Three-Story Residential Income
16 Brookline St Webster, MA 01570
16 Brookline St, Webster, MA, 01570
$595,000
Pending
For Sale
$595,000
Pending
Large three-story residence with flexible unit-style layouts, nine bedrooms, and updated mechanicals and bathrooms.
Property Size4,299 SF
Lot Size0.09 Acres
Days on Market50
Property Features for 16 Brookline St
General Information
- Standard status
- Pending
- Size
- 4,299 SF
- Lot size
- 0.09 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1880
Listing agency
(617) 774-9558
Listed by
Rose Jaboin
(617) 774-9558
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 9:04AM
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 Rose Jaboin
Investment Insights
Based on property information with market context.
This three-story residential income property offers substantial living space configured to support diversified arrangements. The building includes nine bedrooms and three full bathrooms, with distinct living areas on each floor designed to provide privacy and functional independence. Several updates have been noted, including newer bathrooms on the second and third floors, new heating for the first and third floors installed for 2025–2026, and a new hot water tank for the third floor installed in 2026. A $40 per month rental is referenced for hot water heater tank use for the first and second floors.
The property is located at 16 Brookline Street in Webster, Massachusetts. The offering is presented for viewing, and the walk and bike accessibility information provided includes a Walk Score of 72 (Very Walkable) and a Bike Score of 39 (Somewhat Bikeable).
With its multi-floor layout and multiple bedrooms and bathrooms, this home may appeal to buyers seeking a straightforward way to house multiple occupants or create floor-by-floor rental configurations. Recent system and bathroom improvements can also support near-term comfort and operational planning for an owner-operator or investor.
The property is located at 16 Brookline Street in Webster, Massachusetts. The offering is presented for viewing, and the walk and bike accessibility information provided includes a Walk Score of 72 (Very Walkable) and a Bike Score of 39 (Somewhat Bikeable).
With its multi-floor layout and multiple bedrooms and bathrooms, this home may appeal to buyers seeking a straightforward way to house multiple occupants or create floor-by-floor rental configurations. Recent system and bathroom improvements can also support near-term comfort and operational planning for an owner-operator or investor.
Key Highlights
- Built in 1880, this three‑story multi‑family home offers 4,299 SF of living space
- Nine bedrooms and 3 full bathrooms, with separate living areas on each floor for flexible configurations
- New heating installed for the 1st & 3rd floors in 2025–2026
Local Financial Insights For Apartment 5plus
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 | $94.4k | $21.96 |
| − Vacancy | −$2.5k | −$0.57 |
| EGI | $92.0k | $21.39 |
| − OpEx | −$41.4k | −$9.63 |
| NOI | $50.6k | $11.76 |
4,299 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$722.5K
$632.2K – $842.9K
NOI $50,573 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,763 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Large three-story residence with flexible unit-style layouts, nine bedrooms, and updated mechanicals and bathrooms.
Where is this multifamily property located?
The property is located at 16 Brookline St Webster, MA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Built in 1880, this three‑story multi‑family home offers 4,299 SF of living space; Nine bedrooms and 3 full bathrooms, with separate living areas on each floor for flexible configurations; New heating installed for the 1st & 3rd floors in 2025–2026
