172–174 Charlton Street
172–174 Charlton Street, Southbridge, MA 01550
Off-market six-unit multifamily property in Southbridge.
Property overview
An industrial opportunity with real operating context.
172–174 Charlton Street is a one-building, six-unit multifamily offering. Seller materials identify three three-bedroom and three two-bedroom apartments, with all six units reported occupied at the time of preparation.
Unit count
6 units
Building configuration
1 building
Unit mix
3 three-bedroom · 3 two-bedroom
Occupancy
6 of 6 shown occupied
Building systems
Mixed heat and hot-water systems
Highlights from the package
Property details that matter.
01
Common deck repairs are reported in the package.
02
Seller materials note work in five identified units.
03
National Grid electric and gas utilities are listed.
04
Off-market details available on request.
Seller reported financials
Investment snapshot.
Public financial information from the supplied seller package. LGCY has not independently verified these figures.
Asking price
$974,500
Price per unit
$162,417 per unit
Gross rent / month
$9,745
Gross rent / year
$116,940
Occupied
100% (6 of 6)
Gross rent multiplier
8.33
Cap rate, listed expenses
10.2%*
Net after listed expenses
$99,635/yr
Rent upside
+$764/mo
Rent upside basis
To market per seller rent roll · $9,168/yr
Annual expenses
Seller reported rent roll
Seller rent roll and expense records dated 5/6/2026
| Unit | Layout | Current | Market | Lease end |
|---|---|---|---|---|
| 172-1 | 3/1 | $1,750 | $1,750 | 11/27/26 |
| 172-2 | 3/1 | $1,500 | $1,950 | 11/30/26 |
| 172-3 | 3/1 | $1,796 | $1,950 | 7/31/25 |
| 174-1 | 2/1 | $1,700 | $1,725 | 6/30/26 |
| 174-2 | 2/1 | $1,500 | $1,635 | 3/31/27 |
| 174-3 | 2/1 | $1,499 | $1,499 | 12/19/26 |
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 172–174 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.