56 Water Street

This property is no longer actively marketed. The last publicly available listing details are shown below; contact us for current availability.

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: November 7, 2026 at 9:23 PM ESTListing updated: October 22, 2026 at 5:28 PM EDT

Listed by Robert Bissonnette · Excelsior Realty · MLS #73572801

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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

More property insights

Automated value estimate $481,724

Estimated range $466,015–$497,433.

Automated estimates are not appraisals or guarantees of market value.

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Photo-based condition insights

Overall presentation: below average

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About 56 Water Street

Is this home available for a showing?

This home is no longer actively marketed. Ask our team about its current status or similar homes.

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.

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

Bean Group · eXp Realty

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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