338 Main St, Southbridge MA 01550 – 14 bed 16 bath For Sale – 73406319
Overview
- Updated On:
- August 2, 2025
-
- 73406319
- 14 Bedrooms
- 14.5 Bathrooms
- 0 Garage Spaces
- 50 Non-Garage Parking Spaces
- 1907
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!
This property is listed by John Snyder from Redfin Corp.
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 1,960,000 |
| Living Area | 9,216.00 ft2 |
| Bedrooms | 14 |
| Total Rooms | 28 |
|---|---|
| Listing MLS ID | 73406319 |
| Days on Market | 15 |
| Bathrooms | 14.5 |
Unit Information
| Bedrooms | 14 |
|---|---|
| Full Bathrooms | 13 |
| Half Bathrooms | 3 |
| Cooling | |
| Heating | Central,Natural Gas |
| Uncovered Parking | 50 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Full |
| Patio And Porch Features | |
| Parking Features | Other |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 15 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials | Brick |
| Year Built | 1907 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full |
| Roof | Rubber |
Additional Details
| Community Features | Public Transportation,Shopping,Park,Golf,Medical Facility,Laundromat,Highway Access,Public School |
|---|---|
| Disclosures | Buyer and Buyer's Agent to verify all information and perform their own due diligence. All parking is owned by the Municipality. |
| Last Updated | August 2, 2025 at 03:26am |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | M:0035 B:0036 L:00001,3977864 |
| Original List Price | 1960000 |
| Listing Office | redfin corp. |
| Tax Annual Amount | 10844 |
|---|---|
| Tax Assessed Value | 739700 |
| Tax Book Number | 65227 |
| Tax Year | 2025 |
| Year Built Details | Actual |
| Year Built Source | Public Records |
| Zoning | CC |
| Listing Agent | john snyder |
Property Address
Amenities and Features
Payment Calculator
- Principal and Interest
- Property Tax
- HOA fee
Map
What's Nearby
Contact Me
Similar Listings
21-23 Coombs St, Southbridge MA 01550 –...
412 Charlton St, Southbridge MA 01550 –...
28-30 Plimpton St, Southbridge MA 01550 R...
338 Main St, Southbridge MA 01550 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
338 Main St, Southbridge MA 01550 – 14 bed 16 bath For Sale – 73406319
$ 1,960,000
Status: Active
338 Main St, Southbridge MA 01550, Southbridge, , Worcester 01550
Country: US
Property Overview
MLS #: 73406319
Type: 5+ Family - 5+ Units Up/Down /
Action: Residential Income
Year Built: 1907 (Actual, Source: Public Records, Effective: )
Living Area: 9,216.00 ft2 (Total: 9216 Square Feet, Source: Public Records)
Lot Size: 0.13 ft2 (Area: 0.13 Acres, SqFt: 5663)
Total Rooms: 28
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 14 (Main Level: )
Bathrooms: Total: 14.5 (Full: 13, Half: 3, Decimal: 14.5, Main Level: )
Basement: Full
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Brick
Foundation: Brick/Mortar (Area: )
Roof: Rubber
Stories: 3 (3)
Common Walls:
Body Type:
Utilities & Green Features
Heating: Central,Natural Gas
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: 220 Volts (Expense: 17796)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 50
Parking Features: Other
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features:
View: City View(s) (, Waterview Y/N: )
Waterfront:
Road Frontage: ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,Shopping,Park,Golf,Medical Facility,Laundromat,Highway Access,Public School
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: CC ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
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!
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 15
Units Owner Occupied:
Unit 1: Beds: 0, Full Baths: 0, Half Baths: 2, Levels: 1, Rent: 1000, Lease: Y
Unit 2: Beds: 0, Full Baths: 0, Half Baths: 1, Levels: 1, Rent: 0, Lease: N
Unit 3: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Unit 4: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 10844 (Year: 2025)
Tax Assessed Value: 739700
Tax Block/Lot/Book/Map: / / 65227 /
Parcel Number: M:0035 B:0036 L:00001,3977864
Special Licenses:
Current Financing:
Gross Income: 236316 (Scheduled: 13860)
Net Operating Income: 156471
Operating Expense: 79844 (Water/Sewer: 4063, Insurance: 13600)
Financial Data Source: Owner
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Heat,Gas)
Total Actual Rent: 19693
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: John Snyder (MLS ID: CT000302) / Team:
Listing Office: Redfin Corp. (MLS ID: NB3534)
Agent (Property): 369593
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-07-17
Expiration Date: 1900-01-01
Original List Price: 1960000
Price Per SqFt (List): 212.67
Market Time (Property): 15 (Broker: 15, Prev Broker: 0, Prev Property: 0)
MLS Status: Active
Possession:
Directions: Rte. 20 East through Sturbridge to Southbridge.
Disclosures: Buyer and Buyer's Agent to verify all information and perform their own due diligence. All parking is owned by the Municipality., Y
Lead Paint: Unknown
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: Measurements are approximate and need to be verified by the buyer. (Incl. Base: No, Other: )
Master Book/Page: / (Page: 47)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 2244590
Modification Timestamp: August 2, 2025 at 03:26am
Bridge Modification Timestamp: August 2, 2025 at 03:26am
Original Entry Timestamp: July 17, 2025 at 10:46pm
Status Change Timestamp: July 17, 2025 at 10:46pm
Off Market Date:
Development Status:
Business Type:
