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Bean Group
Offered at $474,900Active
beds
4
baths
2
sq ft
2,055
Built
1977

54 Grace Ln

Southbridge, MA 01550

About this home

Fresh updates from the inside out give this Southbridge two-family a strong head start for its next owner! Beyond its refreshed appeal, the property offers excellent flexibility for investors looking to expand their portfolio or owner-occupants hoping to offset expenses with rental income. Both units are fully vacant and offer spacious, functional layouts, each featuring 2 bedrooms, 1 full bath, a living room, a kitchen, and a private deck for added outdoor space. The first-floor apartment features a newly updated kitchen showcasing new cabinetry and hardware, along with new wood-style vinyl flooring throughout. Upstairs, the second unit offers its own appeal with sparkling hardwood floors, new kitchen flooring, and a renovated bathroom featuring a brand-new tub and shower, and vanity. New plumbing fixtures carry throughout both apartments, including updated kitchen sinks and faucets. At the lower level, you'll find a partially finished basement that lends itself to recreation, shared gatherings, or additional storage, along with a dedicated laundry area. Outside, the improvements make just as strong an impression, from all-new windows, siding, and exterior doors to refreshed front and back decks. Fresh interior paint adds a crisp feel throughout, while a high-efficiency wall-hung propane boiler, installed in 2018, brings an important mechanical upgrade. Tucked away as the last home on a dead-end road, the setting offers a welcome sense of seclusion in a quiet neighborhood, complemented by a fenced-in backyard that creates a private outdoor retreat. Location adds another layer of rental appeal, placing residents near Southbridge's local shopping, grocery stores, restaurants, and everyday conveniences, with convenient access to Routes 131, 169, and 20 for commuting to Sturbridge, Charlton, and surrounding communities. With both units vacant and so many updates already completed, this is an opportunity to put your investment plans into motion. See the potential for yourself and make this versatile property your next move!

Listing last checked: Listing updated:

Listed by Jim Black Group · Real Broker MA, LLC · MLS #73599414

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Details at a glance

Interior5 property facts
Rooms
9
Heating
Baseboard, Propane
Cooling
None
Flooring
Vinyl, Carpet, Hardwood
Basement
Yes · Full, Partially Finished, Walk-Out Access, Interior Entry, Concrete
Building6 property facts
Style
Multi Family
Year built
1977
Garage
1
Parking
6
Foundation
Concrete Perimeter
Roof
Shingle
Land & utilities5 property facts
Lot size
0.38 acres
Water
Private
Sewer
Private Sewer
Pool
Not reported
Zoning
R1
Financial2 property facts
Annual taxes
$5,157
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $474,900 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,831 / monthAdjust
Principal & interest
$2,401
Property tax
$430
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,157. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Automated value estimate $451,000

Estimated range $391,000–$505,000.

Automated estimates are not appraisals or guarantees of market value.

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Photo-based condition insights

Overall presentation: average

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About 54 Grace Ln

Can I request a private showing?

Request a tour of 54 Grace Ln and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.