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    Webster Multifamily Property with Potential Title is generated by Realmo AI

    149 Lake St, Webster, MA 01570

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    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:
    79
    Last Refresh:
    Jun 23 at 2:06 pm

    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
    Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
    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

    We can help!

    Listing Contact
    Richard Zompa

    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.

    HighLights

    • Estate sale home built in 1950 offered in as‑is condition
    • 4 bedrooms and 2 full baths
    • Two‑family zoning; would also work as a single‑family residence
    • Full unfinished basement
    • Off‑street parking for 5–6 cars plus a storage shed
    • Connected to town water, sewer, and gas

    Overview

    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.

    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 Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.864548
    Latitude
    42.046173

    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: Estate sale home built in 1950 offered in as‑is condition; 4 bedrooms and 2 full baths; Two‑family zoning; would also work as a single‑family residence
    More about this property
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