Updated Two-Family
140 School St Webster, MA 01570
140 School St, Webster, MA, 01570
$519,900
Pending
For Sale
$519,900
Pending
Two units offer hardwood and metal ceilings, updated kitchens, and in-unit laundry with a fenced yard and garage.
Property Size2,407 SF
Days on Market109
Property Features for 140 School St
General Information
- Standard status
- Pending
- Size
- 2,407 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1880
Listing agency
Coldwell Banker Realty - Worcester
(508) 847-6017
Listed by
Lee Joseph · License #453000099
(508) 847-6017
Source
Lockandkeyre
Added: Apr 6 Updated: Jul 22 at 12:50PM Checked: Jul 22 at 12:50PM
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 Coldwell Banker Realty - Worcester
Investment Insights
Based on property information with market context.
This updated two-family residence features period character paired with modern improvements. The first-floor unit includes hardwood floors and striking metal ceilings in the living and dining rooms, an updated kitchen with Corian counters and luxury vinyl flooring, and an expanded full bath with in-unit laundry. The second-floor unit has a similar layout and includes an enclosed porch for additional living space.
Additional amenities include a garage, up to five off-street parking spaces, and a fenced yard. The property is described as having economical gas heat and hot water, with separate electric service using a landlord meter. DELEAD certificates are provided.
Units are separately metered for electric, supporting flexibility for owner-occupants and investors.
Additional amenities include a garage, up to five off-street parking spaces, and a fenced yard. The property is described as having economical gas heat and hot water, with separate electric service using a landlord meter. DELEAD certificates are provided.
Units are separately metered for electric, supporting flexibility for owner-occupants and investors.
Key Highlights
- Two‑family home built in 1880 with two separate units and period details
- First‑floor unit features hardwood floors and metal ceilings in the living and dining rooms
- Updated first‑floor kitchen with Corian counters and luxury vinyl flooring, plus in‑unit laundry in an expanded full bath
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 | $47.7k | $19.80 |
| − Vacancy | −$1.2k | −$0.49 |
| EGI | $46.5k | $19.31 |
| − OpEx | −$13.9k | −$5.79 |
| NOI | $32.5k | $13.52 |
2,407 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$464.8K
$406.7K – $542.3K
NOI $32,537 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$404.5K
$354.0K – $471.9K
NOI $28,316 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$822.0K
$719.2K – $959.0K
NOI $57,537 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two units offer hardwood and metal ceilings, updated kitchens, and in-unit laundry with a fenced yard and garage.
Where is this duplex located?
The property is located at 140 School St Webster, MA.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two‑family home built in 1880 with two separate units and period details; First‑floor unit features hardwood floors and metal ceilings in the living and dining rooms; Updated first‑floor kitchen with Corian counters and luxury vinyl flooring, plus in‑unit laundry in an expanded full bath
