573 Main Street
573 Main Street, Southbridge, MA 01550
Seven-unit off-market multifamily opportunity in Southbridge.
Property overview
An industrial opportunity with real operating context.
573 Main Street is a seven-unit multifamily property presented within the Southbridge portfolio. The source identifies seven three-bedroom apartments and reports recent work to electrical service, back stairs, hallways, and the driveway.
Configuration
1 building · 7 units
Unit mix
Seven 3-bedroom units
Occupancy
5 of 7 shown occupied
Heat
Hot-water baseboard and parlor heat
Hot water
Electric · tenant paid
Highlights from the package
Property details that matter.
01
Electrical service work is identified in seller materials.
02
Back stairs, hallways, and driveway work are noted.
03
National Grid electric and gas utilities are listed.
04
Confidential package available to qualified buyers.
Seller reported financials
Investment snapshot.
Public financial information from the supplied seller package. LGCY has not independently verified these figures.
Asking price
$1,246,000
Price per unit
$178,000 per unit
Gross rent / month
$8,900
Gross rent / year
$106,800
Occupied
71% (5 of 7)
Gross rent multiplier
11.67
Cap rate, listed expenses
6.7%*
Net after listed expenses
$83,702/yr
Rent upside
+$4,850/mo
Rent upside basis
To market per seller rent roll · $58,200/yr
Annual expenses
Seller reported rent roll
Seller rent roll and expense records dated 5/6/2026
| Unit | Layout | Current | Market | Lease end |
|---|---|---|---|---|
| 1 | 3/1 | Vacant | $2,200 | — |
| 2L | 3/1 | $2,000 | $1,950 | 2/28/26 |
| 2R | 3/1 | $1,950 | $1,950 | 3/31/26 |
| 3L | 3/1 | Vacant | $1,950 | — |
| 3R | 3/1 | $1,800 | $1,950 | 2/28/27 |
| 4L | 3/1 | $1,800 | $1,800 | 4/30/26 |
| 4R | 3/1 | $1,350 | $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 573 Main 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.