88 Cross Street
88 Cross Street, Southbridge, MA 01550
Eight-unit Southbridge multifamily property with a diverse unit mix.
Property overview
An industrial opportunity with real operating context.
88 Cross Street is an eight-unit multifamily building in Southbridge. The property includes two three-bedroom apartments, five two-bedroom apartments, and one one-bedroom apartment. Seller materials identify recent roof, basement, front-stair, and selected-unit work.
Unit count
8 units
Building count
1 building
Unit mix
2 three-bedroom · 5 two-bedroom · 1 one-bedroom
Occupancy
6 of 8 shown occupied
Hot water
Gas · landlord paid
Highlights from the package
Property details that matter.
01
Exterior property photography is included in the source package.
02
Recent work to roof, basement, and front stairs is noted.
03
Selected-unit work is identified in seller materials.
04
National Grid electric and gas utilities are listed.
Seller reported financials
Investment snapshot.
Public financial information from the supplied seller package. LGCY has not independently verified these figures.
Asking price
$1,320,000
Price per unit
$165,000 per unit
Gross rent / month
$9,242
Gross rent / year
$110,904
Occupied
75% (6 of 8)
Gross rent multiplier
11.90
Cap rate, listed expenses
5.9%*
Net after listed expenses
$77,320/yr
Rent upside
+$4,168/mo
Rent upside basis
To market per seller rent roll · $50,016/yr
Total monthly market
$13,410
Annual expenses
Seller reported rent roll
Seller rent roll and expense records dated 5/6/2026
| Unit | Layout | Current | Market | Lease end |
|---|---|---|---|---|
| Basement | 2/1 | $1,550 | $1,525 | 10/31/26 |
| 1L | 2/1 | $1,292 | $1,635 | 3/31/26 |
| 1R | 3/1 | $1,800 | $1,950 | At will |
| 1 Rear | 2/1 | $1,600 | $1,600 | 1/22/27 |
| 2L | 2/1 | Vacant | $1,700 | — |
| 2R | 2/1 | $1,700 | $1,700 | 1/31/27 |
| 3L | 3/1 | Vacant | $1,900 | — |
| 3R | 1/1 | $1,300 | $1,400 | At will |
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 88 Cross 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.