MA > Southbridge
Southbridge, MA 01550,338 Main St
Southbridge, MA 01550,338 Main St,Video Tour
Southbridge, MA 01550,338 Main St
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JEP Realty

JEP Realty

+1(781) 258-7513
$1,960,000
Est. payment /mo
14 Beds
14.5 Baths
9,216 SqFt
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Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 9,216 sqft

Price per Sqft $212

MLS Listing ID 73406319

Bedrooms 14

Full Baths 13

Half Baths 3

Year Built 1907

Annual Tax Amount $10,844

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

Motivated seller - all reasonable offers considered. Prime downtown mixed-use investment property with an 8% cap rate ideal for long term stability. Zoned CC in a designated Opportunity Zone with both capital gain & historic tax credits. Exceptionally maintained, including new roof & furnace. First floor includes two commercial spaces: a new 10-year convenience store lease & an available 539 SF vanilla box. 13 fully occupied market-rate residential units on floors 2 & 3 provide steady income. Adjacent to a free municipal parking lot. Walking distance to local amenities as well as the WRTA bus stop with free fare throughout the entire greater Worcester region! Southbridge supports a stable tenant base with ~18K residents & a median income of ~$34K. Located minutes from I90 & I84 with easy access to Boston & NYC. Don't miss this exceptional opportunity!

Location

State MA

County Worcester

Zoning CC

Direction Rte. 20 East through Sturbridge to Southbridge.

Rooms

Basement Full

Interior

Heating Central, Natural Gas

Exterior

Community Features Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Highway Access, Public School

View Y/N Yes

View City View(s)

Roof Type Rubber

Total Parking Spaces 50

Garage No

Building

Story 3

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Virtual Tour https://my.matterport.com/show/?m=7EeZp37MjXj

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Listed by Redfin Corp.

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agent
JEP Realty

Broker Associate | License ID: 9518255

+1(781) 258-7513 | soldbyjep@gmail.com

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338 Main St

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