About this home
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.
Listing last checked: Listing updated:
Listed by Robert Bissonnette · Excelsior Realty · MLS #73572801
Request property information
Select a document to start a request. You can add others in the form. Availability varies.
Details at a glance
Interior5 property facts
- Rooms
- 15
- Heating
- Baseboard, Natural Gas, Individual, Space Heater
- Cooling
- Window Unit(s)
- Flooring
- Wood, Vinyl, Varies, Laminate
- Basement
- Yes · Full, Partially Finished, Bulkhead, Concrete
Building6 property facts
- Style
- 3 Family
- Year built
- 1900
- Garage
- 2
- Parking
- 9
- Foundation
- Stone
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.16 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- R2
Financial2 property facts
- Annual taxes
- $5,990
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $474,900 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,901 / monthAdjust
- Principal & interest
- $2,401
- Property tax
- $499
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,990. 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 $481,724
Estimated range $466,015–$497,433.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: below average
Explore more of Southbridge
Continue your search in Southbridge.
Need help making sense of this home?
About 56 Water Street
Can I request a private showing?
Request a tour of 56 Water Street 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.