
37 Oakes Ave Southbridge — Photo 1 of 39
Recent Drop: $25,000
$499,900
Investment Analysis — 37 Oakes Ave
Southbridge, MA 01550
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-unit multi-family in 01550 carries an estimated $4,520/mo in gross rent — about a 7.34% cap rate and $36,716/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
2
SqFt
2,319
Style
2 Family - 2 Units Up/Down
Built
1880
Seller Says Sell! 37 Oakes Ave in Southbridge is a fully renovated, vacant two-family offering a rare turnkey opportunity for both owner-occupants and investors. Thoughtfully updated from top to bottom, this property features a new roof, new windows, updated electrical and plumbing, a brand-new boiler and hot water heater for one unit, and beautifully renovated interiors throughout. The first-floor unit offers 3 bedrooms and 1 full bathroom, while the second unit features 4 bedrooms and 1 full bathroom. Both units include in-unit laundry hookups, separate utilities, and are delivered completely vacant, offering immediate flexibility for owner occupancy or rental income. Lead compliance certificates for both units are already in hand for added peace of mind. Ideally located directly across from UMass Memorial Health – Harrington Hospital and just minutes from downtown shops, restaurants, parks, schools, and major commuter routes. With extensive updates already completed and both units ready for occupancy, this is a true turnkey property with excellent income potential in a convenient, high-demand location. Don't miss this opportunity!
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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat • Highway Access
Geography
Property History
$499,900
Was $524,900
Aug 24, 2026
MLS® 73553152
$524,900
Jul 22, 2026
MLS® 73553152
Listing Agent: The Equity Group
Listing Office: Lock and Key Realty Inc.
MLS® Number: 73553152