128 & 128 1/2 Elm St, Southbridge, MA 01550
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$672,000
5 Unit
11 Beds
5 Baths
4022 SQFT
0.12 Acre

Property Description

Opportunity knocks with this centrally located property consisting of two separate buildings. The front building consists of three units: one 1-bedroom unit, one 2-bedroom unit, and one townhouse style 2-bedroom unit. The rear building consists of two 3-bedroom units, each has laundry hookups inside the unit and ground level secured storage for convenience. Both buildings have large basements with concrete floors for additional storage as well as fully accessible attics. Four out of five units currently occupied by long term strong, reliable tenants, offering excellent cash flow from day one. Investors will appreciate the rental income, while an owner-occupant could live affordably with tenants off-setting majority of mortgage. Plenty off street parking and 420 sq foot detached garage. High income-producing, solid addition to any portfolio! Agent has ownership interest in the property. Multifamily portfolio for sale in Southbridge, see also: #73452418, #73452471, #73452451, #73452461.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 6
  • Total Bedrooms: 11
  • Total Full Baths: 5
  • Amenities: Bike Path, Conservation Area, Golf Course, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living Room, Mudroom
  • Common Interior Features: Bathroom With Tub, Ceiling Fans, Pantry, Storage
  • Common Appliances: Range, Refrigerator, Vent Hood, Washer & Dryer Hookup
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 75600
  • Gross Expenses: 9655
  • GSE: 316
  • Electric Expenses: 436
  • Water/Sewer: 2282
  • INSC: 4781
  • RFS: 1840
  • Net Operating Income: 65945

Utilities

  • Heat Zones: 5
  • Electric Info: 100 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Water: City/Town Water, Individual Meter, On-Site, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: None
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: None
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 4 Description

  • Included in Rent: None
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber, Shingle, Slate
  • Flooring Type: Hardwood, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73452427
  • Last Updated: 11/10/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/10/2025Active$672,000$167MLSPIN
11/06/2025New$672,000$167MLSPIN
10/25/2025Expired$674,900$175MLSPIN
08/12/2025Active$674,900$175MLSPIN
08/08/2025Back on Market$674,900$175MLSPIN
07/28/2025Contingent$674,900$175MLSPIN
06/30/2025Active$674,900$175MLSPIN
06/26/2025New$674,900$175MLSPIN

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Seller's Representative: Erivaldo Silveira, Voro MA LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-11-10 03:05:00