Two-Family Home with Renovation
149 Lake St Webster, MA 01570
For Sale
$299,000
Two-family home or single-family conversion opportunity in 'as is' condition.
Property Size1,578 SF
Price / SF$189.48
Days on Market96
Property Features for 149 Lake St
General Information
Standard status
Active
Size
1,578 SF
Property subtype
Multi Family Home
Building Details
Year Built
1950
Listing Agency:
RE/MAX Properties
(401) 639-2906
Listed By:
Scott McGee · License #S32155
(401) 639-2906
Source:
Alliancepartnersre
Added: Apr 23
Changed: Jul 10
Last Checked: Jul 25 at 3:22PM
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 RE/MAX Properties
Investment Insights
Based on property information with market context.
This property, currently zoned as a two-family home, presents an opportunity for renovation or conversion into a single-family residence. The property features 4 bedrooms and 2 full baths. A full, unfinished basement provides additional space. Off-street parking is available for 5-6 cars, and a storage shed is located on the property. The building size is 1578 square feet. The property is connected to town water, sewer, and gas, offering flexibility for renovation plans. The property is being offered in 'as is' condition through an estate sale.
Key Highlights
- Potential to convert to a single‑family residence or maintain as a two‑family property.
- Ample off‑street parking with space for 5‑6 cars.
- Features four bedrooms and two full bathrooms.
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
NOI $21,331 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$265.2K
$232.1K – $309.4K
NOI $18,564 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$538.9K
$471.5K – $628.7K
NOI $37,721 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home or single-family conversion opportunity in 'as is' condition.
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: Potential to convert to a single‑family residence or maintain as a two‑family property.; Ample off‑street parking with space for 5‑6 cars.; Features four bedrooms and two full bathrooms.
