Two-Family Home with Renovation Potential

149 Lake St, Webster, MA 01570

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For Sale

$299,000

Two-family home or single-family conversion opportunity in 'as is' condition.

Type:Multi Family Home

Property size:

1,578 SF

Price / SF:

$189/SF

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.
Connected to town water, sewer, and gas.
Full, unfinished basement offers potential for customization.
Includes a storage shed on the property.

We can help!

Listing Contact

Scott McGee

Learn more

For Sale

$299,000

Two-family home or single-family conversion opportunity in 'as is' condition.

Type:Multi Family Home

Property size:

1,578 SF

Price / SF:

$189/SF

Added:: Apr 23, 2026
Days on Market:: 50
Last Refresh:: Apr 23 at 8:22 am

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

We can help!

Listing Contact

Scott McGee

Listing agent Scott McGee License #232155

Listing office RE/MAX Properties

Listing date Apr 23, 2026

Source Alliancepartnersre

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

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.
Connected to town water, sewer, and gas.
Full, unfinished basement offers potential for customization.
Includes a storage shed on the property.

Overview

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Webster
County: Worcester
State: Massachusetts
Longitude: -71.8645149
Latitude: 42.0462131

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For sale
Duplexes
MA
Webster
01570
149 Lake St

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.