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INVESTMENT SNAPSHOT
About this property
Well-maintained 8-unit multifamily property in Southbridge offering immediate cash flow and strong rental history. The building consists of a mix of 1, 2, and 3-bedroom units — Basement (2BR), 1L (2BR), 1R (3BR), 1Rear (2BR), 2L (2BR), 2R (2BR), 3L (3BR), and 3R (1BR) — with current gross monthly rent of $9,242 and an average of $1,540/unit. Offered at $1,320,000. Annual expenses include property taxes, disposal & waste fees, electricity, and water & sewer. Several units currently show below-market rents, presenting upside potential for an experienced investor. Ideal for a 1031 exchange or portfolio addition. Easy highway access and proximity to local amenities make this a sought-after location for long-term tenants.
Property details
| Units | 8 |
| Living area | 5,224 sqft |
| Lot size | 9,226 sqft |
| Year built | 1900 |
| Price / sqft | $253 |
| County | Worcester |
| MLS # | 73524298 |
Listing status
| Days on market | 4 days |
| Listed on | May 26, 2026 |
Taxes & financials
| Annual property tax | $8,998 |
| Tax year | 2025 |
| Assessed value | $675,500 |
| Zoning | R3 |
| Gross income (actual) | $110,904/yr |
| Net operating income (actual) | $77,320/yr |
| Total actual rent | $9,242/mo |
| Electric expense | $2,085/yr |
Building & lot
| Stories | 6 |
| Total rooms | 21 |
| Lot size | 0.21 acres |
| Garage spaces | 0 |
| Parking spaces | 7 |
| Parking | Off Street |
| Basement | Partial, Unfinished |
| Foundation | Stone |
| Roof | Shingle, Rubber, Other |
| Construction | Frame, See Remarks |
| Flooring | Vinyl, Carpet, Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Oven, for Electric Oven, Washer Hookup |
Location
More about investing in Southbridge →
Listing courtesy of www.HomeZu.com — Jason Saphire. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 88 Cross St, Southbridge MA 01550 have?
It is a 8-unit multi-family property with 5,224 sqft of living area, built in 1900.
How long has 88 Cross St, Southbridge MA 01550 been on the market?
88 Cross St, Southbridge MA 01550 has been listed for 4 days (since May 26, 2026).
What is the price per unit?
At a list price of $1,320,000 across 8 units, that works out to roughly $165,000 per unit.
What are the property taxes on 88 Cross St, Southbridge MA 01550?
Annual property taxes are $8,998 (2025), on an assessed value of $675,500.
What is the price per square foot?
At $1,320,000 for 5,224 sqft, that's about $253 per square foot.
Is there parking?
7 total parking spaces (off street).
Where is this property located?
88 Cross St, Southbridge MA 01550 is in Southbridge, Worcester County, MA 01550.
