$474,900
About this home
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.
Property details
- MLS #
- 73572801
- Property type
- 3 Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 16
- On market date
- September 8, 2026
- Stories
- 3
- Total bathrooms
- 3
- Garage spaces
- 2
- Parking spaces
- 9
- Lot size
- 0.16 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 312
- Student:teacher ratio
- 10.8:1
- District
- Southbridge
- Enrollment
- 407
- Student:teacher ratio
- 12.0:1
- District
- Southbridge
- Enrollment
- 42
- Student:teacher ratio
- 3.5:1
- District
- Southbridge
Walkability
Blended score for Southbridge's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 13 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.