Fully occupied 6-unit Mult-Family with long term tenants all paying each month. Turnkey investment providing steady income with strong income potential growth. The property features a well-balanced mix of three - 3BR 1 Bath units in the front and three - 2BR 1 Bath units in the back. Renters are Tenant at Will with rents below market value (except Unit 3F - renovated in 2024 and rent is $1950/mth. Pictures attached show the unit being renovated, prior to tenants.) All units have a Letter of Full Deleading Compliance. New Fire Department Compliant Alarm System being installed, will be completed prior to closing. Provides plenty of off-street parking and situated on a corner lot. Major repairs have been done over time - vinyl sided, replacement windows, electrical panels with landlord meter, exterior lights on a timer, porches and decks. Rubber Roof ~16 years old. 6th Unit rent is $1200/mth.
| Units | 6 |
| Living area | 6,237 sqft |
| Lot size | 11,326 sqft |
| Year built | 1930 |
| Price / sqft | $128 |
| County | Worcester |
| MLS # | 73520286 |
| Annual property tax | $9,152 |
| Tax year | 2025 |
| Assessed value | $624,300 |
| Zoning | R3 |
| Gross income (actual) | $95,640/yr |
| Net operating income (actual) | $53,210/yr |
| Total actual rent | $7,970/mo |
| Electric expense | $461/yr |
| Insurance expense | $13,166/yr |
| Stories | 5 |
| Total rooms | 27 |
| Lot size | 0.26 acres |
| Garage spaces | 0 |
| Parking spaces | 9 |
| Basement | Full, Walk-Out Access, Dirt Floor |
| Foundation | Stone |
| Roof | Rubber |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator |
Listing courtesy of Compass Realty Group, LLC — Carolyn Crosby. Listing data © MLS PIN.
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It is a 6-unit multi-family property with 6,237 sqft of living area, built in 1930.
Annual property taxes are $9,152 (2025), on an assessed value of $624,300.
At $799,900 for 6,237 sqft, that's about $128 per square foot.
9 total parking spaces.
121 Charlton St, Southbridge MA 01550 is in Southbridge, Worcester County, MA 01550.