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141 Elm St, Southbridge, MA, 01550

9beds
5baths
4,144sqft
$624,900
$151price/sqft
$4,912/moest. monthly cost
$196,480/yrincome needed

About This Home

INVESTORS TAKE A LOOK AT THIS 5 UNIT APARTMENT BUILDING!! *RENTS ON 4 TAW UNITS TO BE INCREASED AS OF SEPTEMBER 1ST! Exterior is vinyl sided, has replacement windows in the units, off street parking for 6 to 7 vehicles & exterior porches for 4 of the units! There is one 1 bedroom & two 2 bedroom units on the first floor. The 2nd floor has 2 huge 2/3 bedroom units! Each unit is unique. There are some original cabinets, molding, & hardwood floors in the units. Each unit has refrigerator, range, & washer/dryer hook-ups. All tenants are TAW except for one Section 8 tenant. They are all long term and paying below market rents. Great potential for positive cash flow!! Tenants pay their own heat (gas), hot water, & electricity (100 amp). There is a landlord meter, as well. Please see attachments.

Getting Around

76
WalkingVery Walkable
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

--
Eastford Road SchoolGrades PK-10.3 mi
6/10
1/10
Southbridge High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone,Brick/Mortar
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 5-9 Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access,Dirt Floor,Concrete

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Living Room,Kitchen
  • Window features: Insulated Windows
  • Finished area below ground: 0
  • Finished area above ground: 4,144

Interior Area

  • Total structure area: 4,144
  • Total interior livable area: 4,144 sqft

Property

Details

  • Parcel number: M:0047 B:0087 L:00001,3978592
  • Zoning: R3

Features

  • Patio & porch: Porch

Lot

  • Lot size: 9,583 sqft
  • Features: Easements,Level

Parking

  • Total spaces: 7
  • Parking features: Paved Drive,Off Street,Paved
  • Has uncovered spaces: Yes
  • Uncovered spaces: 7

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Ice Storm
Strong Wind

FEMA Declared Disasters Across Massachusetts Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,159$37,908
Home Insurance *$286$3,432
Property Taxes $650$7,800
Electricity $817$9,806
Total$4,912$58,944
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$168,411/yr
40% on housing$147,360/yr
45% on housing$130,986/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$151This listing

vs Other Active Listings

Avg $/sqft

ZIP 01550$190
Worcester County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 01550$234
Worcester County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-14Price change$624,900
2026-06-18Listed for sale$649,900

For Sale by Agent

AgentMary Jo Demick
BrokerageAucoin Ryan Realty

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