48 Central St Southbridge, MA 01550
Southbridge AreaEstimated payment $7,374/month
Highlights
- Community Stables
- Property is near golf course, public transit, and schools
- Tennis Courts
- Medical Services
- Community Pool
- Jogging Path
About This Home
This 10-unit mixed use deal located right in downtown Southbridge includes four well-maintained adjacent buildings. It includes two (2) Commercial units, two (2) 3-Bedroom/1-Bathroom units, four (4) 2-Bedroom/1-Bathroom units, and two (2) Studio units with 11,714 square feet of gross living area in 19,307 square feet of gross area. All units are currently occupied. The Property is situated upon a 0.32-acre parcel and features ample off-street parking for residential tenants. The majority of tenants are TAW and below market offering immediate upside. Tenants are responsible for a mix of gas & electric powered heat and separately metered electricity. The Landlord is just responsible for hot water at 48-52 Central. 48–62 Central Street is well-positioned in downtown Southbridge, offering strong access to the town’s central business district, local retail corridors, and surrounding residential neighborhoods. Priced at an 8.4 cap rate.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,082
Year Built
- Built in 1938
Lot Details
- 13,939 Sq Ft Lot
- Property fronts a private road
- Street terminates at a dead end
- Level Lot
Home Design
- 11,714 Sq Ft Home
- Shingle Roof
- Rubber Roof
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Full Bathrooms
Parking
- 12 Car Parking Spaces
- Driveway
- Paved Parking
- 12 Open Parking Spaces
- Off-Street Parking
Location
- Property is near golf course, public transit, and schools
Utilities
- Heating System Uses Natural Gas
- Separate Meters
Additional Features
- Unfinished Basement
Listing and Financial Details
- Rent includes unit 1(water hot water), unit 2(water hot water), unit 3(water hot water), unit 4(water hot water)
Community Details
Overview
- 10 Units
- Near Conservation Area
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
- Community Stables
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $1,100
- Insurance Expense $18,000
- Water Sewer Expense $9,804
- Operating Expense $74,902
- Net Operating Income $92,378
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $11,435 | $780,000 | $57,900 | $722,100 |
| 2024 | $7,633 | $500,200 | $55,100 | $445,100 |
| 2023 | $7,163 | $452,200 | $55,100 | $397,100 |
| 2022 | $7,072 | $395,100 | $50,800 | $344,300 |
| 2021 | $6,940 | $357,000 | $50,800 | $306,200 |
| 2020 | $3,001 | $342,400 | $50,800 | $291,600 |
| 2018 | $6,640 | $320,000 | $48,300 | $271,700 |
| 2017 | $6,387 | $310,500 | $48,300 | $262,200 |
| 2016 | $6,297 | $311,600 | $48,300 | $263,300 |
| 2015 | $5,469 | $268,600 | $43,200 | $225,400 |
| 2014 | $5,222 | $265,900 | $43,200 | $222,700 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/20/2026 08/20/26 | Pending | -- | -- | -- |
| 08/05/2026 08/05/26 | For Sale | $1,100,000 | -- | $94 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $550,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $412,500 | New Conventional | |
| Closed | $35,000 | Commercial | |
| Previous Owner | $269,000 | Commercial | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $158,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73559742
APN: SBRI-000035-000008-000001
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.
Ask me questions while you tour the home.