98 Cross St Southbridge, MA 01550
Southbridge AreaEstimated payment $2,626/month
About This Home
Excellent investment opportunity! Solid 2-unit multifamily in Southbridge offering immediate cash flow. Both units are currently occupied 2BR/1BA generating strong rental income, with one unit becoming vacant after June 1st - ideal for an owner-occupant looking to live in one unit while collecting rent on the other, or an investor ready to set market rent at $1,850/month. Recent capital improvements include a new electric stove (March 2025) and water heater replacement (February 2026). Exterior porches freshly painted within the last two years. Low operating expenses with 2025 costs including taxes of $3,200, trash at $1,060, and water/sewer at $2,707. Strong proforma gross rent of $3,700/month. A turnkey opportunity — don't miss it! All information deemed reliable but not guaranteed. Buyer to perform their own due diligence.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,199
Year Built
- Built in 1940
Home Design
- Block Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 1,450 Sq Ft Home
- Property has 1 Level
- Unfinished Basement
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Shared Driveway
- 2 Open Parking Spaces
- Off-Street Parking
Additional Features
- Porch
- 4,792 Sq Ft Lot
- 100 Amp Service
Community Details
- 2 Units
- Net Operating Income $43,200
Listing and Financial Details
- Assessor Parcel Number 3977691
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 | $3,054 | $208,300 | $27,000 | $181,300 |
| 2024 | $2,759 | $180,800 | $13,500 | $167,300 |
| 2023 | $2,580 | $162,900 | $13,500 | $149,400 |
| 2022 | $2,429 | $135,700 | $11,500 | $124,200 |
| 2021 | $2,125 | $109,300 | $11,500 | $97,800 |
| 2020 | $1,886 | $96,800 | $11,500 | $85,300 |
| 2018 | $1,884 | $90,800 | $16,700 | $74,100 |
| 2017 | $1,728 | $84,000 | $16,700 | $67,300 |
| 2016 | $1,698 | $84,000 | $16,700 | $67,300 |
| 2015 | $1,873 | $92,000 | $18,000 | $74,000 |
| 2014 | $1,807 | $92,000 | $18,000 | $74,000 |
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 |
|---|---|---|---|---|
| 06/22/2026 06/22/26 | Price Changed | $430,000 | -4.0% | $297 / Sq Ft |
| 05/14/2026 05/14/26 | For Sale | $448,000 | -- | $309 / 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 | $804,133 | None Available | |
| Quit Claim Deed | $91,915 | -- | |
| Deed | $78,000 | -- | |
| Foreclosure Deed | $85,000 | -- | |
| Deed | $33,000 | -- | |
| Deed | $10,000 | -- |
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 | $1,628,000 | Commercial | |
| Open | $6,200,000 | Commercial | |
| Previous Owner | $73,500 | New Conventional | |
| Closed | $125,000 | No Value Available | |
| Previous Owner | $74,800 | No Value Available | |
| Previous Owner | $17,624 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73518839
APN: SBRI-000034-000044-000001
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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