Three-Unit Residential Income
18 Pearl St Webster, MA 01570
18 Pearl St, Webster, MA, 01570
$499,900
Pending
For Sale
$499,900
Pending
Three-family property with three 3-bedroom units, hardwood floors, full basement, and a detached electrically serviced garage.
Property Size3,768 SF
Days on Market91
Property Features for 18 Pearl St
General Information
- Standard status
- Pending
- Size
- 3,768 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1880
Listing agency
REMAX Executive Realty
(978) 807-7784
Listed by
The Journey Group
Source
Reishomesearch
Added: Apr 23 Updated: Jul 20 at 7:58PM Checked: Jul 20 at 7:58PM
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 REMAX Executive Realty
Investment Insights
Based on property information with market context.
This classic three-family residential income property offers three separate units, each with a spacious 3-bedroom layout for a total of nine bedrooms. Interior features include natural woodwork and hardwood flooring, and the building includes a full basement. A detached garage with electricity is also included, along with town water and sewer. The property is being sold as-is, including personal contents.
The home is located on a residential side street with easy access to Routes 12 and 16, as well as I-395.
For buyers and tenants seeking an income-producing multifamily asset, this configuration supports straightforward unit-by-unit leasing, while the solid underlying improvements allow room for future updates and reimagination.
The home is located on a residential side street with easy access to Routes 12 and 16, as well as I-395.
For buyers and tenants seeking an income-producing multifamily asset, this configuration supports straightforward unit-by-unit leasing, while the solid underlying improvements allow room for future updates and reimagination.
Key Highlights
- Three‑family property with three 3‑bedroom units (9 bedrooms total) and nearly identical floor plans
- Hardwood flooring and natural woodwork throughout, with living room, family room, and kitchen in the units
- Full basement included
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 | $82.7k | $21.96 |
| − Vacancy | −$2.2k | −$0.57 |
| EGI | $80.6k | $21.39 |
| − OpEx | −$36.3k | −$9.63 |
| NOI | $44.3k | $11.76 |
3,768 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$727.6K
$636.7K – $848.9K
NOI $50,935 @ 7.0% cap · market cap 10.19%
Second Best
Apartment 5plus
$633.2K
$554.1K – $738.8K
NOI $44,327 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,070 @ 7.0% cap · market cap 18.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family property with three 3-bedroom units, hardwood floors, full basement, and a detached electrically serviced garage.
Where is this triplex located?
The property is located at 18 Pearl St Webster, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three‑family property with three 3‑bedroom units (9 bedrooms total) and nearly identical floor plans; Hardwood flooring and natural woodwork throughout, with living room, family room, and kitchen in the units; Full basement included
