
56 Water Street Southbridge — Photo 1 of 23
Beds
9
Baths
3
SqFt
3,414
Style
3 Family
Built
1900
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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Market Value Analysis
* Analysis is based on 18 actively listed and recently sold comparable properties strictly within Southbridge, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Golf • Medical Facility
Geography
Population
17,928
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$66K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
57.3%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Worcester County
1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Robert Bissonnette
Listing Office: Excelsior Realty
MLS® Number: 73572801
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