664-666 Main Street, Southbridge, MA for sale

Investment Overview

Northeast Private Client Group, Inc. is pleased to present 664-666 Main St, a five-unit multifamily property on Main Street in downtown Southbridge, Massachusetts. The offering pairs two adjacent addresses, a four-unit at 664 Main and a single family at 666 Main, in the walkable core of a Central Massachusetts mill town midway between Worcester and the Connecticut border. It is offered at $825,000. The five apartments span the layouts local renters favor: two three-bedroom units and two two-bedroom units at 664 Main, plus a one-bedroom at 666 Main. The two-story buildings date to 1900 and sit on a 0.34-acre lot with a detached 1,536-square-foot masonry garage. Ownership covers water and sewer, trash, and common electric, keeping the operating profile lean and easy to manage. Current rents sit below where comparable Southbridge units are leasing, so an incoming owner can lift income as leases turn without repositioning the asset. The detached garage carries a projected income line the residential rents do not include, and the walkable Main Street location keeps the units close to downtown jobs, services, and transit. 664-666 Main St offers a value-add multifamily investment with below-market current rents, an owner-paid expense structure, and a detached garage for added income, in the walkable center of Southbridge. All interested and qualified parties will have the opportunity to obtain additional information upon request.

Investment Highlights

• Below-Market Rents
• Five-Unit Residential Mix
• Detached Masonry Garage
• Downtown Southbridge Address
• Regional Access to Worcester