What is the estimated cap rate for 135-137 Elm St, Southbridge, MA 01550?

Based on rent reported on the MLS listing, 135-137 Elm St, Southbridge, MA 01550 (4 units) has an estimated 0.75% cap rate at its $450,000 list price, assuming $950/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 135-137 Elm St, Southbridge, MA 01550?

The MLS listing reports about $950/month in total rent for a 4-unit multi-family in 01550. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

15 Days on market

135-137 Elm St Southbridge — Photo 1 of 20

$450,000

Investment Analysis — 135-137 Elm St

Southbridge, MA 01550

Based on rent reported on the MLS listing, a 4-unit multi-family in 01550 carries $950/mo in gross rent — about a 0.75% cap rate and $3,385/yr in estimated NOI at the $450,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

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 MLS and other third-party data may be inaccurate or out of date.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.

Financials

Original Price$450,000

Annual Taxes$5,279

Parking

Garage3

Off-Street7

Interior Specifications

Total Rooms14

FireplacesNone

Flooring--

BasementFull

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

RoofShingle

FoundationStone

ZoningR3

Property & Lot

Acres0.21

SqFt Lot9,148

Lot Features--

Neighborhood

Public Transportation • Shopping • House of Worship • Public School

Geography

Listing Provided By

Listing Agent: Joseph Cali

Listing Office: Cali Realty Group, Inc.

MLS® Number: 73569418