Active
1 Days on market
56 Water Street Southbridge — Photo 1 of 23

56 Water Street Southbridge — Photo 1 of 23

$474,900

56 Water Street, Southbridge, MA 01550

Southbridge, MA 01550 — Westville

Beds

9

Baths

3

SqFt

3,414

Style

3 Family

Built

1900

Welcome to 56 Water Street in Southbridge—an excellent investment opportunity featuring a well-maintained three-family property with three bedrooms and one bathroom in each unit. Each approximately 1,150 sq. ft. unit offers a similar layout with a kitchen, living room, three bedrooms, bathroom, and an enclosed porch with upgraded oversized windows providing abundant natural light. The property also offers ample off-street parking and a detached two-bay garage. Centrally located with convenient access to schools, shopping, and the hospital, while benefiting from town services. Additionally, the basement includes a bonus approximately 650 sq. ft. studio apartment with a full bathroom, offering potential for additional living space or income. All three main units are currently fully rented and occupied, and the existing tenants have expressed a desire to continue their occupancy. This multifamily property features coin-operated laundry in a common area off the first-floor porch generating income-this revenue has been included in the pro forma.The basement studio and all property details, including use, zoning, permits, and square footage, should be independently verified by the buyer and buyer’s agent.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$139/sqft
Local Avg (Southbridge)$218/sqft
36% BelowMarket Average

* Analysis is based on 18 actively listed and recently sold comparable properties strictly within Southbridge, MA.

Property Details

Financials

Original Price$474,900
Annual Taxes$5,990

Parking

Garage2
Off-Street9

Interior Specifications

Total Rooms15
FireplacesNone
FlooringWood, Vinyl, Varies, Laminate
BasementFull, Partially Finished, Bulkhead, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas, Individual, Space Heater
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Stone
RoofShingle
FoundationStone
ZoningR2

Property & Lot

Acres0.16
SqFt Lot6,970
Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Golf • Medical Facility

Geography

Population

17,928

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$66K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

57.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Robert Bissonnette

Listing Office: Excelsior Realty

MLS® Number: 73572801

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