2-4 Cross St contains three (3) 3-Bedroom/1-Bathroom units and three (3) 2-Bedroom/1-Bathroom units with 4,992 square feet of gross living area in 8,273 square feet of gross area. The Property is situated upon a 0.12-acre parcel and features over two (2+) off-street parking spaces. 2-4 Cross Street, with all units featuring desirable direct-entry style units on a well-positioned corner lot, has been well-maintained by current ownership. The Property features strong in-place rents, offering immediate cash flow, and recent CapEx includes new building siding. The Property features separately metered utilities, with tenants responsible for gas powered heat & hot water, as well as electricity. The Landlord is responsible for providing city water & sewer. The Property is well-positioned in Southbridge, offering convenient access to the town’s central business district, neighborhood retail corridors, and surrounding residential areas. Listed at a 9.2% cap rate.
Downtown, located between the Quinebaug River corridor and West Street, is a civic and commercial Southbridge neighborhood with brick mill-era streetscapes and a walkable main drag. The neighborhood’s character concentrates around Central Street at Main Street, where storefront windows, cafés, and small-service counters keep the sidewalks in motion. The Strand Theatre, the Southbridge Town Common, and the Jacob Edwards Library act as cultural anchors for daily routines and evening plans. Architecture leans toward late-19th-century brick blocks and compact civic buildings, with river-adjacent views peeking through side streets. Pocket greens and memorial spaces break up the blocks, and the downtown grid keeps errands and meetups on foot. The Quinebaug River and nearby mill sites give the area its industrial backbone and sense of place.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
27 total rooms
Unfinished basement
Bathrooms
6 full bathrooms
Heating & cooling
Natural gas heating
Heating present
Exterior features
Corner lot
Paved road frontage
Public road frontage
Asphalt/composition shingle roof
Home design
5-9 family multiunit property
5 stories
Grey exterior
Parking
2 off-street parking spaces
2 open parking spaces
Construction
Stone foundation
Construction details: see remarks
Built (approximate) per public records
Utilities
Public water
Public sewer
Individually metered electric
HOA & community
Community amenities nearby: public transportation, shopping, pool, tennis courts, park, walk/jog trails, stables, golf, medical facility, laundromat, bike path, conservation area, highway access, house of worship, private and public schools, T-Station
Other
Property contains multiple units with varying floor counts and lease statuses
Electricity and solar
View estimated energy costs and solar savings for this home
Great investment opportunity! Located in a Qualified Opportunity Zone for potential tax free gains and over 14% Cap Rate. 5 out of 6 units recently renovated. Plenty of off-street parking. Make your mark with this 6-unit property today!
Public Records
Feb 1, 1991
Sold
$150,000
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$4,174 (+6.0%)
$16,300 + $247,200
$263,500
2022
$3,938 (−4.8%)
$13,900 + $206,100
$220,000
2021
$4,137 (−0.2%)
$13,900 + $198,900
$212,800
2020
$4,145 (+8.1%)
$13,900 + $198,900
$212,800
2018
$3,835 (+18.2%)
$16,800 + $168,000
$184,800
2017
$3,244 (+1.8%)
$16,800 + $140,900
$157,700
2016
$3,187 (−10.4%)
$16,800 + $140,900
$157,700
2015
$3,557 (+3.7%)
$18,100 + $156,600
$174,700
2014
$3,431 (+6.3%)
$18,100 + $156,600
$174,700
2013
$3,227 (+14.9%)
$18,100 + $156,600
$174,700
2012
$2,808 (+3.8%)
$18,100 + $139,400
$157,500
2011
$2,705 (+5.8%)
$18,400 + $139,400
$157,800
2010
$2,556 (−5.5%)
$20,000 + $148,600
$168,600
2009
$2,705
$20,200 + $194,300
$214,500
Public record
Beds
9
Baths
6
Stories
3
Lot width
—
Lot depth
—
Lot size
5,227 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
4,992
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,992
Year built
1900
Style
Multi-Family (5+ Unit)
County
Worcester County
APN
3977722
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 25, 2025.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
8 days above 94° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Southbridge, MA • 01550
Average low and high temperatures (°F)
31
17
34
19
50
30
60
39
67
49
79
58
82
63
78
56
73
53
63
43
50
35
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2-4 Cross St
There isn’t enough information to generate an accurate estimate at this time. Learn More