37 River St Southbridge, MA 01550
Estimated payment $3,038/month
Total Views
593
9
Beds
3
Baths
3,099
Sq Ft
$158
Price per Sq Ft
About This Home
Discover this 3-unit multifamily property offering a strong rental income and long-term growth potential. Featuring 9 bedrooms, 3 bathrooms, and 3 convenient off-street parking spaces, this property is an ideal addition to any investor’s portfolio.Two of the units have been recently updated and renovated, providing modern finishes and increased rental appeal. The third-floor unit is currently vacant and ready for immediate occupancy, while the other two units are tenant-occupied with lease agreements in place, ensuring steady cash flow from day one.Whether you're looking to live in one unit and rent the others or expand your rental property portfolio, this multifamily delivers both value and opportunity.Additional perks making this property desirable to occupants: 4 minutes to Harrington hospital9 minutes Southbridge High School3 minutes to West Street SchoolResidents may also attend Bay Path vocational High School.Open House Saturday 8/30 12:00PM - 1:30PM
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,482
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
Home Design
- Triplex
- Stone Foundation
- Shingle Roof
- Stone
Interior Spaces
- 3,099 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Parking
- 3 Car Parking Spaces
- Shared Driveway
- Open Parking
Schools
- Charlton Street Elementary School
- West Street Middle School
- Southbridge High School
Community Details
- 3 Units
- Net Operating Income $23,377
Listing and Financial Details
- Assessor Parcel Number 3977726
Map
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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 | $4,482 | $305,700 | $24,600 | $281,100 |
| 2024 | $3,647 | $239,000 | $12,300 | $226,700 |
| 2023 | $3,396 | $214,400 | $12,300 | $202,100 |
| 2022 | $3,217 | $179,700 | $10,500 | $169,200 |
| 2021 | $3,213 | $165,300 | $10,500 | $154,800 |
| 2020 | $3,019 | $155,000 | $10,500 | $144,500 |
| 2018 | $2,419 | $116,600 | $15,200 | $101,400 |
| 2017 | $2,398 | $116,600 | $15,200 | $101,400 |
| 2016 | $2,191 | $108,400 | $15,200 | $93,200 |
| 2015 | $2,262 | $111,100 | $16,400 | $94,700 |
| 2014 | $2,182 | $111,100 | $16,400 | $94,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | For Sale | $489,900 | -- | $158 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | $557,500 | -- | |
| Deed | $557,500 | -- | |
| Deed | $780,000 | -- | |
| Deed | $780,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,612,500 | Commercial | |
| Closed | $200,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $1,612,500 | Commercial | |
| Previous Owner | $14,000,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $507,500 | Purchase Money Mortgage | |
| Previous Owner | $180,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Southbridge, MA
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73422582
APN: SBRI-000034-000078-000001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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