114 Pine Street
114 Pine Street, Southbridge, MA 01550
Six-unit multifamily property with four garages in Southbridge.
Property overview
An industrial opportunity with real operating context.
114 Pine Street is a six-unit multifamily property with four garages. The seller package presents six three-bedroom units and notes roof, driveway, common-area, and selected unit renovations.
Unit count
6 residential units
Unit mix
Six 3-bedroom units
Additional spaces
4 garages
Occupancy
6 of 6 shown occupied
Hot water
Gas · tenant paid
Highlights from the package
Property details that matter.
01
Recent roof, driveway, and common-area work is noted.
02
Units 1L, 2L, and 3L are identified as renovated.
03
National Grid electric and gas utilities are listed.
04
Full seller package available to qualified inquiries.
Seller reported financials
Investment snapshot.
Public financial information from the supplied seller package. LGCY has not independently verified these figures.
Asking price
$1,150,000
Price per unit
$191,667 per unit
Gross rent / month
$12,170
Gross rent / year
$146,040
Occupied
100% (6 of 6)
Gross rent multiplier
7.87
Cap rate, listed expenses
10.9%*
Total monthly market
$12,100
Net after listed expenses
$125,381/yr
Annual expenses
Seller reported rent roll
Seller rent roll and expense records dated 5/6/2026
| Unit | Layout | Current | Market | Lease end |
|---|---|---|---|---|
| Garage 1 | Garage | $200 | $200 | At will |
| Garage 2 | Garage | $50 | $50 | At will |
| Garage 3 | Garage | $250 | $250 | At will |
| Garage 4 | Garage | $170 | N/A | At will |
| 1L | 3/1 | $2,050 | $1,950 | 12/31/24 |
| 1R | 3/1 | $1,925 | $1,950 | 11/30/26 |
| 2L | 3/1 | $1,900 | $1,950 | N/A |
| 2R | 3/1 | $1,825 | $1,950 | At will |
| 3L | 3/1 | $1,850 | $1,850 | 3/31/26 |
| 3R | 3/1 | $1,950 | $1,950 | 11/30/26 |
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 Pine 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.