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Webster Multifamily Property with Potential

149 Lake St Webster, MA 01570

Claim this Listing
For Sale
$299,000

MULTI_FAMILY - Webster, MA

Property size:
1,578 SF
Lot size:
0.20 Acres
Price / SF:
$189/SF
Added:
Apr 6, 2026
Days on Market:
98
Last Refresh:
Jul 12 at 2:06 am

Property Features for 149 Lake St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
GB-4 W
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking
5
Standard status
Active
APN
M:29 B:C P:8,1747970
Size
1,578 SF
Lot size
0.20 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
2877

Building Details

Year built
1950
Floors in Building
2
Number of units
2

Listing agent Richard Zompa

Listing office RE/MAX Properties 696 Douglas Pike, Smithfield, MA

Listing date Apr 6, 2026

MLS# 73496836 Listing URL

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This property, offered through an estate sale in As Is condition, is currently zoned as a two-family home but could also serve as a single-family residence. The solidly built structure requires cosmetic renovations throughout. It features 4 bedrooms and 2 full baths. The property includes a full unfinished basement, off-street parking space for 5-6 cars, and a storage shed. It is connected to town water, sewer, and gas, offering flexibility in renovation plans. The lot size is 0.2026 acres. The property size is 1578 square feet and is located in Webster, Massachusetts.

Key Highlights

  • 4‑bedroom, 2 full‑bath home built in 1950
  • Currently zoned as a two‑family; described as suitable to convert to a single‑family residence
  • Full unfinished basement

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $31.2k $19.80
− Vacancy −$772 −$0.49
EGI $30.5k $19.31
− OpEx −$9.1k −$5.79
NOI $21.3k $13.52
1,578 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$304.7K
$266.6K – $355.5K (±1% cap)
NOI $21,331 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$265.2K
$232.1K – $309.4K (±1% cap)
NOI $18,564 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$538.9K
$471.5K – $628.7K (±1% cap)
NOI $37,721 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Bakery Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Garden Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-family home with renovation potential in Webster, Massachusetts.
Where is this duplex located?
The property is located at 149 Lake St Webster, MA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 4‑bedroom, 2 full‑bath home built in 1950; Currently zoned as a two‑family; described as suitable to convert to a single‑family residence; Full unfinished basement
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More about this property
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