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$474,900
22 Days On Site

56 Water Street
Southbridge, MA 01550

Triplex|Pending
9
Beds
3
Total Baths
3
Full Baths
3,414
SqFt
$139
/SqFt
1900
Built
County:
Worcester

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56 Water Street56 Water Street56 Water Street56 Water Street
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Welcome to 56 Water Street in Southbridge—an excellent investment opportunity featuring a well-maintained three-family property with three bedrooms and one bathroom in each unit. Each approximately 1,150 sq. ft. unit offers a similar layout with a kitchen, living room, three bedrooms, bathroom, and an enclosed porch with upgraded oversized windows providing abundant natural light. The property also offers ample off-street parking and a detached two-bay garage. Centrally located with convenient access to schools, shopping, and the hospital, while benefiting from town services. Additionally, the basement includes a bonus approximately 650 sq. ft. studio apartment with a full bathroom, offering potential for additional living space or income. All three main units are currently fully rented and occupied, and the existing tenants have expressed a desire to continue their occupancy. This multifamily property features coin-operated laundry in a common area off the first-floor porch generating income-this revenue has been included in the pro forma.The basement studio and all property details, including use, zoning, permits, and square footage, should be independently verified by the buyer and buyer’s agent.

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Listing Snapshot
Price 
$474,900
Days On Site 
22 Days
Bedrooms 
9
Inside Area (SqFt) 
3,414 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.16 Acres
Year Built 
1900
MLS® Number 
73572801
Status 
Pending
Property Tax 
$5,990
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Pending
3 weeks agoListing first seen on site
General Features
Acres 
0.16
Disclosures 
The three units currently generate approximately $4400 in total monthly rental income. Two units are rented on a month-to-month basiswhile the third is currently under a lease. All tenants have been in place for 24 months or longer and are reported to be in good standing.
Foundation 
Stone
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
3
Parking 
Off Street
Parking Spaces 
9
Property Sub Type 
Triplex
Sewer 
Public Sewer
SqFt Above 
3413
SqFt Total 
3414
Water Source 
Public
Zoning 
R2
Interior Features
Appliances 
RangeRefrigeratorGas Water Heater
Basement 
FullPartially FinishedConcrete
Cooling 
Window Unit(s)
Electric 
200+ Amp Service
Flooring 
WoodVinylVariesLaminate
Heating 
Natural GasBaseboardSpace HeaterZoned
Interior 
Storage
Laundry Features 
Electric Dryer HookupWasher Hookup
Window Features 
Insulated Windows
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Exterior Features
Construction Details 
FrameStone
Exterior 
Rain Gutters
Frontage 
100.00
Lot Features 
Level
Patio And Porch 
Covered
Roof 
Shingle
Windows/Doors 
Insulated Windows
Community Features
Community Features 
Tennis Court(s)ParkGolf
MLS Area 
Westville
Financing Terms Available 
Contract
Schools
School District
Unknown
Elementary School
Southbridge
Middle School
Southbridge
High School
Southbridge
Listing courtesy of Robert Bissonnette of Excelsior Realty



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Last checked 2026-10-01 08:54 AM UTC

Neighborhood & Commute
Source: Walkscore
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