | $6,938 | $387,600 | $52,000 | $335,600 |
| 2021 | $7,535 | $387,600 | $52,000 | $335,600 |
| 2020 | $7,550 | $387,600 | $52,000 | $335,600 |
| 2018 | $7,370 | $355,200 | $49,400 | $305,800 |
| 2017 | $7,306 | $355,200 | $49,400 | $305,800 |
| 2016 | $7,179 | $355,200 | $49,400 | $305,800 |
| 2015 | $6,625 | $325,400 | $49,400 | $276,000 |
| 2014 | $6,391 | $325,400 | $49,400 | $276,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/01/2025 06/01/25 | Price Changed | $650,000 | -7.0% | $33 / Sq Ft |
| 02/24/2025 02/24/25 | For Sale | $699,000 | -- | $35 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Foreclosure Deed | $500,000 | None Available | |
| Foreclosure Deed | $500,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $150,000 | -- | |
| Deed | $150,000 | -- | |
| Foreclosure Deed | $127,900 | -- | |
| Foreclosure Deed | $127,900 | -- | |
| Deed | $350,000 | -- | |
| Deed | $350,000 | -- | |
| Deed | $140,000 | -- | |
| Deed | $140,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | Purchase Money Mortgage | |
| Closed | $450,000 | Purchase Money Mortgage | |
| Previous Owner | $280,000 | Second Mortgage Made To Cover Down Payment | |
| Previous Owner | $50,753 | Commercial | |
| Previous Owner | $660,000 | Unknown | |
| Previous Owner | $72,000 | Commercial | |
| Previous Owner | $335,000 | Commercial | |
| Previous Owner | $100,000 | Commercial | |
| Previous Owner | $125,000 | Commercial | |
| Previous Owner | $121,700 | Commercial | |
| Previous Owner | $122,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73337684
APN: SBRI-000035-000039-000001
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