437 Main St Southbridge — Photo 1 of 31
Recent Drop: $901,000
$349,000
Investment Analysis — 437 Main St
Southbridge, MA 01550
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01550 carries an estimated $1,340/mo in gross rent — about a 2.30% cap rate and $8,033/yr in estimated NOI at the $349,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
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SqFt
8,476
Style
Other
Built
1843
Attention developers, investors and visionaries! Exceptional adaptive reuse opportunity in the heart of downtown Southbridge. This prominent 8,476± square foot building is offered at just $349,000, approximately $41 per square foot, presenting an attractive basis for redevelopment or owner occupancy. Located within the Central Commercial District, the property offers potential for multifamily housing, condominiums, artist lofts, live/work spaces, office use, educational facilities, community services, or continued religious use, subject to municipal approvals. Features include expansive open areas, high ceilings, abundant natural light, multiple entrances, and existing public water, sewer, natural gas, and electric utilities. Conveniently situated near restaurants, shops, municipal services, and major routes. A unique opportunity to reposition an underutilized asset into an income-producing property with significant upside potential. Buyers to perform their own due diligence regarding
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$349,000
Was $479,000
Jun 17, 2026
MLS® 73479047
$479,000
Was $799,000
Apr 16, 2026
MLS® 73479047
$799,000
Was $1,250,000
Mar 9, 2026
MLS® 73479047
$1,250,000
Feb 20, 2026
MLS® 73479047
Listing Agent: Debra L. Lovelace
Listing Office: Churchill Properties
MLS® Number: 73479047
