
135-137 Elm St Southbridge — Photo 1 of 20
Recent Drop: $50,100
$399,900
Investment Analysis — 135-137 Elm St
Southbridge, MA 01550
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 4-unit multi-family in 01550 carries an estimated $5,760/mo in gross rent — about a 11.82% cap rate and $47,252/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
4
SqFt
3,002
Style
4 Family - 4 Units Up/Down
Built
1900
Fantastic opportunity to own a 3-4 family home featuring two 1-bedroom units, and two 2-bedroom units. Currently zoned as a 3-family plus commercial. Town is reviewing zoning as a 4-family residential. 3 of the 4 units needs rehab - investors, contractors. Lots of potential: Conveniently located in the downtown area of Southbridge, close to major routes, schools, shopping, and dining. New roof (2021), vinyl siding, 3-car garage, newer decks and generous off street parking. Delivered with only one unit occupied. This property is perfect for investors with flexibility of residential and/or street front commercial space.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • House of Worship • Public School
Geography
Property History
$399,900
Was $450,000
Sep 17, 2026
MLS® 73569418
$450,000
Aug 28, 2026
MLS® 73569418
Listing Agent: Joseph Cali
Listing Office: Cali Realty Group, Inc.
MLS® Number: 73569418








