98 Cross St Southbridge — Photo 1 of 20
Recent Drop: $18,000
$430,000
Investment Analysis — 98 Cross St
Southbridge, MA 01550
Based on rent reported on the MLS listing, a 2-unit multi-family in 01550 carries $3,600/mo in gross rent — about a 6.89% cap rate and $29,633/yr in estimated NOI at the $430,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,450
Style
Multi Family
Built
1940
Excellent investment opportunity! Solid 2-unit multifamily in Southbridge offering immediate cash flow. Both units are currently occupied 2BR/1BA generating strong rental income, with one unit becoming vacant after June 1st - ideal for an owner-occupant looking to live in one unit while collecting rent on the other, or an investor ready to set market rent at $1,850/month. Recent capital improvements include a new electric stove (March 2025) and water heater replacement (February 2026). Exterior porches freshly painted within the last two years. Low operating expenses with 2025 costs including taxes of $3,200, trash at $1,060, and water/sewer at $2,707. Strong proforma gross rent of $3,700/month. A turnkey opportunity — don't miss it! All information deemed reliable but not guaranteed. Buyer to perform their own due diligence.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Other
Geography
Property History
$430,000
Was $448,000
Jun 22, 2026
MLS® 73518839
$448,000
May 14, 2026
MLS® 73518839
Listing Agent: Jason Saphire
Listing Office: www.HomeZu.com
MLS® Number: 73518839