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Three-Family Residential Investment

16 Brookline St Webster, MA 01570

16 Brookline St, Webster, MA, 01570
$595,000
Pending
For Sale
$595,000
Pending

MULTI_FAMILY - Webster, MA

Property Size4,299 SF
Lot Size0.09 Acres
Days on Market49

Property Features for 16 Brookline St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MR-12
Bedrooms
9
Bathrooms
3
Rooms
Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 9, Bathroom 1, Bathroom 2, Bedroom 8, Bedroom 4, Bedroom 2
Standard status
Pending
APN
1744852
Size
4,299 SF
Lot size
0.09 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
5437

Building Details

Year built
1880
Floors in Building
3
Number of units
3
Listing agency Keller Williams Elite
Added: Jun 3 Updated: Jun 9 at 3:35AM Checked: Jul 21 at 3:06PM
MLS# 73529242

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.


Investment Insights

Based on property information with market context.

This three-family residential property provides spacious, versatile living arrangements with a total of 9 bedrooms and 3 full bathrooms across three levels. The home totals 4,299 square feet of living space. Recent improvements include updated bathrooms on the 2nd and 3rd floors, new heating systems installed on the 1st and 3rd floors (2025–2026), and a new hot water tank for the 3rd floor installed in 2026. The 1st and 2nd floors currently use leased hot water tanks at $40 per month each.

Zoned MR-12, the property is located at 16 Brookline St in Webster, Massachusetts (01570) within Worcester County. It sits on a 0.0909-acre lot.

For tenants, buyers, or owner-occupants, this layout supports multiple household setups within a single structure, with documented updates to key systems and bathrooms. The presence of current hot water arrangements and the recently installed heating and hot-water equipment may help reduce near-term maintenance planning compared with units that have not been updated.

Key Highlights

  • 3‑family property built in 1880 with 9 bedrooms and 3 full bathrooms
  • Over 4,299 sq ft of living space across three levels
  • Updated bathrooms on the 2nd and 3rd floors

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
Multifamily LT 5
$830.2K
$726.4K – $968.5K (±1% cap)
NOI $58,112 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$722.5K
$632.2K – $842.9K (±1% cap)
NOI $50,573 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M (±1% cap)
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

Triplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Dental Office (Bike/Boat/Book/etc) Store Law Firm Storage Facility HVAC Service Locksmith Bakery Catering Service

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

FAQs

What type of property is this?
Triplex - Well-maintained three-family home with 9 bedrooms, 3 full baths, and recent mechanical and hot-water updates.
Where is this triplex 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: 3‑family property built in 1880 with 9 bedrooms and 3 full bathrooms; Over 4,299 sq ft of living space across three levels; Updated bathrooms on the 2nd and 3rd floors
Contact an agent
More about this property
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