114–116 Charlton Street
114–116 Charlton Street, Southbridge, MA 01550
Nine-unit, two-building multifamily opportunity in Southbridge.
Property overview
An industrial opportunity with real operating context.
Off-market multifamily offering comprising two buildings at 114–116 Charlton Street in Southbridge. Seller materials identify nine units, including three four-bedroom and six two-bedroom layouts, with all units shown occupied at the time of preparation.
Unit count
9 units
Buildings
2 buildings
Unit mix
3 four-bedroom · 6 two-bedroom
Occupancy
9 of 9 shown occupied
Recent work
Roof, common areas, driveway
Highlights from the package
Property details that matter.
01
Multiple units are identified as renovated in seller materials.
02
National Grid electric and gas utilities are noted.
03
Seller package includes current occupancy and lease information.
04
Positioned within the Southbridge multifamily portfolio.
Seller reported financials
Investment snapshot.
Public financial information from the supplied seller package. LGCY has not independently verified these figures.
Asking price
$1,575,000
Price per unit
$175,000 per unit
Gross rent / month
$15,530
Gross rent / year
$186,360
Occupied
100% (9 of 9)
Gross rent multiplier
8.45
Cap rate, listed expenses
10.1%*
Net after listed expenses
$158,349/yr
Rent upside
+$623/mo
Rent upside basis
To market per seller rent roll · $7,474/yr
Annual expenses
Seller reported rent roll
Seller rent roll and expense records dated 5/6/2026
| Unit | Layout | Current | Market | Lease end |
|---|---|---|---|---|
| 2F | 2/1 | $1,635 | $1,635 | 9/30/26 |
| 114-1 | 4/1 | $1,950 | $2,196 | 2/28/27 |
| 114-2 | 4/1 | $1,950 | $2,196 | 2/28/26 |
| 114-3 | 4/1 | $2,000 | $2,196 | 2/28/27 |
| 116-1F | 2/1 | $1,635 | $1,635 | 4/9/27 |
| 116-1R | 2/1 | $1,700 | $1,635 | At will |
| 116-2R | 2/1 | $1,635 | $1,635 | 2/14/27 |
| 116-3F | 2/1 | $1,575 | $1,575 | 5/31/26 |
| 116-3R | 2/1 | $1,450 | $1,450 | 3/31/27 |
| Total monthly | — | $15,530 | $16,153 | — |
Source notes and buyer verification
- *Before insurance, management, repairs, and vacancy.
- Confidential, off-market seller information deemed reliable but not guaranteed. Buyer to verify all figures.
Qualified buyer access
Request the 114–116 Charlton Street property package.
Send your details to open the original property package. LGCY will also follow up to understand your criteria and answer questions about the opportunity.