One-Bedroom Residential Income
For Sale
Contact for pricing
104 Main St, Webster, MA 01570
Updated apartment near downtown Webster with building laundry and recently replaced appliances and bathroom finishes.
Property Size1,000 SF
Price / SF$1.25
Days on Market103
Property Features for 104 Main St
General Information
Standard status
Active
Size
1,000 SF
Building Details
Year Built
1920
Listing Agency:
M. Titus Realty
Listed By:
Melinda Titus (508) 243-2251 (508) 243-2251 · License #REB.0790270
(508) 243-2251
Source:
Yourcthomeguide
Added: Jul 6
Changed: Oct 1
Last Checked: Oct 16 at 9:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of M. Titus Realty
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Investment Insights
Based on property information with market context.
This three-room, one-bedroom apartment is located in a residential income property built in 1890. The unit includes new appliances and a new bathroom, while laundry facilities are available within the building. Its location near downtown Webster provides convenient access to the town center. Occupancy requirements include satisfactory credit and income qualifications, with no pets or smoking permitted.
Key Highlights
- Three‑room, one‑bedroom apartment
- New appliances and new bathroom
- Laundry facilities located in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,764
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,280
$235.3K
Cap Rate 7%
$168,057
$168.1K
Cap Rate 9%
$130,711
$130.7K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$22.0K $21.96/SF
− Vacancy
−$571 −$0.57/SF
EGI
$21.4K $21.39/SF
− OpEx
−$9.6K −$9.63/SF
NOI
$11.8K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,280
Cap Rate 7%
$168,057
Cap Rate 9%
$130,711
Alternative Uses
Best Use
Apartment 5plus
$168.1K
$147.1K – $196.1K
NOI $11,764 @ 7.0% cap · market cap 941.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$341.5K
$298.8K – $398.4K
NOI $23,904 @ 7.0% cap · market cap 1,912.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 01570, MA
17,776
Population
8,211
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
12.4 sq mi
ZIP Area
1,434
Density / Sq Mi
$68,934
Median Household Income
$43,595
Median Earnings
$1,135
Median Rent
$339,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated apartment near downtown Webster with building laundry and recently replaced appliances and bathroom finishes.
Where is this residential income property located?
The property is located at 104 Main St Webster, MA.
What are key features of this property?
This property features: Three‑room, one‑bedroom apartment; New appliances and new bathroom; Laundry facilities located in the building
